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I expect that, if given the title Director, the candidate has a P&L and makes a significant part of her income through making the P&L. Director should be "Manager of Managers" -- close to "Vice President"

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I would say your expectations are reasonable. The anecdote was more to point out the some of the ridiculousness of title inflation (and now that I reread, I did a poor job of getting that point across). I was no where near director-level in job responsibility, nor did I really want an actual director job to begin with.

But now imagine I'm full of myself with my new "Director" title, and go out to interview for real director-level jobs. Man, the previous company would have done me no favors as I go out there and get absolutely slaughtered in interviews.

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