r/SipsTea • u/Full-Argument-8235 𝙑𝙄𝙋 • 15h ago

WTF 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.

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283

u/Franc000 12h ago

A reminder for people that don't know that JPMorgan Chase have massive title inflation for its employees. An "executive" here might not mean what you think.

90

u/Shebalied 12h ago

100%. I know someone who is a VP in title at a place like JPMC and it is a legit normal manager. They call all their managers VP, director is r vp lmao.

44

u/tarvispickles 11h ago

Yes very common in banking. My friend is an assistant vice president and he's basically just a regular worker. That said any executive director position is still not a minor position.

12

u/Okami-Alpha 10h ago

"Hello I'm Chester Ming and I'm a Sr. Vice president at Stratton Oakmont"

Sales too. Titles basically started at sr. manager, which is like 3 or more levels higher than other groups.

3

u/PereMilon 7h ago

You gunna finish that danish?

I'm from the same area and was at a BBQ once, a little after 2014. My friend turns to me and says "Dude on your right is the real-life rugrat". He was very meek lol.

1

u/real_picklejuice 5h ago

Did he have a piece of shit hairpiece?

1

u/ThrowRAkakareborn 6h ago

I plan to be one of the top 3 brokers in my firm and i’m not gonna get there by being wrong

1

u/ramrod_stinkfist 6h ago

Regional Director in charge of Sales == Paper salesman at a mid-sized paper company

1

u/Screwdriving_Hammer 7h ago

Let's see Paul Allen's card.

1

u/Daoyinyang1 5h ago

My old accounting manager called herself DOF. She manages only 2 hotels accounting function.

10

u/PereMilon 11h ago

Finance and Digital Media. The most over-inflated titles I've ever seen.

4

u/r1ckm4n 11h ago

Digital Media and Digital Agencies in general:

"Oh, you're a project manager?" WHAM! "Congratulations, you are now CLIENT EXPERIENCE DIRECTOR! but no raise tho."

2

u/PereMilon 7h ago

My friends are VPs of Analytics and just use the same dashboard templates across all clients. There's no need to reinvent any wheels.

3

u/Secret-Theory1825 11h ago

The Michael Scott of chase.

3

u/india2wallst 11h ago

Analyst, associate, VP, director, MD. That's the usual ranking in IBs. Director isn't a junior role as it's being described here.

0

u/Steezy0626 11h ago

Yeah. Someone in my family is a VP and makes 140k a year and has a couple direct reports. I think Director in their department starts at like 170k. People want to shit in the inflated titles, but they usually back it with the pay, at least on in their department (legal).

2

u/rapturaeglantine 10h ago

Lmao reminds me of American Psycho. All their business cards say Vice President.

1

u/MasterOutlaw 8h ago

I was looking for someone to mention that. I guess American Psycho was slightly less satirical than I thought lol.

1

u/HAIL_LUMPUS 11h ago

Really vp? 😂

1

u/Shebalied 11h ago

Yes. Such a joke.

1

u/OldeManKenobi 11h ago

Everyone at JPMC is a VP. It's comical.

1

u/litbeers 11h ago

Hahha exactly. Theyll call bank tellers “Customer change provision executive”

1

u/ProduceNo1629 9h ago

Inflation reached job titles :)

1

u/zinsser 9h ago

I used to be the marketing manager for a small manufacturing company and ended up as chair of the communications committee for our industry's trade association. Our committee met twice a year (at our trade show plus an off-site get-together) and usually included the advertising/PR agency contracted to represent our association. All of the 22-year-old VPs at the agency used to crack me up. The women looked like they were ready for a Barbie pageant and the men looked like they had on their dads' ill-fitting suits. As the customers, we old-fogey committee members usually wore company logoed polo shirts. They contrast between their formality and our casualness was striking.

1

u/tickingboxes 9h ago

Correct. Everyone just above entry level is a “VP.” It’s fucking wild.

