Your job is the gap between today's EBITDA and the EBITDA your sponsor has already decided you will deliver.

Recorded live at The CEO Mandate workshop on 3 September 2026, Bill Canady rebuilds the board's LBO math, including the numbers from one of his own deals. A few references are to slides and the live chat.

IN THIS EPISODE
• Command is four things: no surprises, on pace, data driven, results matter
• Why your clock started the day the sponsor bought, and why plans run a thousand days
• How MOIC sets your payout: under 2x generally zero, 2–2.5x maybe 80%, 3x 100%
• The one-page CEO Mandate: target, timeline, five assumptions, three unknowns, signed
• The five levers in order of speed: price, cost, organic growth, M&A, working capital

CHAPTERS
00:00 The EBITDA gap is your job
01:34 Command: no surprises, pace, data, results
04:20 Can you state your board's number?
06:12 Day zero to day one
09:17 Three questions: who owns the number?
11:38 Why CEOs lose the seat
14:39 Translating board math into team tasks
18:10 The CEO Mandate and the LBO
24:46 Running the LBO math live
31:59 Buy-and-build: the multiple arbitrage
35:31 Right-to-grow, five levers, cadence
39:21 The 100-day program and close

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Can you state your board's number, and how you'll hit it, without opening a file?

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