Why have a system of Directors reporting to Directors and VPs reporting to VPs? What is the logic?
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Recently I was checking a profile of a Business Development Manager and realized that the person reports to a Director who reports a VP who reports to a SVP reporting to a SVP that reports to a SVP that is three levels of SVPs? Wow! This is a clear sign of a sinking ship. In my 16 years of Industry experience I have not seen such crazy hierarchy.
agree about the large banks and VP IT thing. anyone with 10 yrs could be a VP IT there.
Good point @Je7M2nv-1pys + 1
Banks and Non Government offices provide a lot of titles even though the role may be just to collect fees or just speak to customers.
Customers also are fooled into thinking that they are dealing with someone powerful :)
@1ied Everyone likes titles. Check out your average NYC bank - you start there as a tester straight out of school and they give you a VP title - they pay poorly, but they are very generous with titles, titles are cheap
Indians are fond of titles.
The reporting structure of the Cisco management has nothing to do with India you fools :)
See "Peter Principle".
Company I work for have that too, even senior director report to director, and senior director have no one report to him.
Logic simple. To keep money in hand of people that don't produce- like party official. Indian people made such system to make happy.
A South Asia culture to share personal good fortune with friends and relatives.
Only in Cisco and all signs of a sinking ship..
Don't see too many layoffs happening @ VP, SVP, EVP. So painfully top heavy.
Eventually this will be a company of no-nothing manager-types staffed by an army of cut-rate contractors that we swap out every 12 months to align to ever changing business models and/or "market adjacencies" (remember that BS term of the month?).
thats why the senior director and senior VP were invented.
VP has expanded into VP, SVP, EVP...
do you have other better idea to steal?
diffusion of accountability.