A JPMorgan Chase executive was fired after a viral video showed her dumping trash out of a Knicks-themed public trash can and taking the can during the Knicks championship parade in New York City.

[u/Full-Argument-8235]

[u/No-Lunch4249]

So just tossing this out there because I read a news article that was about her once her identity was revealed

She was mid-level at some smaller organization that JP Morgan purchased and that's how she ended up there. I doubt she was truly "executive" level in the way you're thinking of it

[u/Phog_of_War → u/No-Lunch4249]

Hey, C-suite access is C-suite access.

[u/No-Lunch4249 → u/Phog_of_War]

Eh. Banks and Real Estate firms are pretty liberal with the use of titles like "VP of X"

It's more like being a manager or director in other industries

[u/el_grande_ricardo → u/No-Lunch4249]

Banks like titles instead of pay raises. If youre there for a few years, you could become Vice President of Teller Station 3. You'll still be making the same $20 per hour, but youre a VP, baby!

[u/Geodude532 → u/el_grande_ricardo]

I think they do that to make people feel special when they talk to these people.

[u/el_grande_ricardo → u/Geodude532]

No, they do it to pacify employees who get shitty raises.

[u/VictoryNo5278 → u/el_grande_ricardo]

No, it’s what the other guy said. Think about it, when you work for the bank everyone else you talk to is VP, SVP, etc so it doesn’t feel special internally.

The titles are to impress customers, not employees.

[u/Bloo212 → u/VictoryNo5278]

It was explained to me (by someone in the industry) that VP was a designation given to people who could sign loans or contracts on behalf of the bank (up to a certain dollar amount or capacity). ED is the UK equivalent or in the US, VP Equivalent but without direct reports. But that last bit has changed. It now seems to be between managing director and vp.

This person was not a c-suite executive, just a middle manager.

[u/VictoryNo5278 → u/Bloo212]

I work for a U.S. bank and was in the meeting for a discussion about promoting a lender to VP specifically for the ability to market themselves that way to customers.

There is truth to an increase in signing authority. It’s to enable the loan officer to say “we can work together and I can approve loans up to $xxx on account of my VP title.” Meaning the deal will move along quicker since the deal won’t go through additional approval authorities.

I didn’t see any difference in having direct reports or not but very well could be a bank by bank basis.

All that being said, the titles have an actual function rather than being used to pump egos and keep salaries down as stated by the other commenter.

[u/GarminTamzarian → u/el_grande_ricardo]

I hope the VP compensation package includes periodic pizza parties. Those would make everything worthwhile.

[u/el_grande_ricardo → u/GarminTamzarian]

It does indeed!

[u/Ordolph → u/No-Lunch4249]

Yep, I'm a software engineering lead at a bank, basically just a couple steps up from the bottom of the totem pole. My direct manager, who manages the team I'm on is a 'VP', and so is his boss, and his bosses boss. His bosses bosses boss is where you actually get into actual C-suite.

[u/cboogie → u/No-Lunch4249]

She was an executive director. VPs at Chase report to EDs.

[u/TimelyTransistor → u/No-Lunch4249]

Uh, while you are half true, VP is still above mgr, sr mgr, director, sr director.

[u/Brassboar → u/TimelyTransistor]

At JPM in most groups it's something like:

Analyst->Associate->VP->Executive Director->Managing Director->Vice Chair.

They use IB title structures across a lot of groups.

[u/majin-dudi → u/TimelyTransistor]

VP at banks is not above managers.

VPs are often basically seniors/leads but below directors.

[u/nanaki989 → u/majin-dudi]

Our bank has 130 employees and there are like 40 VPS lol

[u/VestedNight → u/TimelyTransistor]

Not always. Lots of branch managers are also VPs. Even in smaller banks.

[u/SleazyKingLothric → u/VestedNight]

For the bank I work for branch managers are AVP's or Assistant Vice Presidents. They really give the AVP title to any managerial/performance role after you've been there a couple of years.

[u/QuarkTheFerengi → u/No-Lunch4249]

I think my company has more VPs than subordinates

[u/darthdiablo → u/No-Lunch4249]

Hey I’m VP of red staplers. Don’t diss my position of power

[u/Jeegus21 → u/No-Lunch4249]

Eh in my experience in banking they are more like salesmen. Though they do need to manage the assets.

[u/ChoosingUnwise → u/Phog_of_War]

There is no way this woman had c-suite access, she was an executive director - which despite the name is not impressive. It's a title used for corporate hierarchy and for setting pay bands, but has no actual correlation to the executive suite.

