You're making a joke (and the reference is great) but this is actually what happens. It's where the idea of "Lead" came from, and in many other industries it's much worse. It's why in business there's "(Acting) Associate Senior Execuitve Global Managing Director, Clients and Markets" type positions, so nobody can definitively compare themselves to one another ("oh, so you'll be reporting to me") and people can feel like they're moving up, instead of just being called "manager" or whatever and understanding it's a wide band.
I don't know Goldman at all, but I know there are plenty of corporations engaging in labor fraud by giving everyone and the kitchen sink the title of "Vice President" because of the benefits under the labor laws. Doing so is fraud if it is clear the title is given to hundreds, if not thousands, of employees who actually perform no functions that warrant an executive title. I worked at a Fortune 500 company with a total workforce ~10,000 of whom ~50% had the title of Vice President and another ~25% Assistant Vice President.
And you missed Championship Edition.