Jim Nuetzi has a lot on his plate: reinventing a stale pasta menu that can boost sales and help get activist investors off his bosses’ back.
Darden Restaurants Inc. fell the most in more than nine months after first-quarter profit trailed analysts’ estimates amid declining sales at its Olive Garden and Red Lobster chains.
"We have met with many Darden shareholders who support new perspectives but also recognize the risks of the total turnover and control that Starboard is seeking."
- Olive Garden on Sep 25, 2014
Stephen Anderson, Ivan Feinseth on Darden (Audio)