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Clarence Otis Jr
Clarence Otis Jr Net Worth is 12.9 $Million. 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. Clarence Otis, Jr. ( born April 11, 1956 in Vicksburg, Mississippi, USA) is an ...

Clarence Otis Jr Net Worth is 12.9 $Million.

Clarence Otis Jr Net Worth is 12.9 $Million. Clarence Otis, Jr. is an American businessman and CEO of Darden Restaurants. Otis was named the 11th Clarence Otis, Jr. 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, ...
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Clarence Otis Jr Latest News

Black CEO One of Four on Fortune 500

Ed Gordon talks with Clarence Otis, Jr., CEO of the Darden Corp., which owns restaurants including Red Lobster and the Olive Garden. Otis is one of only four black CEOs of a Fortune 500 company. FARAI CHIDEYA, host: I'm Farai Chideya, and this is NEWS AND ...
Posted: April 11, 2006, 2:00 am

Darden CEO has too much on his plate: critics

Board seats are like breadsticks at the Olive Garden: Sooner or later, you have to say, “Enough.” Critics charge that Clarence Otis Jr., who heads the corporate parent of Olive Garden and Red Lobster, has overloaded his plate with duties at other ...
Posted: May 13, 2014, 3:43 am

This Is Exactly How Bad Things Have Gotten for Red Lobster

Darden CEO Clarence Otis Jr. offered a clue as to who those core customers might be. Hint: they're "more financially secure." "At Olive Garden," he explained during a recent investor call, "we had 11% more visits last year, fiscal 2013, from guests with ...
Posted: May 17, 2014, 1:50 am

CEO Interview: Darden Restaurants' Clarence Otis Jr.

Olive Garden goes through literally tons of mozzarella and Parmesan each week, but Gorgonzola, it seems, was a cheese too far. In 2011 the chain, which makes up 45 percent of the sales for DRI, +0.40% introduced "culinary forward" dishes -- most notably ...
Posted: January 2, 2012, 12:49 am

Jim Cramer's Favorite Restaurant Stocks

CEO Clarence Otis, Jr. said earnings are expected to go higher because high gas prices (which act like a tax on the consumer) are coming down. Cramer likes this restaurant group because of the decline in WTI crude prices. When gas prices are high ...
Posted: September 7, 2011, 5:47 am
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