Clarence Otis Jr Net Worth is12.9 $Million
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Birth Date: 1956/04/11
Occupation: CEO, Darden Restaurants
Clarence Otis, Jr. ( born April 11, 1956 in Vicksburg, Mississippi, USA) is an American businessman and CEO of Darden Restaurants. Otis was named the 11th most powerful person in Central Florida by the Orlando Sentinel in 2010.
Otis was born in Vicksburg, Mississippi on April 11, 1956 to Clarence Otis, a janitor and Calanthus Hall Otis, a homemaker. He moved with his family to Los Angeles where he grew up in Watts, at the height of the civil unrest of the 1960s.
He gained a scholarship into Williams College in Massachusetts, where he majored in Economics and Political Science. He graduated magna cum laude in 1977, receiving the school's Political Science writing prize and Phi Beta Kappa recognition in his senior year. Otis then moved on to Stanford University Law School in California, earning his Law degree in 1980.
He worked in the field of corporate law, specializing in the fields of securities law and mergers and acquisitions. He started out with the firm Donovan, Leisure, Newton & Irvine and moved on to Gordon, Hurwitz, Butowsky, Weitzen, Shalov & Wein. From the start he ran with a high-flying crowd; one of his clients was famed financier Carl Icahn. But, he later on remarked, "I thought the finance side was more exciting than the law, so I moved to an investment banking firm"a??Kidder, Peabody & Co. The barely 30-year-old Otis became a vice president at First Boston Corporation in 1987. In this job he got his first exposure to Florida's booming economy as he worked on real estate deals there. He became interested in public and government finance, serving as managing director of Giebert Municipal Capital in 1990 and 1991, and as a vice president and later managing director in Chemical Bank's securities arm between 1991 and 1995. He played a key part in turning around the bank's struggling public finance division, shepherding funding of $2.6 billion for tax-exempt pollution-control projects and participating a $208 million New York City bond issue that w

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Clarence Otis Jr Latest News

Lynden Otis Otis Rolle Jr

Last rites for Lynden Otis Rolle Jr., age 22 of Stapledon ... Vontinette(favorite cousin),Rufus Jr., Javon & Kevinya Polhemus Stepmother: Janet Parker Adopted mother: Cecilia Newry Adopted brother: Clarence Newry 111Godfather: George Rolle Godmother ...
Posted: May 12, 2016, 5:00 pm

VZ.F on Frankfurt Stock Exchange

Mr. Clarence Otis, Jr. is Independent Director of Verizon Communications Inc. He was Chairman (from 2005 to 2014) and Chief Executive Officer (from 2004 to 2014) of Darden Restaurants, Inc., the largest company-owned and operated full-service restaurant ...
Posted: April 26, 2018, 5:00 pm

Battle Over Darden Leaves Little Room for Compromise

Can Clarence Otis Jr., the chief executive of Darden Restaurants, save himself by cutting off his claws? That’s the question raised by the announcement that Darden, which owns the Red Lobster and Olive Garden chains, plans to sell Red Lobster for $2.1 ...
Posted: May 21, 2014, 9:03 am
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