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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

Darden CEO, chairman stepping down

Darden Restaurants Inc. on Monday said Clarence Otis Jr. would be stepping down this year from both the chairman and chief executive roles of the casual-dining operator. Orlando, Fla.-based Darden’s board appointed lead independent director Charles A.
Posted: July 29, 2014, 3:22 pm

Darden CEO has too much on his plate: critics

Critics charge that Clarence Otis Jr., who heads the corporate ... faces a brewing battle with shareholders over gripes about governance. Otis, who as chairman and CEO of Darden Restaurants is currently sparring with investors over his controversial ...
Posted: May 13, 2014, 7:47 pm

CEO Interview: Darden Restaurants' Clarence Otis Jr.

Olive Garden's troubles are a rare case of indigestion for Darden and the firm's boss, Clarence Otis Jr. Since Otis took the helm in late 2004, Darden has revived its other big eatery, Red Lobster; bought other chains (LongHorn Steakhouse, The Capital ...
Posted: January 2, 2012, 5:49 pm

Akerman LLP Announces Proposed Settlement of Shareholder Actions in the In re Darden Restaurants, Inc. Shareholder Litigation

Clarence Otis Jr., et al., Case No. 3024-VS-009926-O (the "Shareholder Derivative Action"), and the above-captioned consolidated shareholder class action, styled In re Darden Restaurants, Inc. Shareholder Litigation, Case No. 2014-CA-003712-O (the ...
Posted: April 22, 2015, 6:07 am

Taxpayers Subsidize Restaurant Pay

Among full-service restaurants, the company that had enjoyed the largest CEO pay subsidy was Darden. Then-CEO Clarence Otis, Jr. took in nearly $9 million in fully deductible "performance pay" over the years 2012 and 2013. That works out to a more than $3 ...
Posted: April 21, 2015, 7:28 am
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