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  "documentTitle": "WD-40 Company (WDFC)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2020-04-02 00:00:00",
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  "notes": "The slide uses a red box to highlight the age column of the executive team table to emphasize the aging workforce.",
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      "text": "We believe investors fail to see that the current long-tenured management team is rapidly aging (the average executive age is 60 years old) and that organization changes could strain the Company.",
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      "text": "We believe investors fail to see that the current long-tenured management team is rapidly aging (the average executive age is 60 years old) and that organization changes could strain the Company. WD-40 has only 495 employees, and if it cannot promote internally, will have to recruit outside talent.",
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      "text": "Recent Organizational Changes And Long-Term Company Direction",
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