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  "documentTitle": "Darden Restaurants, Inc. (DRI)",
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  "authorName": "Starboard Value",
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  "presentationDate": "2014-03-31 00:00:00",
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  "notes": "Uses a specific historical anecdote from 2002 to establish a pattern of behavior.",
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      "text": "This is highly alarming – shareholders need to trust that management will provide equal access to sell-side analysts and that sell-side analysts will be unbiased.",
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      "text": "A recent CNBC article titled “Darden Uses Lobster Claws On Critical Analysts” chronicles tactics used by Darden to put a muzzle on analysts who provide critical analysis.",
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      "text": "Darden has a long history of silencing critics and trying to avoid an active dialogue on the key issues facing the Company.",
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      "text": "The article discusses how analysts from leading sell-side research firms have had access limited to varying degrees following their publication of analysis that did not reflect positively on management, and notes that this practice has been going on for more than a decade and continues to this day. The article highlights that:",
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      "text": "In 2002, The New York Times published an article about Matthew DiFrisco, an analyst who downgraded Darden's stock to ‘neutral’ from ‘outperform.’ Following the downgrade, Darden's investor relations officer Matthew Stroud canceled a marketing trip with DiFrisco’s clients, telling him that he needed to have an ‘outperform’ rating to enjoy such a privilege.",
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      "text": "Time and again Darden has shown a blatant disregard for shareholder concerns and a propensity to silence critics",
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