The document summarizes a panel discussion hosted by Rackspace Enterprise Cloud Solutions on how the roles of C-level executives are shifting in a cloud world. The panel consisted of Rackspace's CIO, CFO, and CMO who discussed how their roles have changed with the adoption of cloud computing. Additionally, the discussion covered how cloud impacts relationships between C-level roles and new business practices required in a cloud environment. The presentation provided an IT transformation framework and strategies for businesses to successfully adopt cloud technologies.