• snooggums@midwest.social
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    8 months ago

    It is so customers can feel good about working with a VP for their personalized service.

    Hierarchy theater.

    • wizardbeard@lemmy.dbzer0.com
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      8 months ago

      Very very much a thing in Finance, with tiers of VP too (Assistant VP, VP, Senior VP). Even for people doing internal support, it makes the internal “customer” feel good.

      It was a learning experience when I was told not to prioritize anyone below SVP.

      It’s often also used as a compensation aid when someone has maxed out their pay band or title but there isn’t a management slot open or they don’t want to do management. My team doesn’t have titles for team leads, but all our “unofficial” ones have at least an “Assistant” VP title.

  • teft@lemmy.world
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    8 months ago

    I will just leave this little nugget of applicable wisdom from Napoleon Bonaparte:

    A soldier will fight long and hard for a bit of colored ribbon.

  • OldWoodFrame@lemm.ee
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    8 months ago

    It’s a carry over from all the bank mergers from the 80s (and probably earlier). You never want to cut someone’s title, so when dinky 10-branch bank gets bought by JP Morgan, the VP just stays a VP even though you can’t possibly make them the second-most-powerful person at JP Morgan. With enough mergers you get a critical mass and you have to create a structure where all the current VPs and everyone around their stature get the title but it officially loses any meaning.

    Tldr I blame the Savings and Loan crisis

    • BluesF@lemmy.world
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      8 months ago

      The company I work for has multiplr VPs per division, and about 20-30 divisions. Then there are the group level and corporate level VPs… Functional VPs… And so on and so forth. They last about two years before they go on to be VP of some other bit of the company that makes more money than the last bit.

  • Asafum@feddit.nl
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    8 months ago

    At my job we have a president and a vice president of sales. There are 3 sales people including those two lol

  • Son_of_dad@lemmy.world
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    8 months ago

    That’s why I’m American Psycho they’re all vice Presidents, and why they all lose track of who is who.

    • bionicjoey@lemmy.ca
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      8 months ago

      That’s why I’m American Psycho they’re all vice Presidents, and why they all lose track of who is who.

      Wait, you’re THE American Psycho?

  • edric@lemm.ee
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    8 months ago

    From what I know about banks, they give out VP titles like candy; so I wouldn’t put much weight on someone with a VP title in a financial institution.