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Is IT management at the top of the corporate ladder losing its luster? Not completely, but was it ever really there?

Call it business alignment or bottom-line buffering, a good lot of CIOs do not have the direct ears of CEOs. A chunk of technology leaders in enterprise companies report to CFOs (42 percent), according to a joint study on organizational hierarchy from IT research analyst firm Gartner and Financial Executives Research Foundation (FERF). More than one-third (33 percent) of CIOs report to the CEO, in this study.