On 1 February 2012 11:59, Ilario Valdelli <valde...@gmail.com> wrote:
> Really strange because the title of president and that of
> vice-president belong to the board.

The title "President" is sometimes used by the chair of the board, but
"Vice President" is usually an executive, non-board, position. Large
banks, for instance, often have hundreds of VPs - it's a
middle-manager rank.

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