Activist investor Barington Capital Group LP pressed the board of Darden Restaurants Inc. on Thursday to separate the company’s chairman and chief executive roles as it continued to push for more changes at the Red Lobster-Olive Garden parent. Clarence Otis has held both titles at Orlando, Fla.-based Darden since 2005, and his management offered a plan in December to sell or spin off of the 705-unit Red Lobster chain. Barington, which represents more than 2 percent of Darden shares, ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!
Questions about your account or how to access content?
Contact: Desiree Torres Desiree.Torres@penton.com