BlackRock Managing Directors
Rich Hoerner and
Chris Stavrokos write on
"The Future of Cash Management" in the most recent
AFP Exchange. They note the buildup in corporate cash balances, saying,
"We believe that today's record corporate cash balances are likely to remain high relative to historical averages for quite some time.... [
C]
orporate treasurers have grown accustomed to the operational and strategic flexibility that cash on balance sheet allows."