3 ms·
I think banks are the canonical example of title inflation, where VP doesn't mean anything anymore.
by oblio 4y ago
I think banks are the canonical example of title inflation, where VP doesn't mean anything anymore.
- bluGill 4y agoVP in banks is one title that means something. A VP is able to sign off on your getting a loan from the bank. This is a legal thing, someone who isn't a VP cannot give you a loan. (the rules are a bit more complex, but close enough). Thus banks of lots of VPs with very little power: they need people all over who can give loans out.