Pillar
Capital Assets & Allocation
Capital stewardship, asset quality, and allocation discipline that compounds value across cycles.
Why capital discipline—not growth alone—determines enterprise value.
Articles
3 articlesCapital Assets & Allocation
The Capital Stack Is a Strategy Document
Debt, equity, and covenants are governance—whether you admit it or not.
The capital stack is not a financing detail. It is the operating system that shapes risk tolerance, decision rights, and the speed at which your business can move without breaking.
9 min readcapital stackcapital allocationcovenants
Evidence3
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Capital Assets & Allocation
Revenue Recognition Is a Governance Issue
Bad rev rec isn't accounting risk. It's leadership risk.
When revenue recognition is unclear, EBITDA becomes negotiable, diligence becomes painful, and valuation becomes conditional. This is governance—full stop.
10 min readrevenue recognitionEBITDA qualitygovernance
Evidence3
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Capital Assets & Allocation
Capital Allocation Is a Moral Choice for CEOs
Budgets reveal values faster than mission statements.
Capital allocation is not a technical exercise—it is the clearest, most measurable expression of executive values, governance discipline, and leadership integrity under pressure.
9 min readcapital allocationcapital disciplineenterprise value
Evidence4
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Kincaid IQ Client Concierge