olivegarden.com According to Starboard Value, these are "too long."
Starboard Value is a New York-based investment adviser that "invests in deeply undervalued small cap companies and actively engages with management teams and boards of directors to identify and execute on opportunities to unlock value for the benefit of all shareholders." In other words, this hedge fund is all about maximizing profits and cutting the fat. Or in this case, reducing the amount of unlimited breadsticks.
Recently, it released a close-to-300-page report on Olive Garden's parent company, Darden Restaurants Inc. and was rather vitriolic about the chain's interpretation of "Italian generosity." Conflicting issues like the hippie-like distribution of bread; use of "high-end" materials in their to-go bags and containers; the sale of burgers; and the length of straws, asparagus, and other traditionally long products.
And the real kicker: the stoppage of salting the pasta water.More »