Earlier quoted context omitted.
>The "parallel" technical career path never seems to deliver equal amounts of power, or even money, as compared to managers on the same level. This is true. There's a self-deprecating joke about CIO being an acronym for "Career Is Over" because the Chief Information Officers are never promoted to CEO. On the other hand, it's common for the board to promote COOs and CFOs to CEOs. If tech people want to be CEOs, they h…
If you're a CIO in a large company, your life is more about managing budgets than doing anything technical.
Interesting fact: CIOs are also known as Chief Investment Officers (mainly in finance) and play an integral role to the company, perhaps in importance second only to the CEO.