Darden critics to CEO: Mind your own board


Darden Restaurants (DRI -0.9%) CEO Clarence Otis is on the hot seat again with critics harping on the amount of time the exec spends attending board meetings for companies other than Darden.

Otis earned close to $500K for sitting on the boards at Verizon and VF Corp. and all told had 76 board meetings outside of Darden that he was obligated to attend last year.

The busy schedule for Otis comes amid slumping sales trends at Darden's Red Lobster and Olive Garden chains.

What really has some shareholders steamed is that Darden paid to fly Otis to many of the outside meetings on the company's jets.

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Comments (3)
  • Adam Aloisi
    , contributor
    Comments (5208) | Send Message
     
    The old boys club at its best.
    14 May 2014, 03:57 PM Reply Like
  • ARG1
    , contributor
    Comments (1604) | Send Message
     
    This is an outrage!
    14 May 2014, 05:09 PM Reply Like
  • dowhatjd
    , contributor
    Comment (1) | Send Message
     
    The more these guys complain, the more the stock goes up!!! Fly away Otis!!!
    16 May 2014, 01:54 AM Reply Like
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