Flashback | Darden CEO Clarence Otis Is Bear Case and Needs to Go Says Hedgeye's Penney

In early March, Hedgeye Restaurants Sector Head Howard Penney sat down with CEO Keith McCullough to discuss embattled restaurant company Darden and why its CEO must go. This afternoon, it was announced that CEO and Chairman Clarence Otis is stepping down and that Darden is changing its corporate policies to split the chairman and CEO roles. Shares are up almost 5% after-hours on the news.

  • Investing Ideas

    Investing Ideas is for the savvy, longer-term self directed investor looking for fresh, exciting, long-only opportunities.

    $29.95 per month
  • Daily Trading Ranges

    Every morning, you'll receive our proprietary buy and sell levels on major markets, commodities and currencies.

    $29.95 per month
  • Real-Time Alerts

    Receive email alerts every day in real-time whenever our proprietary model flashes a Buy or Sell signal.

    $29.95 per month
  • Morning Newsletter

    An irreverent, smart and unique take on global macro events including markets, the economy and politics.

    $29.95 per month