IT Management Slideshow: Why Your CEO, CFO are Losing Sleep
By Dennis McCafferty | Posted 09-23-2010
CEOs and CFOs are most concerned about the impact of increasing taxes, regulation and legislation on your organization's revenues, according to a recent survey from PricewaterhouseCoopers. The upshot: CIOs will need to align their own IT spending/oversight plans with the cautious perspectives of their CEOs and CFOs. Experts have declared that the recession "officially" ended last year, but the economy is hardly out of the woods yet. C-level executives present a mixed picture when it comes to business prospects for the next 12 months, according to the "Private Company Trendsetter Barometer," based on a 2Q 2010 survey of some 250 CEOs and CFOs by PricewaterhouseCoopers. Optimism is declining even as many are anticipating that revenues will increase. The majority of those surveyed say they plan to hire. Yet, only a minority have capital expenditure increases planned. "Although we continue to emerge from the downturn, political and economic uncertainty may linger for some time," says Ken Esch, a partner with PricewaterhouseCoopers' Private Company Services practice. "That uncertainty isn't keeping companies from pursuing growth opportunities. But it does reinforce the need to carefully manage against ongoing market and regulatory risks." Here are some of the key findings by PwC.