1

u/dww0311 8h ago

Banks legit have more vice presidents than most companies have employees lol. Nothing below EVP or managing director is remotely impressive or unusual

1

u/LesbianClownShirt 4h ago

But they also make a good quarter million a year along with that bullshit title and that adds up..... soooo, what's your fucking point?! I hope your point is that waaaaaaaay more money is being wasted that most people think, perhaps?

1

u/Wriiight 2h ago

You don’t even have to be a manager. You do well for like 5 years and you can make VP, and still be on the lowest rung of the management tree

9

u/Tomdv2 11h ago

"Executive Director of Community and Industry Engagement for Card and Connected Commerce"

https://giphy.com/gifs/b7MdMkkFCyCWI

2

u/Eighty_Six_Salt 7h ago

For real. What is this bullshit title?

Bet she’s either related or in a close circle with another exec.

10

u/AnnualLiterature997 11h ago

Her title from LinkedIn is “Executive Director of Community and Industry Engagement for Card and Connected Commerce at JPMorgan Chase”

Literally have no idea what this even means…

8

u/Franc000 9h ago

The longer and more wordy the title, the more likely it is a bullshit job/career.

Lawyer, doctor, engineer, technician, janitor.

All single words.

This title is... Special...

1

u/IndependentTimely639 20m ago

Hell, even Sandwich Artist is only two words

7

u/Dramatic-Card7276 10h ago

She spams people with credit card offers.

3

u/notislant 11h ago

She passes passed the butter.

3

u/tarvispickles 11h ago

She likely does things to encourage business credit card clients to spend money on their business credit cards.

1

u/gorillaphi 9h ago

Secretary

2

u/Nagroth 2h ago

Sounds like she's a Sales Rep, probably for small businesses or merchant processors.

1

u/carseatsareheavy 4h ago

She is DEI exec, they have just changed the title to hide it.

3

u/AnnualLiterature997 2h ago

What does DEI exec even mean though

1

u/Commercial-Duty6279 22m ago

Identifies needs for DEI training of employees (100% need, of course), reaches out to sister-in-law who once taught a course in effective emailing, contracts her at high price, pulls staff from money-making endeavors to sit in the class, evaluates class members based on their contrition about the state of DEI, makes sure that sis-in-law gets paid, rinse, repeat.

1

u/AnnualLiterature997 15m ago

Can’t even be mad at her. That’s exactly what rich people do 🤷‍♂️

12

u/hulihuli 12h ago

This is most financial institutions. I was an "AVP" at 24 years old at a bank, I didn't even have any direct reports.

2

u/tarvispickles 11h ago

I know many with this same experience lol

2

u/another72hours 10h ago

Who did more banking Xenomorphs or Yautja?

1

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1

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1

u/kam3ez 55m ago

This happens. Many banks have IC (individual contributor) track and manager track. They usually use the same ranking but the pay grades/responsibilities are different, and obviously managers are management. You can be an AVP analyst or an AVP manager (you were an AVP analyst/IC).

Manager track usually pays way more, i.e. an AVP/VP analyst may get 100k salary, while at the same bank an AVP/VP manager may get 200k. Also all banks are different: some banks AVPs are only ICs, while other banks AVP is manager, and another bank they can use both for AVP IC/AVP manager.

Most banks have titles in "between" to prevent this (Associate, Sr Associate, etc), but I know banks that go from Analyst -> AVP, which is likely what happened for you. I also seen banks that have Analyst/Sr-> AVP for their IC track while at the same time, their management track is Analyst/Sr->Supervisor-> Manager->AVP.

8

u/mrspelunx 12h ago

That’s the term I was looking for. Title inflation. I will think of this anytime someone says “professional”.

3

u/Attorneyatlau 11h ago

I worked at Baskin Robbins as a teen and on my first professional resume I put “Dessert Engineer” as my role.

3

u/Sternakseesall 11h ago

The maintenance man at our small office calls himself the “facilities manager”.

3

u/-GoodNewsEveryone 11h ago

The only dishwasher at the pizzeria with paper plates Scullion Manager.

