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  "documentTitle": "Dollarama Inc. (DOL)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2018-10-31 00:00:00",
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  "notes": "Uses a historical lineage diagram to frame the CEO as a product of nepotism rather than merit.",
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      "kind": "callout",
      "text": "Does (or will) the family have a hard time parting with a business that has been in the family for four generations, even if parting ways is the right thing to do?",
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      "text": "Managing retail chains is very much a family affair for the Rossys - at both stores. Perhaps Neil was going to be anointed CEO of Dollarama regardless of the caliber of other potential candidates. Let's hope he's not Commodus!",
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      "text": "Neil Rossy had been the Senior VP of Merchandising / Chief Merchandising Officer for 25 years prior to being named CEO in 2016. While his family is still a large shareholder, they are not a controlling shareholder, owning around 5% of the shares outstanding. We question whether the Rossy's century-long family tradition of passing down leadership - one which also persists at the Rossy's \"sister store\" - is appropriate for a public company, or wise for the long-term health of the business.",
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      "text": "House of Windsor, House of Rossy: A Case Study In Nepotism",
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