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  "documentTitle": "Darden Restaurants, Inc. (DRI)",
  "authorId": "03_Starboard_Value",
  "authorName": "Jeffrey C. Smith",
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  "presentationDate": "2014-09-11 00:00:00",
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  "notes": "Uses a 'before-after' framing to suggest a specific turnaround strategy based on historical precedent.",
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      "text": "We believe Darden's current challenges highlight an opportunity to execute a turnaround very similar to Brinker",
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      "text": "We believe Darden’s current challenges highlight an opportunity to execute a turnaround very similar to Brinker",
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      "text": "EBITDA margin: 7.3%",
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      "text": "Management has lost focus on operational excellence and driving shareholder value, opting instead to spend capital to drive unit growth and add non-core brands.",
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      "text": "Source: Capital IQ and Brinker presentation. (1) Brinker comparable sales for 13 week period ended March 24, 2010.",
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      "text": "Comparison of Brinker and Darden operational metrics and proposed actions",
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