TOMORROW — Day Before Darden’s Annual Shareholder’s Meeting, “Dignity At Darden” Rally for Livable Wages at Starboard Value HQ
Starboard Value, Activist Hedge Fund and Darden Shareholder, Likely to Take Control Over Darden’s Board, Recently Proposed Major “Labor Cost” Cuts to Olive Garden
New York, NY — Tomorrow, approximately 75 people are expected to participate in a direct action at the headquarters of Starboard Value, a major shareholder in Darden Restaurants Inc.
WHEN: Thursday, October 9th, 1:00 pm
WHERE: Starboard Value HeadQuarters, 777 3rd Ave, New York, NY
WHO: Approximately 75 restaurant workers, faith leaders, and community activists
WHAT: Rally and series of speak-outs
One of two leading leading proxy advisory firms has recommended shareholders of Olive Garden parent Darden replace the entire board with Starboard Value’s slate of 12 nominees. Starboard Value recently proposed several labor cost cuts to Olive Garden, including laying off up to 1,600 employees, increasing part-time scheduling, and passing more work onto subminimum wage employees.
In response to mounting pressure from Darden employees and their petition, “Darden: We Want a Seat at the Table,” which now has more than 7,000 signatures, Starboard offered to meet with Steve Gazzo, the 6 year Olive Garden veteran who started the petition, but has to date failed to follow-through on its offer. Dignity at Darden members offered to convene and host a conference call with Starboard Value leaders but received no response from the company.
The Dignity At Darden campaign is a national community of current Darden restaurant workers and their supporters who agree that through raising industry standards at Darden, the largest full-service restaurant company in the word, the entire restaurant industry will be forced to improve their labor practices and provide livable wages.
Darden Restaurants Inc., parent company to Olive Garden, Longhorn Steakhouse, The Capital Grille, Yard House, Bahama Breeze, Seasons 52, and Eddie V’s, is the largest full-service restaurant company in the world.
Co-founded by leading workers’ rights advocate, Saru Jayaraman (“One of the top 50 most influential people in the restaurant industry” – Nation’s Restaurant News), ROC United has grown to over 13,000 members across 26 cities in the US, winning 15 worker-led campaigns, totaling $8 million in stolen tips and wages.