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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.

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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