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Is that some sort of non-profit? (lemmy.world)
submitted 3 months ago by The_Picard_Maneuver@lemmy.world to c/whitepeopletwitter@sh.itjust.works
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[-] maynarkh@feddit.nl 21 points 3 months ago

Oh, Goldman also does the weirdly inflated titles game like Morgan Stanley?

[-] Karyoplasma@discuss.tchncs.de 31 points 3 months ago

They call everyone a VP so idiot customers can brag about how some important guy gave them investment advice. It's a scam to fool the gullible.

[-] TheKMAP@lemmynsfw.com 18 points 3 months ago

I think originally it came from banking regulations requiring high level approval before someone could do risky shit. So now everyone is a VP

[-] Karyoplasma@discuss.tchncs.de 17 points 3 months ago

So, it was a legal loophole? That's kinda even more shady lol

[-] TexasDrunk@lemmy.world 13 points 3 months ago

Most financial institutions do, even down to local banks.

[-] S_204@lemm.ee 11 points 3 months ago

Real estate people too. If you're not a VP in real estate, you don't really exist. I've met guys with a VP title who are like 23 years old and not even done their mbas. It just makes everyone look stupid.

[-] Aceticon@lemmy.world 4 points 3 months ago

From my experience working as an IT freelancer in the industry (so I've worked in a number of places), they all do that in Finance.

this post was submitted on 15 May 2024
771 points (99.1% liked)

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