The New ABCs: Anything But Capex

Five years into the recovery, Corporate America still has a crisis of confidence. The $1.8 trillion question: Despite having that much cash on their balance sheets, why has investment in business infrastructure like plants and equipment—or "capex" ... failed to find its footing since the recession? Ron Kaplan is the CEO of Trex, which manufacturs decking from recycled materials. He says apprehension dominates.

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