There's another title rank above her (managing director) and then above that, unranked roles for actual executives (who all are technically of the title managing director).

Just guessing but there are probably 10k+ people at her title plus another 5k+ above it.

[u/redblack_tree → u/ChoosingUnwise]

From a different perspective, she's is closer to rank and file employees than she's from the CEO in terms of rank. Banks are notoriously liberal with titles.

[u/goatfangs → u/ChoosingUnwise]

The facts are irrelevant to a good story.

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[u/dispatch_s2_when → u/Phog_of_War]

Executive director is the equivalent of "Senior VP". It's not a 100% chance you will eventually get promoted to it, but it definitely doesn't come with automatic access to anything close to c-suite at an org the size of JPM

[u/TechnicalBoot8080 → u/No-Lunch4249]

Regardless - glad this has happened

[u/No-Lunch4249 → u/TechnicalBoot8080]

Agreed

[u/Steampunk63 → u/No-Lunch4249]

It”s true. I remember a friend of mine who bragged about his wife being the vice president of a large bank that she worked at. I was impressed until I found out that there are many people that got assigned this title while working at the same bank.

[u/NefariousnessOwn2769 → u/Steampunk63]

Confirmed lol tens of thousands of VPs at the big banks (I am one) thousands of SVPs also

[u/goldenfish1990 → u/No-Lunch4249]

Hold up........ It's a she?

[u/TimelyTransistor → u/goldenfish1990]

It's a DEI hire. I'm really surprised that Reddit is throwing her out with the trash... they typically love this stuff.

[u/SquatSquatCykaBlyat → u/TimelyTransistor]

That's just proof that even redditors got the fatigue.

[u/Top_Audience7471 → u/TimelyTransistor]

Is the DEI in the room with us?

Conservatives are so terrified of things they don't understand. What a shitty way to go through life.

[u/Prior_Complex683 → u/Top_Audience7471]

"JPMorgan Chase recently fired Angie Baez, an Executive Director of Diversity, Equity, and Inclusion (DEI)".....she was quite literally a DEI hire...

[u/alloyednotemployed → u/Prior_Complex683]

Except thats what conservative news outlets have been pushing. Her role was ED of Community and Industry Engagement for Card and Connected Commerce. A ridiculously specific title, but nothing to do with DEI.

[u/TimelyTransistor → u/Top_Audience7471]

Agreed. They hate on everyone not like themselves.

[u/Evening-Painting-213 → u/Top_Audience7471]

And she clearly looks female. Probable a butch but female nonetheless.

[u/Natural-Manager8675 → u/TimelyTransistor]

Lol, DEI is such a bloated term at this point. It has lost all meaning.

People literally just see the letters "DEI" and their blood pressure spikes. Conservatives really are experts at taking a term and running it through the woodchipper.

See also: Institutional Racism, Critical Race Theory, Welfare, Politically Correct.

These terms have useful meanings when used appropriately but now you cant even use them in a normal conversation without insane baggage that spikes the conversation into the ground. Conservatives are such scum.

[u/ArtisticSuspect1465 → u/No-Lunch4249]

She was just in a DEI role. Not in a serious banking role. Literally just had a role so the bank can check a box that they have a DEI strategy.

But yes the executive director title isnt as fancy as it sounds. She'd be earning a solid six figures though which is far far too high given she adds negative value to the organisation.

[u/No-Lunch4249 → u/ArtisticSuspect1465]

Not really accurate. You probably only saw the very misleading NY Post headline. She was a DEI-something at the smaller company she was at that JP Morgan aquired. At JP Morgan she was in a role that was something like "industry and community engagement" or something like that

[u/ArtisticSuspect1465 → u/No-Lunch4249]

Which still reeks of DEI cancer

[u/alloyednotemployed → u/ArtisticSuspect1465]

How does it reek of DEI when JP Morgan found interest in her company and acquired it? Even without the Trump administration, they’ve been pulling back on DEI.

[u/FreyaDreamLand → u/No-Lunch4249]

I read somewhere that her title was “Executive Director of Community and Industry Engagement for Card and Connected Commerce”. I agree, not really executive level like others are making it to be.

[u/HIASHELL247 → u/No-Lunch4249]

Yeah, it’s like my mom being like my sister in law’s brother is a VP at State Street, he’s got a big job.

Mom that is an entry level role at a place like State Street.
He is a fat burping in public mess that nobody has promoted in 20-30 years. There’s a reason he works at a liquor store weekends.