[matwood]

Yes and no. You have to remember a lot of jobs in $MEGA-CORP don't need much more than a warm body that can open a spreadsheet and mail it out. I deal with these idiots everyday and they often have titles of Project Manager, although I've recently been dealing with ones that have VP titles. The thing is, even in a giant company there are very few people pushing the boulder forward so to speak. So when hiring for non-boulder pushing position it's easy to hire someone with the right credentials because even if they are not the greatest hire ever they can still do the simple job they are given.