activity.Darden's commitment to dividends and share repurchases could lift longer-term shareholder returns. Clarence Otis was appointed CEO in November 2004 and chairman in November 2005 after a decade-long tenure at Darden. In fiscal
slightly greater than in 2012, it was well well under the median 25% shareholder return for the companies looked at. Clarence Otis of Darden Restaurants ( DRI ), which is a focus of investor activism, saw his pay drop 24% even as returns increased
Barington Capital says it has lost confidence in the ability of Darden Restaurants ( DRI +0.4% ) CEO Clarence Otis to guide the company. The investment firm wants a new CEO and an independent chairman at Darden along with more aggressive spinoff moves. Post your comment!
only mode. Today's conference is being recorded. Thank you, Shirley. Good morning, everyone. With me today are Clarence Otis , Darden's Chairman and CEO; Gene Lee, Darden's President and COO and Brad Richmond, Darden's CFO. We welcome
contributions from approximately 200 new restaurant openings ( predominately Olive Garden and LongHorn Steakhouse units ) . Clarence Otis was appointed CEO in December 2004 and chairman in November 2005 after serving as the president of the discontinued
Hospitality acquisition helped boost top-line growth to 19% in fiscal 2008, followed by 9% growth in fiscal 2009. Clarence Otis was appointed CEO in December 2004 and chairman in November 2005 after serving as the president of the discontinued