Can't find recent link re: CIO mag poll on execs. withdrawing cash : LUSENET : TimeBomb 2000 (Y2000) : One Thread

i've searched to archives to no avail....

thanks in advance for any help...

-- john amphlett (, October 09, 1999


See thread...

CIO Magazine Poll Reveals Top Executives' Y2K Plans 001X0Z

-- Diane J. Squire (, October 09, 1999.

* * * 19991009 Saturday


Here's a version of the report for educational purposes only ...

Regards, Bob Mangus

* * *

< > Wednesday October 6, 6:29 am Eastern Time

Company Press Release

SOURCE: CIO Communications, Inc.

CIOs Stow Cash for Y2K

CIO Magazine Poll Reveals Top Executives' Y2K Plans, Support for Laws Against Internet Harassment

ORLANDO, Fl., Oct. 6 /PRNewswire/ -- A new CIO KnowPulse(SM) poll, conducted by IDG's CIO magazine, shows chief information officers (CIOs) and other business executives are planning to have significant amounts of cash handy on January 1, 2000. The majority (65%) of the 191 respondents plan to have more than $500 on hand, with 34% indicating they will have more than $1,000 and 8% indicating they will have more than $5,000. Further, 84% of respondents plan to have this amount in cash.

``CIOs are closer to the realities of Y2K than any other group of people,'' says Abbie Lundberg, Editor in Chief of CIO magazine. ``While many of them have completed Y2K remediation for their companies and are confident of a Y2K fix, the fact that they are planning to accumulate cash shows there is still a level of doubt or concern.''

The poll of CIOs and other business executives was deployed October 3, 1999, at a CIO Perspectives conference in Orlando, Florida. In addition to personal finance plans for Y2K, results also show overwhelming support (74%) for the Federal Aviation Administration (FAA) to ground all air carriers that failed to respond to an FAA survey on Y2K readiness by October 5, 1999. (Last week, Senator Christopher Dodd (D-CT), vice-chairman of the United States Senate's Special Committee on the Year 2000 Technology Problem, proposed that these non-responsive air carriers should be grounded.)

In other Y2K news, technology and business executives are cautiously preparing for the date rollover:

80% plan to document financial records; 25% plan to stockpile canned goods; 33% plan to stockpile water; 9% plan to upgrade personal security measures; 53% will not fly on a commercial airplane; 27% plan to work on New Year's Eve (16% by choice, 11% by mandate). CIOs on Proposed Internet-Related Legislation:

Eighty-seven percent (87%) of CIOs support legislation that would make stalking and harassment over the Internet a federal crime. Congress is considering amending bill H. R. 1869 to broaden the current definition of stalking to include harassment by email, telephone or any other form of interstate communication. According to Lundberg, ``While the CIO audience is well aware of the drawbacks of living and working in a digital world, they view and use technology as an enabler to do business more efficiently. The fact that this group supports legislation that would punish individuals who abuse technology and give the Internet a bad rap comes as no surprise.''

An even greater number of CIOs support taxpayers' privacy and protection from having personal information transferred electronically, with 90% of respondents saying they do NOT support the IRS proposal to electronically release taxpayers' records to third parties such as credit bureaus and mortgage brokers. And in related Internet news, 63% support a permanent global ban on taxes and tariffs that specifically target Internet commerce.

CIOs on High-Tech Staffing:

In response to the ongoing high-tech worker shortage, the U.S. Congress is weighing the so-called ``Helping Improve Technology Education and Competitiveness (HITEC) Act,'' which would allow foreign students with masters or doctorate degrees to accept work in the United States on a five-year visa. Sixty-three percent (63%) of respondents support this proposed legislation. However, an overwhelming 78% of respondents do not believe information technology workers should have to be licensed or certified by a government regulated board. ``The high-tech staffing crisis has hit everyone in the technology field,'' says Lundberg. ``CIOs are looking for solutions and ways to ease the staffing crunch, vs. regulations that will make it harder to hire skilled and talented professionals.''

CIOs on Microsoft:

In response to recent closing arguments in the Microsoft antitrust trial, 54% of CIOs believe Microsoft should win the case over the United States Department of Justice. When asked what, if any, remedy U.S. District Judge Thomas Penfield Jackson should impose on Microsoft, 50% say no remedy should be imposed. Twenty-eight percent say Microsoft should be broken up by product lines; 2% say Microsoft should be prevented from making any further acquisitions; and 6% say Microsoft should be regulated, while 14% are ``unsure/other.''

Poll Results:

1.) Should there be mandatory licensing or certification of IT workers by a government regulated board (much like accountants, lawyers, doctors, etc.)? 12% Yes 78% No 10% Unsure

2.) In order to ease the high-tech staffing crisis, Congress is considering the ``HITEC ACT'' that would allow foreign students with masters or doctorate degrees to accept work in the United States on a 5-year visa. Do you support this legislation?

63% Yes

25% No

12% Unsure

3.) Following closing arguments last week, the antitrust case between Microsoft and the United States Department of Justice was submitted to U.S. District Judge Thomas Penfield Jackson. Who do you think should win?

