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VP is (apparently) also a title which legally denotes that the holder is an "officer" of the corporation, and can enter into deals on behalf of the corporation.
by huac 7y ago
VP is (apparently) also a title which legally denotes that the holder is an "officer" of the corporation, and can enter into deals on behalf of the corporation. Having a lot of those people around is typically a good thing for financial institutions (e.g. for quicker decision making).
- JoshTriplett 7y agoFinancial institutions also need such people at individual branches. Companies have far fewer sites than banks have branches.