I've been told that the reason is because some subset of CEOs get offended at being shuffled off to a low ranking employee. So they get to meet VPs and are hap

I've been told that the reason is because some subset of CEOs get offended at being shuffled off to a low ranking employee. So they get to meet VPs and are happy, without realizing where said VP really was in the org chart. I don't know how true this is, but i was told it by my brother about 20 years ago, who at the time was a (low ranking) VP at a bank.