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Takeaway: For whom does the bell toll? Darden's CEO Clarence Otis and his "management team."

Big news for beleaguered Darden shareholders today:

  • Activist investor Starboard has reportedly won a consent to call for a special meeting of Darden Restaurants shareholders.

'Generational Buying Opportunity' at Darden Just Got One Step Closer | $DRI - penney

The company has been and remains under intense pressure from a number of activist investors over the last year.

If you've been following this shareholder saga at all, you already know that Hedgeye's Howard Penney has been leading the charge to oust Darden's wayward management and unlock shareholder value.

Clarence Otis' hot seat just got hotter...


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