=+30. Information technology. A recent report suggests that Chief Information Officers (CIOs) who report directly to Chief Financial Officers (CFOs) rather than Chief Executive Officers (CEOs) are more likely to have IT agendas that deal with cost cutting and compliance (SearchCIO

.com, March 14, 2006). In a random sample of 535 companies, it was found that CIOs reported directly to CFOs in 173 out of 335 service firms and in 95 out of 200 manufacturing companies.