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Is that some sort of non-profit? (lemmy.world)

submitted 6 months ago by The_Picard_Maneuver@lemmy.world to c/whitepeopletwitter@sh.itjust.works

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[–] maynarkh@feddit.nl 21 points 6 months ago (3 children)

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

[–] Karyoplasma@discuss.tchncs.de 31 points 6 months ago (1 children)

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 6 months ago (1 children)

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 6 months ago

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

[–] TexasDrunk@lemmy.world 13 points 6 months ago (1 children)

Most financial institutions do, even down to local banks.

[–] S_204@lemm.ee 11 points 6 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 6 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.