date:Jul 30, 2014
. He had asked Darden to split the chairman and CEO roles and agitated for Otis to be replaced.
This board has a history of repeatedly making the easy decision, rather than the decision that is best for shareholders, Jeffrey Smith, Starboard's CEO, said in a statement.
Darden needs a majority change to the board as soon as possible to jumpstart and complete the process of recruiting a truly great leader, Smith added.
Starboard owns about 5.5 percent of Darden's shares. Barington represents a