An investor has some suggestions for how Olive Garden can improve its performance, down to the way it rations its unlimited breadsticks.
In a nearly 300-page document, Starboard Value criticizes parent company Darden Restaurants Inc. for its management of the Italian restaurant chain. Starboard is hoping to gain control of Darden’s board with the election of its own nominees next month. Darden Restaurants says it’s reviewing Starboard’s plan but notes it’s already implementing a plan to improve financial results.
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