Some CIOs Taking Budgeting Precautions For Possible Downturn

OK, so two that I'm aware of...

Brian Gillooly, Content Director, InformationWeek

May 15, 2007

1 Min Read

OK, so two that I'm aware of...

But my momma once said that it only takes two determined people to botch everyone else's best-laid plans. Of course, she was saying this to my little brother and me while whupping our asses for spilling paint all over the garage.

But there are two companies (one in retail, one in financial services) that are sufficiently worried about a downturn in the market (the word they used was "recession") that the CEOs have asked their CIOs to prepare a "plan B" budget for next year that takes this into account. On what are they basing their concerns? One CEO said that things have been going so well for the past three to four years, that we're just bound to have a downturn. Roll the bones, baby...

Alternate or contingent budgets are nothing new, but these two companies at least are putting together real plans to prep for the worst at a time when most indicators show nothing but good days ahead for the near term.

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About the Author(s)

Brian Gillooly

Content Director, InformationWeek

Brian Gillooly has spent the past 30+ years establishing a trusted and significant presence in the business technology community. One of the most recognized personalities in IT media, Brian has built valuable relationships with the most influential practitioners in the technology industry. He counts among his closest contacts the CIOs of a range of organizations – from Fortune 50 companies to small businesses.

As the Content Director for InformationWeek, Brian is responsible for developing a vision that provides both the audience and the client with clarity and insight into today's most challenging business technology issues.

Previously, as Editor-in-Chief of Optimize and Editor-in-Chief of InformationWeek events, Brian not only engaged the people who helped shape the direction of business technology – notables like Jack Welch, Rob Carter, Malcolm Gladwell, and Michael Dell – but also shared trusted opinions and ideas through his CIO Nation blog and weekly columns. He has offered hands-on insight through presentations at numerous live events and one-on-one meetings.

In his career in generating event content, moderating discussions, and giving presentations, Brian has developed a unique rapport with his audiences by eschewing the staid lecture style, and establishing a comfortable, often fun, always informative approach.

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