Vice president

In parliamentary or semi-presidential systems, a vice president may coexist with a prime minister, as is the case in India and Namibia, but the presence of both offices concurrently is rare.

As many of these VPs have minimal employees reporting to them, their necessity has been questioned, with for example Inc. magazine arguing to flatten the corporate hierarchy.

[2] Similarly, as universities have adopted a corporate structure[3] there is concern over administrative bloat[4] and over-paying VPs.

[5] Benjamin Ginsberg, a political scientist and professor, has claimed the proliferation of VPs and other administrators is destroying universities.

Not all vice presidents in a company in the modern business environment are named as an official corporate officer.

In either case the responsibilities may be overall to the company, a region (US, EMEA, CEE...), business unit or function such as sales, marketing, IT etc.

In financial companies, a "vice president" is usually a seniority rank that denotes higher responsibility, though such may not be leadership.

Financial services companies have multiple vice presidents,[7] possibly because the title is a form of delayering when an employee can not be moved higher in the organization but still deserves recognition.