Olive Garden challenges hedge fund

On Friday, a hedge fund criticized Olive Garden for wasting money on items such as bread sticks and to-go containers in a 294-slide presentation.

And now, the restaurant’s parent company, Darden, has responded with its own presentation, reports Business Insider.

The collection of 24 slides, adds the outlet, was designed to respond to several points made last week by Starboard Value LP. Regarding the breadsticks, for example, Darden’s claimed the amount offered to diners inspires loyalty and “conveys Italian generosity.”

Read more about the slideshows.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.