Darden is object lesson in corporate governance

By on Oct, 15 2014 with Comments 0

meetingForget about the board, and think instead about the plank. That’s because the entire slate of directors at Darden Restaurants was forced to walk it, and we’d guess it was portside, since Starboard Value is the group that instigated the action.

Starboard was cited as an “activist shareholder” by Fitch, and its activism was rewarded in spades as it put all 12 of its candidates on the Board in a Friday 10/10/14 election.

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