20150216-NEWS--1-NAT-CCI-CL_-- 2/13/2015 4:46 PM Page 1 $2.00/FEBRUARY 16 - 22, 2015 Cavaliers are taking beacon technology to creative levels with help of their new mobile app — P. 5 As Winking Lizards knows, Medical Mutual gives its employees incentives to support clients — P. 7 Activist investors are staking their claim Shareholders are playing SANDVICK ARCHITECTS an increasingly strong When The Foundry opens this fall, it is expected to be a popular gathering place for the Northeast Ohio rowing community. role in company actions By RACHEL ABBEY McCAFFERTY
[email protected] FLATS’ MOMENTUM BUILDS To the public, shareholder activism in re- cent years may best be represented by unsea- soned pasta water. The Foundry, a $9 million project, will be a year-round home for rowers Starboard Value LP last year made head- lines when it waged a public proxy campaign By STAN BULLARD against Darden Restaurants Inc., the owner of
[email protected] restaurant chains including Olive Garden. Starboard succeeded in replacing Darden’s Columbus Road in the Flats is about to board after pointing out problems at Olive gain another Cuyahoga River-oriented fea- Garden, like a lack of salt in the water it uses ture with “The Foundry,” a $9 million plan to to boil pasta. recast a dozen old buildings as a collegiate Such a detailed focus may still be rare, but and youth boathouse, fitness center and shareholder activism, or when an investor park. tries to take a bigger role in how a company is The project by MCPc Family Charities and run, is becoming increasingly common.