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  "documentTitle": "Darden Restaurants, Inc. (DRI)",
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  "authorName": "Jeffrey C. Smith",
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  "notes": "Includes a callout box for 'Areas not quantified' to manage expectations.",
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      "kind": "callout",
      "text": "Areas not quantified: Consolidate and sublease corporate headquarters; Corporate jets along with other executive perks; Management bureaucracy / excess layers",
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      "text": "We estimate the opportunity to improve EBITDA through G&A efficiencies is $39 million or more.",
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      "text": "Reduce bureaucracy and create an ownership mentality to drive efficiency and focus on guest experience. Develop controls and instill a lean and efficient mentality among senior management. Elimination of entertainment and lavish G&A policies. Adopt industry best practices for executive perks, corporate office, and corporate car programs. Identify opportunities to eliminate, automate, consolidate, outsource, and re-engineer positions. Outsource non-core functions such as sales and order desk, collections, IT operations, A/R, A/P, and other support functions.",
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      "text": "9.5% of current G&A costs",
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      "text": "IT staff opportunity $3.5 million; Marketing staff opportunity $3.0 million; HR staff opportunity $4.0 million; Ops., admin, other support staff opportunity $25.0 million; Identified non-standard perks opportunity $3.5 million; Cumulative opportunity $39 million",
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