Darden Restaurants has tapped a company insider to take the helm of the Olive Garden parent just four months after an activist investor replaced its entire board.
With sliding sales, problems around the world, and a CEO dropped after less than three years on the job, pressure is mounting. Some believe the Big Mac could soon be a target for activist investors, who enjoyed a string of victories last year.
A new report details the eye-popping numbers surrounding activist campaigns in 2014, which reached new heights and targeted bigger companies than ever.
The juice giant added an activist hedge fund manager with history of shaking things up to its board. What does this mean for Jamba’s future?
A photo of the hedge fund boss, accompanying a recent Bloomberg profile, ignited a flurry of conspiracy theories. They were almost certainly all wrong.
Activist investing exploded this year, from Olive Garden to Sotheby’s and everything in between. Here’s a look at how companies targeted by activist hedge funds performed in the market after the fact.
Prominent investor Whitney Tilson did not like his experience with the Hertz counter at the San Francisco airport, so he did something about it. Here’s a look at how a few complaint emails from a “well-known shareholder” gets results.
This years’ staggering surge in mergers and acquisitions, with activist investors leading the charge, faces the threat of quantitative easing coming to an end. Will the deal pipeline slow as a result?
Today, Bill Ackman’s Pershing Square made a cool $2 billion with the sale of botox-maker Allergan to Actavis, another pharmaceutical company. But this outcome, although an incredibly lucrative one, isn’t what Pershing Square actually wanted.
Dan Loeb has moved from the pen to the screen with Third Point’s new video aimed at Dow Chemical, a target of the hedge fund. It reads just like an attack ad from a heated political race.
The hedge fund titan has had a number of larger than life quotes attributed to him over the years, and this weekend brought even more. It appears we have reached peak Ackman.
The drug store behemoth is out to acquire all of the UK’s Alliance Boots, forming one of the world’s largest pharmacy companies. But its former CFO just lobbed serious accusations at the company, which has left it scrambling to clean up its image.
Pershing Square Capital has orchestrated one of the biggest turnarounds in railroad (and, arguably, corporate) history. Now, as the question of rail mergers looms large, here’s a look back at how the hedge fund pulled it off and raked in billions.
Darden Restaurants did just that, and in a shockingly swift and public fashion. Here’s a look at just how the board of the casual dining giant and parent to brands like Olive Garden and, until recently, Red Lobster, pulled it off.
In what was almost a foregone conclusion in the days leading up to the Darden annual shareholder meeting, Jeff Smith’s Starboard Value successfully replaced all 12 of its board members.
Darden Restaurants must be dying for 2014 to end.
The outgoing CEO and two top executives of Darden Restaurants stand to receive a total of $68 million over the next two years. Meanwhile, tipped employees of Olive Garden receive $2.13 per hour.
As the heated battle between Darden Restaurants and hedge fund Starboard Value comes to a head, an Olive Garden employee representing the restaurant’s workers spoke exclusively to BuzzFeed News about what life at the chain is really like. “There are things that need to change.”
The activist hedge fund grabbing headlines recently for its engagement with Olive Garden took a “significant” stake in Yahoo and sent a letter to CEO Marissa Mayer encouraging her to consider a possible merger with AOL.
One of two leading leading proxy advisory firms has recommended shareholders of Olive Garden parent Darden replace the entire board with activist hedge fund Starboard Value’s slate of 12 nominees. The news comes as Starboard is preparing to meet with Darden employees who have threatened direct action ahead of next month’s annual shareholder meeting.
A petition started by an Olive Garden employee to force Darden and Starboard Value to listen to workers’ concerns over layoffs and wages has gathered nearly 7,000 signatures.
Starboard Value’s meticulously detailed takedown of Olive Garden, which claims the restaurants gives away too many free breadsticks, overuses salad dressing, and doesn’t salt the water before cooking its pasta, made it to Last Week Tonight With John Oliver.
Four days after an activist hedge fund released an eviscerating analysis on the state of Olive Garden restaurants, claiming it was giving away too many breadsticks and doesn’t salt the water before cooking its pasta, among other things, parent company Darden responds.
Boatloads of breadsticks, too much salad dressing, false wait times, excessively long asparagus, and other grievances of an activist hedge fund gunning for change at the pasta powerhouse.
The struggling car and equipment rental giant ceded three seats to the hedge fund titan just three days after its CEO stepped down.
A second activist hedge fund has bought up a large stake in the struggling language-learning company. Here’s why the two activists say change is needed — and fast.
The car and equipment rental giant had faced pressure from a number of large activist investors to change its management in recent months.
Eminence Capital is known for buying stakes in companies with the intent of forcing a deal or change of control. But Zynga’s stock ownership structure makes the success of such a play unlikely. So what is Eminence up to?
The parent company of Olive Garden, Longhorn Steakhouse and other fast casual dining chains delayed its annual shareholder meeting amid allegations it was giving different information out to different classes of investors regarding the sale of Red Lobster. Activist investor Starboard Capital isn’t happy with the move.
Bill Ackman likes to position himself as making investments that are “good for America,” and while he admits that some of his 30 activist campaigns have cost jobs, he believes he is ultimately a job creator.