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  "documentTitle": "Darden Restaurants, Inc. (DRI)",
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  "authorName": "Starboard Value",
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  "presentationDate": "2014-09-11 00:00:00",
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      "text": "Office Depot has outperformed the market by 94% since Starboard's 13D filing",
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      "text": "In 2012, Starboard made a large investment in Office Depot that resulted in substantial value enhancing initiatives including operational improvements, the divestiture of non-core assets, and a merger with OfficeMax - in the process Jeff Smith was elected to the board of directors. Office Depot, with Jeff Smith as part of the search committee, recruited and hired a new CEO, Roland Smith, who assembled a superb management team. Upon Jeff Smith's departure from the Office Depot board, both the Lead Director, Nigel Travis (Chairman and CEO of Dunkin' Brands) and Roland Smith (Chairman and CEO of Office Depot) positively commented on his service.",
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      "text": "The Board of Directors sincerely appreciates the constructive perspectives Jeff has brought to our group...he has been a valuable contributor to the Board and provided a focus on the long-term best interests of the company and its shareholders. We thank him for his service and wish him continued success. - Nigel Travis, Chairman and CEO of Dunkin' Brands",
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      "text": "On behalf of our management and Board of Directors, I want to thank Jeff for his significant contributions to Office Depot and its shareholders. Jeff has been an integral part of our accomplishments and provided important perspectives that helped to define strategies that position the company for long-term growth and profitability. I have appreciated our time working together and wish Jeff well in his existing and future projects. - Roland Smith, Chairman and CEO of Office Depot",
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      "text": "\"The Board of Directors sincerely appreciates the constructive perspectives Jeff has brought to our group...he has been a valuable contributor to the Board and provided a focus on the long-term best interests of the company and its shareholders. We thank him for his service and wish him continued success.\" — Nigel Travis, Chairman and CEO of Dunkin' Brands; \"On behalf of our management and Board of Directors, I want to thank Jeff for his significant contributions to Office Depot and its shareholders. Jeff has been an integral part of our accomplishments and provided important perspectives that helped to define strategies that position the company for long-term growth and profitability. I have appreciated our time working together and wish Jeff well in his existing and future projects.\" — Roland Smith, Chairman and CEO of Office Depot",
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