RSS feeds allow Web site content to be gathered via feed reader software. Click the subscribe link to obtain the feed URL for this page. The feed will update when new content appears on this page.

Clarence Otis

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

Top Clarence Otis Articles

Displaying items 1-12
  • Darden reports earnings as investor pushes for changes

    Darden reports earnings as investor pushes for changes
    Darden Restaurants reported earnings that beat analysts' estimates Friday as an activist investment firm trying to overthrow Darden's board unveiled a plan for turning the restaurant company around. Orlando-based Darden reported a loss for its first...
  • Starboard slams Darden for... homemade soup?

    Starboard slams Darden for... homemade soup?
    Darden and its Olive Garden chain (NYSE: DRI)are getting raked over the coals in the latest salvo by hostile investor Starboard Value LP. Oddly enough, Starboard’s criticisms slam the chain for poor food quality, but also for prepping too much...
  • Darden posts loss amid growing pressure from investor Starboard

    (Reuters) - Darden Restaurants Inc on Friday reported a quarterly loss, but its results were overshadowed by activist investor Starboard Value LP's revised plan to boost Darden's profit and stock price. Starboard, one of Darden's largest investors with...
  • Darden offers more concessions to activist investors

    Darden offers more concessions to activist investors
    Embattled Darden Restaurants offered Tuesday to replace eight of its 12 board directors as the company also warned about another weak quarter for Olive Garden. Darden Restaurants Inc. chairman Charles Ledsinger and seven other members have offered to...
  • Darden delays shareholder meeting amid proxy fight

     Darden delays shareholder meeting amid proxy fight
    Embattled Olive Garden parent Darden Restaurants Inc. pushed back its annual shareholder meeting 10 days, the company announced Thursday, amid a battle with activist investors. Darden Restaurants will now hold its annual shareholder meeting on Oct. 10,...
  • Activist fight will complicate search for new Darden chief

    Activist fight will complicate search for new Darden chief
    An activist investor's efforts to wrest control of embattled Darden Restaurants will make the search for a new CEO even more difficult, industry analysts say. Analysts and consultants following Darden's recent struggles say the company's Sept. 30 annual...
  • Redistricting challenge, Vietnam War, and Otis: Letters

    Redistricting challenge Florida's Republican Legislature created clearly illegal congressional districts and then moaned that fixing them would delay the upcoming election and cause all sorts of turmoil. Thus, lawmakers got what they wanted in the first...
  • Darden attacks Starboard: Erroneous, misleading, careless

    Darden attacks Starboard: Erroneous, misleading, careless
    Darden Restaurants attacked hedge fund Starboard Value in a lengthy letter to shareholders on Monday. The letter defends the sale of Red Lobster restaurants and labels Starboard’s criticism of the sale as erroneous, misleading and careless. Darden...
  • Darden Restaurants CEO Clarence Otis to resign

    Darden Restaurants CEO Clarence Otis to resign
    After two straight years of declining profits and mounting pressure from investors, embattled Darden Restaurants Chief Executive Officer Clarence Otis on Monday announced plans to resign by the end of this year. Otis is stepping aside at a tumultuous...
  • Darden to sell Red Lobster for $2.1 billion to Golden Gate Capital

    Darden to sell Red Lobster for $2.1 billion to Golden Gate Capital
    Darden Restaurant Inc. has agreed to sell its Red Lobster seafood restaurant chain to San Francisco private equity firm Golden Gate Capital for $2.1 billion, flouting the warnings of some of its shareholders. The all-cash deal — which activist...
  • Darden Restaurants to sell Red Lobster chain for $2.1 billion

    Darden Restaurants to sell Red Lobster chain for $2.1 billion
    Darden Restaurants Inc. has agreed to sell its Red Lobster seafood chain to San Francisco private equity firm Golden Gate Capital for $2.1 billion, flouting the warnings of some of its shareholders. The all-cash deal will allow Darden to focus more on...
  • 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...