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  "documentTitle": "Darden Restaurants, Inc. (DRI)",
  "authorId": "03_Starboard_Value",
  "authorName": "Jeffrey C. Smith",
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  "presentationDate": "2014-05-22 00:00:00",
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  "notes": "This is a page from an activist investor letter (likely Starboard Value) criticizing Darden Restaurants' board.",
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      "text": "Instead of honoring the wishes of shareholders and calling the Special Meeting, the Board decided it knew best and chose to completely ignore the will of Darden's shareholders.",
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      "text": "Darden has claimed that although shareholders supported the calling of the Special Meeting, some shareholders had not yet decided how they would vote at the meeting. This strikes us as a reason to hold the Special Meeting promptly...",
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      "kind": "paragraph",
      "text": "While we plan to review the definitive agreement for the Red Lobster Sale to determine whether it is feasible for Darden to terminate the transaction, if such a termination is not feasible, we plan to withdraw our request to hold the Special Meeting...",
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      "text": "We are not the only ones who were shocked and disappointed by the Red Lobster Sale, as demonstrated by the more than 5% decline in the stock price since the announcement of the sale. In fact, the Red Lobster Sale shows such contempt for the interests of Darden's shareholders...",
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      "text": "The fact that the Company now says it plans to hold the Special Meeting, after signing what appears to be a binding contract committing the Board to sell Red Lobster regardless of the results of such meeting, demonstrates just how disconnected this Board is from reality...",
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      "kind": "quote",
      "text": "Who Knew Lobsters Had Middle Fingers? — Mark Kalinowski of Janney Capital Markets",
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      "text": "2 Stock price change from close on May 15, 2014 through close on May 20, 2014.",
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      "kind": "title",
      "text": "OUR DISAPPOINTMENT IN THE RED LOBSTER SALE WAS SHARED BROADLY",
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