Starboard Value just kills it. Most of their projects work out at least pretty well, gaining board seats and changing companies. It defied the odds to turn Darden into a winner. Its AUM has soared in its short history, topping $4 billion recently.
It does all this in part as an innovator. It promoted non-binding shareholder proposals as way of gaining leverage at Darden. It figured out how to threaten Yahoo after many others had failed. In a current blog post, we profile its novel approach to an activist situation at semiconductor maker Marvell Technology.