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Management Change

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  • Darden CEO steps down amid food fight with investors

    (Reuters) - Darden Restaurants Inc's food fight with activist investors Barington Capital Group LP and Starboard Value LP entered a new phase on Monday, when the company said Clarence Otis would step down as chairman and chief executive officer.
  • Darden Restaurants CEO Clarence Otis to resign

    Darden Restaurants CEO Clarence Otis to resign
    After two straight years of declining profits and mounting pressure from investors, embattled Darden Restaurants Chief Executive Officer Clarence Otis on Monday announced plans to resign by the end of this year. Otis is stepping aside at a tumultuous...

    Jalinier departs in Renault F1 management change

    SILVERSTONE England (Reuters) - Renault announced management changes at their Formula One operation on Thursday with president and managing director Jean-Michel Jalinier taking retirement and his job split in two. Cyril Abiteboul, who was principal of...

    More Details on GM's Latest -- and Largest -- Ignition-Related Recall

     
    Today's GM recall encompassed 7.55 million cars in the U.S. and another 893,547 cars outside the country. About 97 percent stem from inadvertent rotation of the ignition key across a slew of 1997-2014 models, which sounds similar to the ignition-switch...

    More Details on GM's Latest Ignition-Related Recall

     
    On June 16, GM issued its second major ignition-switch recall, which affects 3.16 million larger cars in the U.S. ??? the 2005-2009 Buick LaCrosse, 2006-2011 Lucerne and 2005 Regal; the 2000-2005 Cadillac DeVille and 2004-2011 DTS; and the 2006-2008...