From what I’ve heard of this story, a woman who had a history of mental issues stabbed a random man getting out of the subway and then went and stabbed this woman. Her position at a bank is nothing more than attention grabbing headlines.
Isn’t that how it works though? You have the president, and then multiple vice presidents with their own responsibilities? Vice president of lending, vice president of marketing, etc?
A manager manages a small team, a director manages several managers, and then a vice president manages directors. They usually have ~100 people under them, but it can vary widely
It’s important to remember that banks hand out vice president titles like business cards. It makes the vice president feel important and gives customers someone with a splashy title to yell at.
Lol I was literally today just dealing with a bank integration at work and noticed the tech support guy I was working with was a VP. Your comment was perfectly times for me, because I was like "wtf why is the guy talking to me about PGP keys a freaking Vice President?!”
It was literally done because certain tasks were required by regulations to be approved by a vice president, so banks just handed out the VP title to everyone and their brother.
From what I was able to discern, the CEO of UHC was really just a nepo frat boy selected by the board. He had no special skill or talent, other than looking like another white man in a suit and selecting multiple choice answers about what to do in the company.
What exactly do you think the CEOs of large corps do? Make sound decisions based on their experience in the trenches of their industry? Ha! Their entire role is to be a frat boy, party (aka “network”) with other CEOs, allow the board/private equity to make dumbass decisions that’ll tank the company, then take the fall when those decisions inevitably lead to problems. Nepo baby is a legit resume booster because it means you were born with more connections than most people will ever have.
I’ve worked with a lot of CEOs and while a lot of them are as you describe, many of them are smart and have a good handle on what their company does. And too many of them are afflicted with varying degrees of sociopathy.
Worked with CEOs of what size companies? Small business CEOs definitely need to know their shit and put in the work. Enterprise CEOs need to look good in press conferences and have books full of billionaires.
To add to this, she might have been just another cog. I don’t know how BofA titles work, but I have known people with a VP title that had no one reporting to them and had no decision making authority.
She was a vice president of business selection and conflicts at the bank. Not The vice president of the bank.
Before anyone gets too excited.
From what I’ve heard of this story, a woman who had a history of mental issues stabbed a random man getting out of the subway and then went and stabbed this woman. Her position at a bank is nothing more than attention grabbing headlines.
Saw it. Felt like this was suicide by cop.
Don’t those usually go for the cop instead of killing randos?
She was a specialist in “conflicts” and she got conflict there in Times Square. Failed to resolve the conflict miserably.
Banks haven’t yet rolled out close quarter combat training for their executive tier
“your fruit killing skills are remarkable”
What if someone charges at you with a banana?
That would be pretty bananas…
b-a-n-a-n-a-s
It was a very sharp mango, general.
or a pointed stick
Isn’t that how it works though? You have the president, and then multiple vice presidents with their own responsibilities? Vice president of lending, vice president of marketing, etc?
I’m pretty sure at BofA, it’s not that high level
A manager manages a small team, a director manages several managers, and then a vice president manages directors. They usually have ~100 people under them, but it can vary widely
Yes, but banks go the extreme and hand out the title like candy. It’s way easier to become a VP at a bank than other companies.
Do banks even give out candy anymore? It’s a sad day when the only Dum-Dums at the company are wearing suits.
My credit union has free ice cream bars during the summer and a hot cocoa machine during the winter.
Haven’t seen a corporate bank with so much as a bowl of suckers for years.
30% of Goldman Sachs employees have a Vice President title
https://youtube.com/shorts/bZgO2rNwN9Y
It’s important to remember that banks hand out vice president titles like business cards. It makes the vice president feel important and gives customers someone with a splashy title to yell at.
Lol I was literally today just dealing with a bank integration at work and noticed the tech support guy I was working with was a VP. Your comment was perfectly times for me, because I was like "wtf why is the guy talking to me about PGP keys a freaking Vice President?!”
Seems to be a thing with american businesses in general. Everyone’s some VP of something
Only in finance. In other sectors, titles are less inflated.
was american psycho a documentary?
Yes
Idiocracy was too
The book mentions donnie multiple times, and yes.
Yep, came here to say this, and can confirm. Having the title “vice president” in finance / banking means just about sweet fuck-all.
This is soothing to look at. I need the original hanging in my place.
It was literally done because certain tasks were required by regulations to be approved by a vice president, so banks just handed out the VP title to everyone and their brother.
Also banks give titles without pay raises.
Hey, gotta start somewhere.
Not going to lie, still a little excited… One down, several thousand to go… (just at BofA)
BofA deez nuts
From what I was able to discern, the CEO of UHC was really just a nepo frat boy selected by the board. He had no special skill or talent, other than looking like another white man in a suit and selecting multiple choice answers about what to do in the company.
Straight from Central Casting, if you will.
What exactly do you think the CEOs of large corps do? Make sound decisions based on their experience in the trenches of their industry? Ha! Their entire role is to be a frat boy, party (aka “network”) with other CEOs, allow the board/private equity to make dumbass decisions that’ll tank the company, then take the fall when those decisions inevitably lead to problems. Nepo baby is a legit resume booster because it means you were born with more connections than most people will ever have.
I’ve worked with a lot of CEOs and while a lot of them are as you describe, many of them are smart and have a good handle on what their company does. And too many of them are afflicted with varying degrees of sociopathy.
Worked with CEOs of what size companies? Small business CEOs definitely need to know their shit and put in the work. Enterprise CEOs need to look good in press conferences and have books full of billionaires.
To add to this, she might have been just another cog. I don’t know how BofA titles work, but I have known people with a VP title that had no one reporting to them and had no decision making authority.
It’s an assumption going back decades, AFAIK, that someone with the title “vice president” in finance/banking doesn’t mean jack squat.