The sky has fallen. Consider these recent findings compiled from www.cio-asia.com:

Their budgets are cut, work is outsourced, staff is downsized, and theyre pushed off the executive teambetween 2002 and 2003 their compensation decreased by 13 percentthe number reporting to CFOs doubledtheir influence vanished

Who are these pathetic losers? Who else? The people whose Career Is Over. The beleaguered CIOs take it on the chin again.
Oh, how we love a good drama. But, dramatics aside, have IT and its captains really moved so far backward? No. Quite the opposite.

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