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Clarence Otis

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  1. Darden CEO steps down amid food fight with investors

    Headlines

    Mon, 28 Jul 2014

    (Reuters) - Darden Restaurants Inc's food fight with activist investors Barington Capital Group LP and Starboard Value LP entered a new phase on Monday, when the company said Clarence Otis would step down as chairman and chief executive officer.

  2. UPDATE 5-Darden CEO steps down amid food fight with investors

    Headlines

    Mon, 28 Jul 2014

    July 28 (Reuters) - Darden Restaurants Inc's food fight with activist investors Barington Capital Group LP and Starboard Value LP entered a new phase on Monday, when the company said Clarence Otis would step down as chairman and chief executive officer.

  3. UPDATE 3-Darden CEO to step down amid investor pressure, stock jumps

    Headlines

    Mon, 28 Jul 2014

    July 28 (Reuters) - Darden Restaurants Inc said on Monday that Clarence Otis would step down as chairman and chief executive officer, buckling under pressure from activist investors Barington Capital...

  4. Darden CEO Clarence Otis to step down

    Headlines

    Mon, 28 Jul 2014

    July 28 (Reuters) - Darden Restaurants Inc said Clarence Otis would step down as chairman and chief executive, buckling under pressure from activist investors Barington Capital Group LP and Starboard...

  5. CEO Departure, Starboard Nominees on Board Create Opportunity for Fresh Perspective at Darden

    Commentary

    Mon, 28 Jul 2014

    On Monday, no-moat Darden announced that chairman and CEO Clarence Otis will be stepping down, and the roles of chairman and CEO will be separated. Otis will serve as CEO until either his successor

  6. New Morningstar Analyst Report for Darden Restaurants Inc

    Stock Reports

    Tue, 8 Jul 2014

    promotions.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

  7. New Morningstar Analyst Report - Darden Restaurants, Inc.

    Stock Reports

    Fri, 26 Mar 2010

    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

  8. Darden has market share opportunities, but aggressive discounting among rivals is a concern

    Stock Reports

    Thu, 1 Oct 2009

    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

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