{
  "docId": "019dd923-622b-71dc-a6d9-b7733990b4fe",
  "docSlug": "9c639b8b1898",
  "documentTitle": "Darden Restaurants, Inc. (DRI)",
  "authorId": "03_Starboard_Value",
  "authorName": "Starboard Value",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2014-03-31 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 86,
  "pageCount": 108,
  "prevPage": 85,
  "nextPage": 87,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "balanced",
  "nDataPoints": 1,
  "notes": "The slide uses the headquarters as a visual anchor for 'excessive' corporate spending.",
  "elementsJson": [
    "headline_text",
    "bullet_list",
    "photo",
    "callout_box",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6d9-b7733990b4fe/86",
  "deckHref": "/decks/019dd923-622b-71dc-a6d9-b7733990b4fe",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6d9-b7733990b4fe.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6d9-b7733990b4fe#slide-86",
  "components": [
    {
      "bbox": {
        "h": 0.4,
        "w": 0.21,
        "x": 0.77,
        "y": 0.45
      },
      "kind": "callout",
      "text": "In the proposed Red Lobster Separation, New Red Lobster is actually moving out of this headquarters thereby creating more excess space at this location and more costs at New Red Lobster.",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "aa784f18-3736-4639-a768-25ec58622a83",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.52,
        "w": 0.72,
        "x": 0.03,
        "y": 0.39
      },
      "kind": "image",
      "text": "Photo of Darden headquarters",
      "attrs": null,
      "subkind": "photo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3972a9d1-6023-42e3-b373-56de310fc39e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.75,
        "x": 0.04,
        "y": 0.32
      },
      "kind": "list",
      "text": "$152 million headquarters: Extraordinarily luxurious headquarters opened in 2009 in Orlando.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "15d4de77-fb0e-41d4-b480-964bcb5ceb16",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.92,
        "x": 0.04,
        "y": 0.16
      },
      "kind": "list",
      "text": "Lucrative perks: Company cars and private aircraft usage.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fbc540a1-62b9-4c0d-a439-3679f38a9700",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.2,
        "x": 0.04,
        "y": 0.93
      },
      "kind": "source-note",
      "text": "Source: Company website. (1) Per the Orlando Sentinel.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "dcdd8925-fde8-475d-8be8-6dea3c716a97",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.88,
        "x": 0.04,
        "y": 0.04
      },
      "kind": "title",
      "text": "Despite having a significantly larger revenue base than peers, Darden’s SG&A as a % of sales is far worse (cont’d)",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ad830a4e-0399-499b-b808-ba11a28da8a2",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "fraud-exposure",
      "slug": null,
      "matchId": "69b38449-63ef-484f-bc6e-ee62f68dee7c",
      "evidence": "Highlighting excessive corporate spending and luxury assets as evidence of mismanagement.",
      "confidence": 0.8
    }
  ],
  "arcBeats": [
    {
      "to": 107,
      "from": 44,
      "beatId": "b1a77d71-e262-47a6-b9b8-0075198da524",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Propose Solution",
      "beatSlug": null,
      "evidence": "The document proposes alternative solutions, including a comprehensive value creation plan and a detailed turnaround plan for Darden.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}