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  "documentTitle": "Darden Restaurants, Inc. (DRI)",
  "authorId": "03_Starboard_Value",
  "authorName": "Starboard Value",
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  "presentationDate": "2014-09-11 00:00:00",
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  "notes": "Uses the Red Lobster sale to ARCP as a case study to discredit current management and board.",
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      "text": "We believe the Red Lobster transaction highlights the incumbent Board members' attitudes towards shareholders and their inability to create value at Darden",
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      "text": "Confirmed our valuation for the rest of Darden’s real estate. In fact, the price paid by ARCP suggests our estimates may be conservative.",
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      "text": "Affirmed our belief that the current Board members cannot be trusted to safeguard the best interests of shareholders.",
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      "text": "Affirmed our strong belief that a new Board and management team is needed to lead Darden and turn around Olive Garden.",
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      "text": "We lost the opportunity to turn around Red Lobster, but the Red Lobster transaction has:",
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      "text": "How has the Red Lobster transaction affected our investment thesis?",
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