Now I'm not a CEO of a big FTSE company but I have been a MD of a few small set-ups. If my IT man came in and said that the system had gone down and lost me squllions of £ due to a power supply problem, I would be reminding him that this was most definitely still an IT problem.
WW is talking crap.
PS. Interesting he says ".....failure of electricity power to IT systems" Plural. Hmmmmm