Few phrases send chills up a CEO's spine like "activist shareholder." In the past year, investment funds such as Elliott ...

Baldor Specialty Foods named David McInerney its new president. McInerney, former CEO and co-founder of FreshDirect, brings ...

Clarence Otis Jr., a former CEO of Darden Restaurants DRI, told CNN the struggling chains "got dated in terms of their menu offering, the look and feel of the restaurants, and how they reach ...

Restaurant industry icons where Americans went out for decades for wings, dinner, and celebrations are facing a crisis.

"These brands got dated in terms of their menu offering, the look and feel of the restaurants, and how they reach consumers," said Clarence Otis Jr., the former CEO of Darden Restaurants, which owns ...