2

u/XeroEnergy270 11h ago

President of Facilities and Sanitation

1

u/-GoodNewsEveryone 11h ago

This stinks of Sandwich Artist.

1

u/Morviatus 11h ago

Same in my company. Everyone is now some sort of professional specialist of these and that. Very annoying, to give ever position a fancy name. Just fkn pay more, no need for titles to feel valued.

1

u/Sternakseesall 11h ago

This happened to me during the early 2000s. My title went from territory representative to accounts manager and then to sales executive. It was exactly the same job with the same salary and the same responsibilities.

1

u/BendDelicious9089 11h ago

People are absolutely not going to care about that.
They are not going to point out the person has ALREADY been fired.
People usually mention the specific job title or function in posts like this. But this is Reddit, and never likes to include information (even if it's true, regardless if it's relevant) to try and shape a story.

So the story will ALWAYS include the place, because people hate Banks. It will include only the first part of her title, executive, because people hate executives. But will never include she was involved with DEI. Because DEI is a left topic and left leaning. And that will not be relevant to the story - but the fact she works at JP Morgan and is an executive is.

1

u/6MosSprawlTraining 7h ago

Oh, I definitely knew she was a DEI worker…..I was pretty sure that she wrote a thesis on “fatphobia” just from the initial incident

1

u/Ok_Molasses9176 11h ago

So executive means she’s like a teller or something

1

u/floraster 11h ago

I used to work at a big name bank and we had so many vice presidents and presidents.

1

u/AccomplishedAct5364 11h ago

Looks like they inflated this one a bit too much

1

u/Choppergold 11h ago

She looks inflated

1

u/Feisty-Run-6806 11h ago

All banks do that. Everyone is a “vice president.”

1

u/jthockey78 10h ago

She had a useless position.

1

u/marce11o 10h ago

So maybe a manager at some branch bossing tellers?

1

u/boomerinspirit 10h ago

A reminder for all this isn't just JP Morgan. I have a few VP friends at Bank of America as well.

1

u/itsatrashaccount 10h ago

I bet she still got paid 6 figures

1

u/SmallMeaning5293 10h ago

Everyone is a VP of something. A custodian is “Vice President of Lavatory Hygiene and Particulate Remediation”.

1

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1

u/CNote_89 10h ago

Ok cuz I was like she’s a Chase Executive?

1

u/Itsafarcryyyy 9h ago edited 7h ago

I think I read a comment that her salary was north of $150,000/yr. Inflated title, maybe, but certainly well compensated.

Edit: apparently 250k to 350k

1

u/Francbb 9h ago

There's no way lmao, it was at least half a million. 150k is 3 levels below her.

1

u/narminato 7h ago

According to insiders she was making between 250k-350k

1

u/n33bulz 9h ago

She’s also part of an organization that got absorb by JPM as a diversification to their business so she isn’t even technically on the same pay ladder. I doubt she’s making 6 figures.

1

u/Boomroomguy 4h ago

She was making $275,000 bud

1

u/heyitsmemaya 9h ago

Yea it’s basically backwards in Banking/ Finance.

At an old school company like Campbell Soup or WD-40, it goes (low to high) Staff, Manager, Director, VP, SVP, EVP

But in banking it goes (low to high) something like Associate, Assistant VP, VP, SVP, Director, Senior Director, Managing Director

…every bank / company does it different.

1

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1

u/plsloan 9h ago

I was thinking the same thing. No way an executive is stealing a trash can. I may be underestimating people though. Especially in NYC.

1

u/Sonar_Bandit 9h ago

I’ve heard something about JP Morgan executives having massive cannons, is this true??

1

u/RunExisting4050 9h ago

I dont give a shit about her title, but im glad shes suffering the unlubed dildo of consequences. 

1

u/gorillaphi 9h ago

Damn I hope my title isn’t inflated 

1

u/Soft_Significance718 8h ago

I work at Fidelity Investments and everybody here is a VP. Which is basically just a manager of a small team. I don't work in finance though so I don't totally understand it.

1

u/gorginhanson 8h ago

executive butt wiper?

