Or sales. The startup I used to work at, absolutely everyone in sales had some kind of Director or higher title regardless of seniority or role. I guess the theory being you're more likely to take a call from the Senior Executive Director of Business Development (never mind that said Senior Executive Director is 23 years old and has zero decision making authority). I always wondered if people actually fell for this crap.

It's prolific because banking clients want to work with someone in a position of authority.