Will We See More Wholesale Board Changes Like Darden?
Last week, shareholder activism showed just how far it’s come when Starboard Value LP won a decisive proxy fight against Darden Restaurants, Inc. (NYSE:DRI)'a now-former management, replacing the entire board with its own nominees. Darden’s decision to sell Red Lobster earlier this year despite heavy shareholder opposition played a big role in the board’s replacement, but according to . . .
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