Slapdick VP Loser

Context is important here -- I work at the most slapdick "investment bank" of all time. Its not even really an investment bank by any traditional sense other than the fact we lead M&A processes for lower middle market businesses. I'm an associate and deadass work like 40 hours a week. Make like $150k all in which is miserable for banking but good given the context. We all went to shitty schools and are douchebags.

Now, we have a VP that we hired from some healthcare debt shop, and he is actually a cancer. Stupid as hell, fat, super insecure, sucks bossman's dick til its dry, and says big words to try to compensate for the fact that he is a fat retard. Luckily, I've managed to convince the senior guys that I'm a workhorse because I tried hard in my first year, so they generally let me circumvent this dipshit (deal teams are me, an analyst, and director).

We had a "real deal" come across our desk (~$100mm of EBITDA), and I got staffed on it. After the CIM was built (100+ pager), this dickweed managed to slither his fatass into the deal team after giving the MD an OTPHJ (over the pants handjob). I circumvented him straight to the MD on some stuff and he threw a hissy fit.

I guess my ask is this -- do real investment banks have straight up retards in VP positions? This guy has been here for years and literally never closed a transaction nor has he sourced anything, and he is hated by all. Do I just sack up and fight this fucking kid?