Seeking Alpha

Darden's board still on the hot seat

  • Barrington Group calls the current plan by Darden Restaurants (DRI) to create more shareholder value both incomplete and inadequate.
  • In the past, the stakeholder has called for major changes at Darden - including a spinoff of assets into a REIT or more spinoffs of brands other than just Red Lobster.
  • Many restaurant industry analysts think Darden's board is still on the hot seat with activist investors.
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