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  "documentTitle": "Darden Restaurants, Inc. (DRI)",
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  "authorName": "Jeffrey C. Smith",
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  "presentationDate": "2014-09-11 00:00:00",
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  "notes": "Uses a combination of a table for bonus history and a comparative performance table to highlight the misalignment between pay and performance.",
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      "text": "From 2007 to 2012, Darden’s stock price underperformed its Proxy Peer Group by over 40%",
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      "text": "This is a flawed peer group which was cherry-picked by management.",
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      "text": "Darden’s aggressive spending on acquisitions and capital expenditures allowed the CEO to receive bonus awards that averaged approximately 91% of his bonus targets from 2007 to 2012.",
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      "text": "While these decisions may have benefited CEO compensation, total shareholder returns were substantially below peers and the overall market.",
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      "text": "CEO bonus received: 91%",
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      "kind": "quote",
      "text": "“The Company has been deficient in linking executive pay to corporate performance” – Glass Lewis",
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      "text": "Source: Capital IQ. Notes (1)-(5) regarding data methodology.",
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      "text": "Percentage of Bonus Received Over Time: 2007-2012 data",
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      "text": "Darden’s significant capital spending allowed management to hit bonus targets despite poor shareholder returns",
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