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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": "We do not believe the current Board’s proposed slate, which includes 4 incumbent directors who have overseen massive shareholder value destruction and appalling corporate governance practices, has the operating record or shareholder-friendly mindset required to turn around Darden",
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      "text": "Track record of destroying value; Margins are SIGNIFICANTLY below peers; Significant decreases in same-store-sales; Long history of abysmal corporate governance; Failed conglomerate model; Inefficient real estate structure; Unwillingness to franchise",
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      "text": "Winning plan to create shareholder value; #1 priority is unlocking long-term shareholder value; Strict operating and capital allocation discipline; Substantial margin improvements; Olive Garden turnaround; Real estate separation; Spin off of SRG; International expansion",
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