|FINANCE: Chuck Stevens, CFO, General Motors|
But GM was ready. It already was far along on a broad plan to satisfy investors’ cash-return demands while protecting its stout balance sheet.
CFO Chuck Stevens, 55, was the point person on GM’s so-called capital allocation framework, which essentially earmarks the money needed to fund new vehicle programs and technology while maintaining a $20 billion cash cushion.
Leftover cash flow goes back to investors through stock buybacks and dividends — a transparent solution that appeased Wall Street.