In early March 2026, Starboard Value LP sent a public letter to Lamb Weston’s CEO and board urging doubled cost-saving efforts, sharper SG&A cuts, and a review of international operations, including possible divestiture of select APAC assets. This activism followed news that Lamb Weston will be removed from the S&P 500 in the upcoming quarterly rebalance, highlighting how index status changes can quickly attract investor pressure for operational reshaping. We’ll now examine how Starboard’s...