date:Jan 23, 2014
dgeable on these matters, as well as input from Darden shareholders.
On Dec. 19, Darden announced the comprehensive strategic review that included a tax-free spin-off or sale of Red Lobster, reducing new unit growth at Olive Garden and LongHorn Steakhouse, lowering capital expenditures and forgoing acquisitions of additional brands, increasing operating support cost savings, increasing return of capital to shareholders, and refining compensation and incentive programs.
Based on this review, we