Clarence Otis Steps Down

Darden Restaurants took the next step in its plan to fend off a pair of activist investors by announcing the resignation of its chairman and CEO, Clarence Otis. It is also giving those activists three seats on the board.

El Pollo Loco Has A Crazy Debut

El Pollo Loco didn't just have a strong debut on Wall Street. It had a phenomenal second day of trading, giving it a two-day performance of nearly 130 percent. That puts its IPO on par with last year's strong offerings from Potbelly and Noodles.

Darden Completes The Red Lobster Sale

Any faint hope that Darden Restaurants would change its mind and not sell Red Lobster has been dashed today. The Orlando-based casual dining giant that it completed the sale of the seafood chain.

Sardar Biglari Is Really Well Paid

How much is Sardar Biglari worth? More than most restaurant CEOs, apparently. The San Antonio investor and chairman of Biglari Holdings is one of the most well paid restaurant CEOs in the country, according to a list by the Economic Policy Institute.

Carrols Buys More Burger Kings

Carrols Restaurant Group today announced plans to buy 21 more locations in the Rochester, New York area for an undisclosed sum. That, plus a pair of other deals, signals that the franchisee is in a big acquisition mode.


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