Not even a year ago, the activist hedge-fund investors at Starboard Value were making headlines with their 300-page report criticizing Olive Garden management for being wasteful with the free breadsticks, overly generous with the salad dressing, and not selling enough booze. Since then, Starboard has ousted board members at Olive Garden parent company Darden Restaurants and replaced them with their own nominees who have ushered in menu changes like turning those breadsticks into sandwiches. In an attempt to ground the new board members’ decisions in the real world, they all got to spend an evening on the foodservice front line. [More]
More Breadsticks Please
“Italian Generosity” Means Olive Garden Will Give You As Many Breadsticks As It Wants – Thank You Very Much
The first thing to come to mind when I think of Olive Garden isn’t pasta, it’s breadsticks. Baskets of free, buttery bread – I mean they are practically the cornerstone of the restaurant. So when an investor to the company proposed the idea that maybe the O.G. shouldn’t so willingly, or liberally hand out the carb-filled sticks, we were a little shocked. But fear not, the restaurant wants customers to know that they can still have as many free sticks as they want, because, you know, “Italian generosity” is a thing. [More]