Starboard Value's Jeffrey Smith has been one of the busiest activist investors over the last two decades, best known for his proxy fights in the restaurant space.
Darden shares saw a nearly 60% jump under Smith's activism, from October 2014 to April 2016.
After Darden, Smith sought a turnaround at pizza chain Papa Johns , taking a $200 million stake in the company and becoming chairman in 2019.
Smith took an activist stake in software company Salesforce last year.
The Starboard CEO was even active during the Covid pandemic, calling for changes at Humana, Kohl's, Mercury Systems and other companies.
Persons:
Jeffrey Smith, Smith, Darden, Papa, John Schnatter
Organizations:
Olive, Darden, Wharton grad, Mercury Systems
Locations:
New York