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Clarence Otis

A collection of news and information related to Clarence Otis published by this site and its partners.

Top Clarence Otis Articles

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  • Darden rule changes come under fire

    Darden rule changes come under fire
    Recent additions to Darden Restaurants' bylaws mean the company can now delay its annual shareholders meeting and make it tougher for unhappy investors to push for changes, experts say. Starboard Value, an activist investment firm trying to halt...
  • Hedge fund calls for new CEO at Darden

    Hedge fund calls for new CEO at Darden
    A hedge fund that has been putting pressure on Darden Restaurants called for the ouster of CEO Clarence Otis on Wednesday, saying the company needs a leader with stronger operating experience in the restaurant industry. Barington Capital Group wrote...
  • Darden reports lower third-quarter profit, sales

    Darden reports lower third-quarter profit, sales
    Darden Restaurants on Friday reported an 18 percent drop in third-quarter profit, while telling analysts Red Lobster is offering fewer discounts and that Olive Garden's new menu has been winning positive reviews from customers. Earlier this month,...
  • The 10 Most Powerful People in Central Florida

    The 10 Most Powerful People in Central Florida
    On Sunday, we unveiled the first part of "The 25 Most Powerful People in Central Florida." It featured a mix of corporate leaders, three members of Congress, two rabble-rousers and one well-known judge. Today, we unveil the top 10 as we finish up...
  • Darden will spin off or sell Red Lobster, stop expanding Olive Garden

    Darden Restaurants Inc. said it would separate itself from its Red Lobster business while halting expansion at Olive Garden and stopping acquisitions “for the foreseeable future.” Orlando, Fla.-based Darden has struggled recently along...
  • Florida's slimming down? People in the trenches deserve credit

    Florida's slimming down? People in the trenches deserve credit
    Before Michelle Obama planted a garden at the White House and dropped a hip-hop album about healthy eating ... before Clarence Otis pledged to reduce sodium at Olive Garden and Red Lobster ... and before Beyonce made an exercise video for kids......
  • The 25 Most Powerful People in Central Florida

     
    Over two days, we revealed this year's list of “The 25 Most Powerful People in Central Florida” — as chosen by a panel of¬†leaders from the business, nonprofit and political communities. Below is the full list of 25¬†- with nutshell...
  • Darden's Olive Garden, Red Lobster sales disappoint

    Darden Restaurants Inc.’s efforts to spruce up Olive Garden’s lagging sales, including national promotions and cost cuts, were “less effective than anticipated,” the company said while announcing its fiscal fourth-quarter...
  • 25 most powerful people in Central Florida

    25 most powerful people in Central Florida
    They control some of the largest work forces in town. They can affect your health care, your daily commute, even your kids' education. Some of them have direct lines to the White House. They are Central Florida's power players. And you deserve to...
  • Darden missteps, 'Obamacare' flap dent Olive Garden owner's profit

    Darden missteps, 'Obamacare' flap dent Olive Garden owner's profit
    Darden Restaurants Inc.’s second quarter was far from appetizing, as the owner of Olive Garden and Red Lobster watched its net income plunge 37%. The Orlando, Fla., restaurant company saw the sour numbers coming. Earlier in December, citing a...
  • Petition calls out restaurant execs on 'Obamacare' [Google+ Hangout]

    The same day that Olive Garden parent Darden Restaurants Inc. said it will not bump down existing full-time workers to part-time status to skirt healthcare costs, a petition calling on the company’s chief executive to clarify his position is gaining...
  • Olive Garden parent Darden's earnings slip 28%

     
    low sales at Olive Garden push Darden's earnings down 28%...