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In 2015, Corning Incorporated began communicating to the investment community about its new Capital Allocation Framework, a strategic plan designed to reduce the cash on the company’s balance sheet and increase the returns it was earning on invested capital. Previously, Corning had about $5.5 billion worth of cash on its books worldwide. The Capital Allocation Framework aimed to reduce that by more than half.

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Meg Waters

Meg Waters is the editor in chief of Treasury & Risk. She is the former editor in chief of BPM Magazine and the former managing editor of Business Finance.

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