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Olive Garden

How Olive Garden Is Boosting Sales

Olive Garden is kicking the habit of luring customers by offering big discounts. But don't worry, never-ending pasta isn't going anywhere.

Olive Garden Parent Gets New CEO

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.

Here's Why Activist Investing Isn't Going Away

A new report details the eye-popping numbers surrounding activist campaigns in 2014, which reached new heights and targeted bigger companies than ever.

What Happens To Your Stock When A Hedge Fund Takes Over

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.

Red Lobster's Comeback Plan: More Lobster

The seafood chain, recently sold to private equity firm Golden Gate Capital, plans to revamp its new menu to focus more on its namesake. For diners, it means more surf, less turf.

How To Lose A Board In 10 Months (And 7 Easy Steps)

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.

Hedge Fund Wins Entire Board Of Olive Garden Parent

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.

A $68M Farewell For Olive Garden Parent CEO And Two Execs

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.

Every Member Of Olive Garden Owner's Board Should Be Replaced, Says Adviser

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.

Investors In Olive Garden's Parent Company Have Suffered Long Enough Declares Hedge Fund As Annual Meeting Is Delayed

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.

Why The Craziest Annual Meeting Ever Could Go Down Next Month

A lame duck CEO, a swift sale of Red Lobster without shareholder approval, and two hedge funds out for the entire board should make the Darden annual meeting in Orlando next month quite the spectacle. So. Much. Drama.

Darden Chairman And CEO Will Step Down As Red Lobster Sale Closes

Darden Restaurants announced late Monday that CEO Clarence Otis will be stepping down after 10 years with the fast casual dining giant. His departure follows the company's sale of Red Lobster to private equity firm Golden Gate Capital.

High Cost Of Shrimp And Lack Of Customers Lead To 18% Earnings Drop For Red Lobster Owner

The company said in an earnings call Friday morning that the quarter was "challenging," especially at Red Lobster, which the company is trying to spin off. Darden's CEO also urged shareholders to communicate with the company instead of holding a special vote on the spin-off or sale that an activist hedge fund has been fighting for in recent months.

What Went Wrong For Olive Garden And Red Lobster

The hedge fund Barington Capital Group is mounting a campaign to break up the parent company of Olive Garden and Red Lobster, Darden Restaurants, in part because of the abysmal performance of those two chains. Here's a look at how they fell so far so fast.

What 2,000 Calories Actually Looks Like

As translated into bagels, burritos, and more. This will come in handy if you ever decide to subsist on chicken nuggets alone.

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