Starboard CEO: Darden 'egregious' corporate governance record

10:15 AM ET Thu, 22 May 2014

Starboard nominated a full slate of 12 candidates to Darden's board. CNBC's David Faber speaks to Jeffrey Smith, Starboard Value CEO, about the fight to take over Darden. Smith says Darden's plan to separate Red Lobster was flawed and the wrong idea. The board continues to make decisions that destroy shareholder value, says Smith.