Monday, July 28, 2014

With Sale of Red Lobster Complete, C.E.O. of Darden to Step Down by MICHAEL J. DE LA MERCED



By MICHAEL J. DE LA MERCED


The chairman and chief executive of Darden Restaurants, Clarence Otis, said on Monday that he plans to step down, months after waging a heated battle with activist hedge funds opposed to his turnaround plans for the embattled company.


Published: July 28, 2014 at 4:00AM


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