54% Microsoft

27% Department of Justice

19% Not sure

4.) If Judge Jackson rules in favor of the U.S. Department of Justice, what remedy should be imposed on Microsoft? (Select one) 28% Break up Microsoft by product lines (i.e., into a Windows company and an applications software company) 2% Prevent Microsoft from any further acquisitions 6% Regulate Microsoft 50% Don't think any remedy should be imposed 3% Other 11% Unsure

5.) Do you have confidence the millennium bug will be fixed by December 31, 1999? 63% Yes 30% No 7% Unsure

6.) Would you fly on a commercial airline on January 1, 2000? 44% Yes 53% No 3% Unsure 7.) How far along are you in fixing your company's Year 2000 problem? 0% Have not started 0% Have gotten started 0% Approximately 25% done 1% Approximately 50% done 35% Approximately 75% done 64% 100% done

8.) GTE, Xerox and Unisys are suing their insurance companies for the nearly $1 billion they've spent fixing the Year 2000 computer bug. Is your company planning to sue its insurance company for monies spent on Y2K remediation?*

4% Yes

69% No

11% Don't know, but should

17% Don't know, don't care

9.) Considering the potential for Y2K disruptions, are you prohibiting your information technology (IT) staff from taking vacation during the first week of January 2000?

67% Yes

23% No

10% Unsure

10.) Almost 2,000 of the nation's 3,300 air carriers have not responded to an FAA survey about Y2K readiness. The vice-chairman of the U.S. Senate's Special Committee on the Year 2000 Technology Problem says the FAA should ground carriers who do not answer the survey by October 5, 1999. Do you agree?

74% Yes

21% No

5% Unsure

11.) What changes, if any, do you plan to make with your personal finances if it becomes apparent that companies will not solve this problem by January 1, 2000?*

20% Put all money in one bank or investment vehicle that claims to

have solved the Year 2000 problem

36% Deposit money in several different banks or investment vehicles

to minimize the chance of encountering any Y2K problems

8% Take money out of bank or other investment vehicles and put it

under a mattress/hide it in the house

35% Don't know

12.) How much money do you plan to have on hand on January 1, 2000? 1% None 5% $100 or less 30% $101 to $500 30% $501 to $1,000 26% $1,001 to $5,000 8% More than $5,000

13.) Of the currency you plan to have on hand on January 1, 2000, what type will it be?* 84% Cash 1% Traveler's checks 12% Combination of cash & traveler's checks 4% Unsure

14.) Some individuals have already made public plans to escape or minimize Year 2000 impacts on their personal lives. What personal contingency activities are you planning to engage in?

Documenting financial records 80% Yes 19% No 1% Unsure

Stockpiling canned goods 25% Yes 70% No 5% Unsure

Stockpiling water 33% Yes 62% No 5% Unsure

Buying generators/wood stoves* 10% Yes 87% No 4% Unsure

Relocating to a non urban 2% Yes 97% No 1% Unsure


Upgrading personal security measures

(home alarm systems, fencing, 9% Yes 89% No 2% Unsure firearms, etc.) 15.) What are you planning to do on New Year's Eve, December 31, 1999? (select one)* 16% Work (by choice) 11% Work (by mandate) 37% At home (yours or loved one's) 26% Go to a party 0% Go to a self-sustainable community, farm, private home or shelter 4% Go on vacation/travel (that requires flight) 2% Go on vacation/travel (that does not require flight) 1% Place of worship 1% Other 3% Don't know

16.) The IRS is proposing to electronically release taxpayers' records to third parties such as credit bureaus and mortgage brokers. Do you support this proposal?*

8% Yes

90% No

3% Unsure

17.) Congress is considering a bill to make interstate stalking and harassment over the Internet a federal crime. The legislation would broaden the definition of stalking to include harassment by e-mail, telephone or any other form of interstate communication. Do you support this bill?

87% Yes

9% No

4% Unsure

18.) The Clinton administration is pushing for the World Trade Organization to impose a permanent global ban on taxes and tariffs that specifically target Internet commerce. Do you support such a ban?

63% Yes

28% No, I believe there should be some form of Internet taxes and


9% Unsure

CIO Communications, Inc. was formed in 1987 to help chief information officers (CIOs), information technology (IT) executives and other senior management executives succeed in their enterprises through the use of information technology. In addition to publishing the award- winning CIO magazine, the company also produces the Web site and develops and produces CIO Executive Programs--a series of face-to-face conferences that provide educational and networking opportunities for corporate and government executives who want to expand their knowledge of technology, business management issues and innovative products and services. CIO magazine is a publication of International Data Group (IDG), the world's leading IT media, research and exposition company.

Headquartered in Boston, (IDG) informs more people world wide about information technology than any other company in the world. With annual revenues of $2.35 billion, IDG is the leading global provider of IT media, research, conferences and expositions. IDG publishes more than 290 computer newspapers and magazines and 700 book titles in 75 countries, led by CIO, Computerworld, Infoworld, Macworld, Network World, PCWorld, Channel World, and the ``For Dummies'' global product lines. IDG offers online users the largest network of technology sites around the world through (, which comprises more than 250 targeted web sites in 55 countries. IDG is also a leading producer of 168 computer- related expositions in 35 countries, and its research arm, International Data Corporation (IDC) provides computer industry research and analysis through 49 offices in 41 countries worldwide. Company information is available at

* May not add up to 100% due to rounding. * Accuracy rate is + /-7%.

NOTE TO EDITORS: All CIO Communications, Inc. news releases are available at Complete findings, as well as charts/graphs, from the August 1999 CIO KnowPulse (SM) poll - and previous CIO KnowPulse(SM) polls - are available at

SOURCE: CIO Communications, Inc.


* * *

-- Robert Mangus (, October 09, 1999.

Moderation questions? read the FAQ