Tuesday, October 9, 2012

Boycott ALEC Member Darden Restaurants

Bob McAdam, Darden Restaurants, Inc.



The Darden family of restaurants features some of the most recognizable and successful brands in full-service dining:
Red Lobster,
Olive Garden,
LongHorn Steakhouse,
The Capital Grille,
Bahama Breeze,
Seasons 52 and
Eddie V's.

employ 180,000 people and
serve more than 400 million meals a year.

2012 Annual Report (my emphasis)

As we look forward, we believe that over the next five years we have the opportunity to increase our annual revenues by $3 billion to $4.5 billion

Olive Garden’s total sales were $3.58 billion, up 2.5 percent from fiscal 2011.

Red Lobster’s total sales were $2.67 billion, a 5.9 percent increase from fiscal 2011.

LongHorn Steakhouse’s total sales were $1.12 billion, up 13.5 percent from fiscal 2011.

2011 Annual Report (my emphasis)
Net earnings from continuing operations for fiscal 2011 were $478.7 million, a 17.6 percent increase from net earnings from continuing operations of $407.0 million in fiscal 2010.

From HuffPo
NEW YORK — The owner of Olive Garden and Red Lobster restaurants is putting more workers on part-time status in a test aimed at limiting costs from President Barack Obama's health care law.

Tsk - tsk
Darden Restaurants - member of the American Legisative Exchange Council  ... 
I wonder which task force they worked on?
I wonder if they helped write the ALEC publication "A Legislators Guide to Repealing Obamacare"?

For the second straight year that truth has once again been confirmed with FORTUNE magazine’s recognition of Darden as one of the "100 Best Companies to Work For" in America.

I wonder if Mr. Bob McAdams
– Past ALEC Profit Sector Board Member

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