New York--CMP Mediaâs InformationWeek and Optimize released Tuesday the results of their âRedefining Business Study,â which surveyed more than 200 C-level executives about their involvement in IT spending. The study indicated that C-level executives are not involved in all purchases. Their involvement depends on price level and the kind of technology being purchased. According to the study, CIOs care most about e-business, security, and storage; CFOs concern themselves with back-office and customer-facing applications; and CEOs focus on customer-facing applications and general e-business. The study also found that 41% of capital IT expenditures are spent on strategic initiatives such as CRM and ERP and 43% are spent on infrastructure technologies.