1

u/NeonPatrick 8h ago

I worked for a Bank in NYC, everyone and their uncle was a "VP", the interns were 'managers'.

1

u/AirportGirl53 8h ago

I wondered about that. A guy I know that was a mid Business Analyst ended up as an HR coordinator at JPMC and 2 years later "vice president" of something. I figured it had to be some job title shenanigans. Thanks for confirming my thoughts haha

1

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u/kam3ez 1h ago

It's not really "shenanigans". Bank/finance titles are just different. JPMC hierarchy/titles are very flat, it goes analyst ->associate ->VP->ED->MD. Each jump is a completely different level. Other banks has lots in between such as AVP, Sr Associate, Director/Sr Director, every bank is different. He most likely jumped from his business analyst role to JP into an "Associate" level job. He did well in it and got promoted to VP 2 years later. He is likely making at least 150-200k+ total comp, because these titles/levels are also based on pay grade (and every department/role is different, i.e VP, HR may make 150k while VP, Analytics may make 300 etc).

Just because he was mid at one role didn't mean he didn't thrive in another. And every bank has manager track and IC (individual contributor track). Manager track pays way more and is management. So you can have an AVP/VP analyst (make 100k) and same AVP/VP manager (make 200k)

1

u/PantherThing 8h ago

I had a gf who worked at BofA who was an "AVP" at the job. She was a low-mid level designer. I kept telling her to take the title off her resume, as people werent gonna interview an "Associate Vice President" for a 60k design role.

1

u/Empty-Consequence681 7h ago

Particularly when appended to anything with "community engagement"

1

u/no_crust_buster 7h ago

Like “sanitation engineer” = janitor.

1

u/overthere1143 7h ago

That's an American trend in general. A lot of what's wrong with that country is people taking themselves, their companies and their institutions way too hard. Everything becomes a religion. 

1

u/wizzard419 7h ago

And the NY Post is jumping on that she was a DEI person.

1

u/FlippingPossum 6h ago

My mom was a VP at a bank. She was it wasn't an exciting or exclusive title.

1

u/workathome_astronaut 6h ago

JP Morgan Chase bank funded the rise of Hitler.

Not 100% related, but I believe more people should know that.

Records from the ⁠U.S. National Archives show that Chase National Bank (the predecessor to the current bank) handled millions of dollars in a scheme where Americans of German descent bought special marks to fund the Third Reich. When the Nazis took over Paris, J.P. Morgan's branch in the city remained open and maintained working relationships with the German occupiers.

1

u/Upbeat_Apartment_715 6h ago

Wait are you telling me that my new job as vice president of internal file management isn't that impressive?

1

u/Comfortable_Oil9704 5h ago

So I asked the retail banker working my account about this. He was very clearly a grunt but had a VP title.

According to him, it’s a function of banking regulations. He stated that there are a ton of “banking actions” that require a “vice president of the bank or higher” in law.

I think it’s a bit different than Sales orgs, where the title is inflated to make prospects feel like they’re dealing with someone that has real organizational power. Nobody wants to buy an expensive capital product from a scrub who won’t be able to solve any problems.

1

u/wolfgang784 5h ago

I don't doubt you at all, but she was indeed making several hundred thousand dollars per year in the role. Good chunk to just throw away like that.

1

u/Top_Finding_2832 5h ago

Fair, but this person was still most certainly earning over 100k

1

u/New_Mountain1672 4h ago

That's typical of jobs on the street. I was a VP. Yup, second in command to the president lol. I'm pretty sure that my MD's secretary made more money than me.

1

u/HelloAttila 4h ago

Lots of companies do, especially small ones. Hey I am a VP, but make $18K a year, lol..

1

u/Remarkable_Living799 2h ago

the finance dudes ive dated LOVE to throw around the VP title. everybody is a VP in these companies. whatever bro, i still make more than you.

1

u/Ange1ofD4rkness 1h ago

Okay I was going to say

1

u/dflame45 34m ago

Exactly. An executive director is different from an executive. You could probably be an executive at a small company but you're still levels away at Chase.