Restaurant Finance Watch: Starboard's Jeff Smith upends activist investor game

Restaurant Finance Watch: Starboard's Jeff Smith upends activist investor game

NRN editor and restaurant finance expert Jonathan Maze breaks down what you should be watching in the industry this week. Connect with him on the latest finance trends and news at @jonathanmaze and [email protected] RELATED: • Analysts cautious on new Darden board's plans • Darden board ousted • More restaurant finance news

It’s difficult to overestimate the significance of Starboard Value L.P.’s victory in its proxy fight against Darden Restaurants Inc.

In October, Darden shareholders voted to approve all 12 nominees from Starboard over a slate from the company. The shutout has sent ripples through corporate America.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish