They're all vice presidents there? American Psycho is becoming truer every day. ... (2024)

spindritf on Sept 3, 2014 | parent | context | favorite | on: Sergey Aleynikov Loses in Goldman Fight Over Fees


They're all vice presidents there? American Psycho is becoming truer every day.

the ruling gives Goldman an incentive to keep the ambiguous language in place so it can reserve the right to make “unpredictable post hoc determinations about which former employees should be advanced attorney’s fees and which shouldn’t,” Fuentes wrote.

Maybe there's some selection bias going, or I'm a contrarian, but somehow dissents usually make more sense than rulings.

They're all vice presidents there? American Psycho is becoming truer every day. ... (1)

mcpherrinm on Sept 3, 2014 | next [–]


American Psycho's use of VP was a reflection of the existing banking culture: It is not becoming truer; it already was.

They're all vice presidents there? American Psycho is becoming truer every day. ... (2)

tlrobinson on Sept 3, 2014 | prev | next [–]


Yeah, GS has something like 12,000 "Vice Presidents", or ~40% of their employees.

https://www.quora.com/How-come-Goldman-Sachs-has-12-000-VPs

They're all vice presidents there? American Psycho is becoming truer every day. ... (3)

mbesto on Sept 3, 2014 | prev | next [–]


There is a proliferation of VPs in financial institutions because it makes their clients feel like they are dealing with someone senior. Serious.

They're all vice presidents there? American Psycho is becoming truer every day. ... (4)

jmsdnns on Sept 3, 2014 | prev | next [–]


That's how Bear Stearns was when I was there, 26, and a VP. The title is pegged to the salary, not responsibilities.

They're all vice presidents there? American Psycho is becoming truer every day. ... (5)

ianstallings on Sept 3, 2014 | parent | next [–]


Serious question, does that make your job search harder when you leave to a place that doesn't hand out VP titles? People seem to be very particular about titles.

Edit: Why did someone down vote me for asking a question? Don't be so goddam sensitive.

They're all vice presidents there? American Psycho is becoming truer every day. ... (6)

bushido on Sept 3, 2014 | root | parent | next [–]


> does that make your job search harder when you leave to a place that doesn't hand out VP titles?

Doesn't make the job search harder within the financial industry. In my experience the majority people are recruited/courted extensively for positions in the industry, hence it's not quite a "job search" in the majority of the cases.

On the other hand, if they could choose other titles, on the lines of "lead guitar" they may have trouble with job search. People generally seem to be very particular about industry-based titles.

They're all vice presidents there? American Psycho is becoming truer every day. ... (7)

ianstallings on Sept 3, 2014 | root | parent | next [–]


I agree, with such a stupid title as "lead guitar" people would never know how important I am and they might not court me. Which I am dying to do. I hope to have one day a whole wall filled with titles, certificates, and bonafides that I can point to and say "look at all those pieces of paper". Because writing software, well that's just a distraction from my real job - getting important titles..

They're all vice presidents there? American Psycho is becoming truer every day. ... (8)

deciplex on Sept 4, 2014 | root | parent | prev | next [–]


>Why did someone down vote me for asking a question? Don't be so goddam sensitive.

It's getting to the point now where people are downvoting on HN not just bad or off-topic posts, or posts they disagree with (which is already pretty close to ridiculous), but even just posts they don't think they themselves would have taken the time to write out. I'm pretty sure this post will be downvoted to a very light grey, for example.

It's gotten to the point where if I see a greyed-out post I just automatically give it an upvote. The environment around here has gotten so toxic that it is more often the case that such posts are better than average anyway.

They're all vice presidents there? American Psycho is becoming truer every day. ... (9)

deciplex on Sept 4, 2014 | root | parent | next [–]


aianus you appear to be hellbanned. Looking at your post history it isn't clear to me why, but your post is dead anyway. Seems it was recent?

Kinda ironic considering the subject at hand. FWIW, to answer your question, reddit with a good list of subscribed subreddits, still does the trick IMO. Good enough, anyway.

They're all vice presidents there? American Psycho is becoming truer every day. ... (10)

VolatileVoid on Sept 4, 2014 | root | parent | prev | next [–]


Yes, it makes searching for a job harder. If you start looking for a position outside the banking/finance industry as a developer, nobody understands what a "VP" or an "Analyst" is and that it's meaningless (especially if you don't live in the US or on the east coast of the US).

Recruiters encouraged me to change it and/or edited my resume to read "Software Engineer" and then "Senior Software Engineer."

They're all vice presidents there? American Psycho is becoming truer every day. ... (11)

ownagefool on Sept 4, 2014 | root | parent | next [–]


The recruiters are probably right but you could always just put (aka Software Developer) in brackets of something if you want to represent yourself with the title you were given.

They're all vice presidents there? American Psycho is becoming truer every day. ... (12)

jmsdnns on Sept 4, 2014 | root | parent | prev | next [–]


It had no serious effect on me. If anything, it made it easier because of the perceived importance, but not in any serious way. The name "bear stearns" was provocative enough.

They're all vice presidents there? American Psycho is becoming truer every day. ... (13)

kasey_junk on Sept 3, 2014 | root | parent | prev | next [–]


This doesn't come up much for me as I tend to come into places via reccomendation, but when I do deal with it, I just craft my resume to the expectations of the prospective job.

They're all vice presidents there? American Psycho is becoming truer every day. ... (14)

kevinskii on Sept 3, 2014 | root | parent | prev | next [–]


I downvoted your question because it contributes nothing to the discussion at hand and is unlikely to lead to any interesting side topic. That's all. Don't be so goddamn sensitive.

They're all vice presidents there? American Psycho is becoming truer every day. ... (15)

ianstallings on Sept 3, 2014 | root | parent | next [–]


But it does add to the discussion. It's a serious question about titles, pomp and circ*mstance, and it's repercussions on one's chosen career. As for interesting discussion, uh, look below. Sensitive Susan.

They're all vice presidents there? American Psycho is becoming truer every day. ... (16)

jrockway on Sept 3, 2014 | prev | next [–]


Standard investment bank titles. At BofA, where I worked, the progression was Officer -> Assistant VP -> VP -> Director -> Managing Director.

In the software world, this is something like SWE II, SWE III, Senior SWE, Staff SWE, Senior Staff SWE. The titles in the software world don't make much sense either.

They're all vice presidents there? American Psycho is becoming truer every day. ... (17)

ianstallings on Sept 3, 2014 | parent | next [–]


Man somedays I am just so happy to work for startups. I get to choose my own title. My last one was lead guitar, but it ended up confusing people so I changed it to just "lead". My current one is "software guy".

Edit: Oh sorry, I didn't know this was a serious topic, for serious discussion only. I'll just take my awesome title and go live it up, doing what the f*ck I want. Have fun filling out your TPS reports.

They're all vice presidents there? American Psycho is becoming truer every day. ... (18)

HCIdivision17 on Sept 3, 2014 | root | parent | next [–]


I got a kick out of my first plant job. HR manager asked me what title my position was, I shrugged, "Process Engineer?" And thus became such.

It's fascinating how titles can be both so important legally (i.e. In this article) or irrelevant (everyday life?)

They're all vice presidents there? American Psycho is becoming truer every day. ... (19)

Yardlink on Sept 3, 2014 | root | parent | next [–]


I don't think titles are important legally. It's hard to believe his lawyer misunderstood that when it was apparently true according to the appeal judges. I know for instance, in copyright law, being an "employee" is important for deciding ownership, but you're not an employee just because you boss gives you that title, you have to be acting like one according to an odd set of rules.

They're all vice presidents there? American Psycho is becoming truer every day. ... (20)

legohead on Sept 3, 2014 | root | parent | prev | next [–]


This isn't reddit. HN is serious business.

They're all vice presidents there? American Psycho is becoming truer every day. ... (21)

ianstallings on Sept 3, 2014 | root | parent | next [–]


The funny thing is I was being serious. I guess people just didn't like what I said. So then I turned it up a notch with the edit. Because, well, I am who I am.

They're all vice presidents there? American Psycho is becoming truer every day. ... (22)

vinceguidry on Sept 3, 2014 | root | parent | next [–]


I'm pretty sure legohead was being facetious.

They're all vice presidents there? American Psycho is becoming truer every day. ... (23)

jtfairbank on Sept 3, 2014 | root | parent | prev | next [–]


I was thinking of assigning everyone a fun title, and specific responsibilities to go along with it. For example, a staff member who worked as a barista in a former life could be the "Caffeine Queen" and make delicious caffeinated drinks for our team (only if she wanted to and time permitted, of course). Or I would be Senior VP of silly hats, and ensure everyone has access to a hat incase they needed to change their identity in a hurry.

They're all vice presidents there? American Psycho is becoming truer every day. ... (24)

Cookingboy on Sept 3, 2014 | parent | prev | next [–]


You don't happen to work for Google do you? ;)

They're all vice presidents there? American Psycho is becoming truer every day. ... (25)

dmitri1981 on Sept 3, 2014 | prev | next [–]


Vice President is a mid ranking title in an investment bank for anyone with about 5 to 6 years experience.

They're all vice presidents there? American Psycho is becoming truer every day. ... (26)

ianstallings on Sept 3, 2014 | parent | next [–]


I think the term pomp and circ*mstance is completely appropriate in this case.

They're all vice presidents there? American Psycho is becoming truer every day. ... (27)

loumf on Sept 3, 2014 | prev [–]


Someone once told me (but, I don't know if it's true) that you need the VP title to be able to sign off on trades, which is essentially a contract. That started a culture of proliferating the VP title.

They're all vice presidents there? American Psycho is becoming truer every day. ... (2024)

FAQs

What was the point of the card scene in American Psycho? ›

American Psycho is a satire that points out the ridiculous narcissism and hyper-masculinity of these Wall Street men. No scene encapsulates that more than the business card scene, which is a huge reason why these business cards have become some of the most iconic movie props ever.

What does the Paul Allen card mean? ›

Paul Allen's business card, with its subtle color and watermark, stands out as a symbol of his superiority. This foreshadows the later events in the film where Patrick Bateman becomes obsessed with Paul Allen and ultimately leads to his demise [2].

How many VPs are there at Goldman Sachs? ›

Answer and Explanation: Goldman Sachs has between 10,000 to 12,000 vice presidents, which comprises over 25% of the company's workforce. Goldman Sachs offers the title of Vice President to high performing employees, though the title typically does not come with any extra duties.

Why is everyone a vice president at a bank? ›

It might be because careers in banking have always been quite short – meaning that banks had to tempt juniors with seniority to stay (or at least apparent seniority). It might be because VPs are the earliest stage at which bankers start meeting clients, who also feel the need to talk with someone senior. So…

What was the point of American Psycho? ›

Themes. According to literary critic Jeffrey W. Hunter, American Psycho is largely a critique of the "shallow and vicious aspects of capitalism." The characters are predominantly concerned with material gain and superficial appearances, traits indicative of a postmodern world in which the 'surface' reigns supreme.

What is the hidden message in American Psycho? ›

Patrick Bateman's Violent Sadism Is Why He's A Cultural Icon

American Psycho's meaning is a commentary on the inherent violence of corporate greed. Christian Bale's movie roles are carefully picked, and he has a preference for stories that dig deep into human nature.

How much is Paul Allen worth? ›

Allen was ranked as the 44th-wealthiest person in the world by Forbes with an estimated net worth of $20.3 billion at the time of his death in October 2018. Seattle, Washington, U.S.

What font is the Paul Allen card? ›

The font used for opening titles and the business card of Bateman's colleague Paul Allen is Copperplate Gothic.

How much does a VP at Goldman Sachs make? ›

Get feedback on your pay or offer

The estimated total pay range for a Vice President at Goldman Sachs is $242K–$360K per year, which includes base salary and additional pay. The average Vice President base salary at Goldman Sachs is $199K per year.

How much does a Goldman Sachs partner make? ›

Get feedback on your pay or offer

Create an anonymous post and get feedback on your pay from other professionals. The estimated total pay range for a Partner at Goldman Sachs is $416K–$701K per year, which includes base salary and additional pay. The average Partner base salary at Goldman Sachs is $295K per year.

How long does it take to become a vice president at Goldman Sachs? ›

Instead, you start as an Analyst or Associate and get promoted by performing well and proving that you can work well with clients. If you start as an Analyst, it might take 2-3 years to become an Associate, and it might then take another 3-4 years to become a VP.

Can a CEO fire a vice president? ›

In the case of firing the VP of engineering, a CEO has three choices: Fire the VP and inform the board later, consult with board members individually in advance, or take the issue to the entire board to seek its input and approval in advance.

What is higher than vice president? ›

Typically, senior managers are "higher" than vice presidents, although many times a senior officer may also hold a vice president title, such as executive vice president and chief financial officer (CFO).

What is the only official job of the vice president? ›

The Constitution names the vice president of the United States as the president of the Senate. In addition to serving as presiding officer, the vice president has the sole power to break a tie vote in the Senate and formally presides over the receiving and counting of electoral ballots cast in presidential elections.

Why did Patrick Bateman care about cards? ›

He wanted to show off and impress his colleagues when he realized that some of his colleagues have business cards with better lettering and texture. To him these insignificant details mean that they are better as persons. In his world “better” business cards are extremely important.

What does the business card represent? ›

Personal and Business Marketing: A well-designed business card can be an effective personal or business marketing tool. It represents the visual identity of the person or company and contributes to creating a professional image.

What is the significance of Dorsia in American Psycho? ›

Dorsia's Significance in American Psycho

Bret Easton Ellis's bestselling novel, American Psycho, introduced the world to the fictional restaurant, Dorsia. Set in the 1980s during the height of excess and materialism, Dorsia symbolizes the obsession with status and elitism that permeated American society at the time.

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The director's use of popular '80s music in “American Psycho” both reinforces themes of fitting in and reveals secrets about the main character's psyche.

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