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  "documentTitle": "Darden Restaurants, Inc. (DRI)",
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  "authorName": "Starboard Value",
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  "notes": "Uses a quote from Yogi Berra to frame the repetition of history.",
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      "text": "1. Extremely strong brand image\n2. High AUV\n3. Great restaurant-level margins\n4. Brand experiencing decline in traffic due to poor execution\n5. Darden introduces an extensive remodel program to drive traffic without fixing the restaurant experience first\n6. Darden introduces a new logo\n7. A few years later, management and the Board give up on the brand and, we believe, destroy value via the sale to Golden Gate Capital",
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      "text": "1. Extremely strong brand image\n2. High AUV\n3. Great restaurant-level margins\n4. Brand experiencing decline in traffic due to poor execution\n5. Darden introduces an extensive remodel program to drive traffic without fixing the restaurant experience first\n6. Darden introduces a new logo\n7. ???",
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      "text": "Why should shareholders stand by and watch the board members who are among those most responsible for this value destruction potentially oversee the SAME destruction of another iconic American casual dining brand?",
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      "text": "As beloved former Yankees catcher Yogi Berra said, “It’s like déjà vu all over again” – Darden’s current strategy to fix Olive Garden is the exact same strategy Darden used for Red Lobster before management seemingly gave up on Red Lobster!",
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