When a company's plan drifts, the usual response is another off-site and a new three-year strategy. Bill Canady argues that a tenured PE-backed CEO needs something more concrete: updated arithmetic, one page, and 100 days.

In this episode of The 1000-Day CEO, Bill explains how to reset a plan three years into the hold—after the market multiple has moved, debt paydown has become a fact rather than an assumption, and the board has grown polite instead of candid.

The reset has four gates:

• Days 1–14: Reconstruct the sponsor's number using today's inputs.
• Days 15–45: Find where the profit moved and build the five-lever bridge.
• Days 46–70: Align compensation, structure, and ownership with the mandate.
• Days 71–100: Replace narrative reviews with a variance-driven operating cadence.

Bill also explains why profit disappears inside averages, why a compensation document can overpower a strategy document, what he learned from the smartest person in one company, and how consistent variance data can stop board micromanagement.

In this episode:

• Why boards get polite before they replace a CEO
• How to reconstruct required exit EBITDA from five inputs
• What one turn of exit multiple does to the operating mandate
• Why growth scales a deteriorating customer and product mix
• How to find profit at the customer-SKU intersection
• Why the compensation document wins over the strategy document
• How to turn a narrative review into a bridge review

Run your own Board's Number and download the report:
https://billcanady.com/lbo-calculator/

Bill Canady has led multiple billion-dollar businesses as CEO and created more than $3 billion in shareholder value. He is the founder of The 80/20 Institute and host of The 1000-Day CEO.

What assumption in your current plan has moved without being formally rerun?