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Why Performance Reviews Don't Build VP Reputation

By Mariana Cassimiro · The Seat Advisory

Your last review was strong. Exceeds in most categories, warm language, a line about your potential.

And you are still not in the conversation you thought that review would put you in.

A review is a receipt, not a decision

The review documents a conclusion that was reached elsewhere, earlier, by people talking about you when you were not there.

By the time your manager sits down to write it, the view already exists. They are not forming an opinion on the page. They are transcribing one that formed across a year of small moments, and then calibrating it against what other managers said about their own people in a room you were not invited to.

Which means the document you are reading is the least useful artefact in the entire process. It is the summary of a conversation, delivered after the conversation closed.

What reviews are actually built to measure

Output. Deliverables shipped, quality maintained, deadlines met, stakeholders not upset. These are real things and they matter.

They are also the entrance requirement rather than the differentiator. Everyone at your level is delivering. The review confirms you belong in the population. It does not distinguish you within it.

What distinguishes you at VP is judgment — whether senior people have a specific, confident view of what your call is worth on something that matters. There is no box on the form for that, and the reason there is no box is that it cannot be assessed annually. It is assessed continuously, by whoever happened to be in the room.

Where the view actually forms

Not in the meetings you prepared for. In the ninety seconds inside them where something unscripted happened.

A question you were not expecting. A moment where the room needed someone to say the uncomfortable thing. A challenge that landed hard and everyone watched what you did next. A decision that went wrong and the week that followed.

Those moments are not in your objectives. Nobody schedules them. And they are, almost entirely, what people are referring to when they say someone is ready or not quite there yet — a phrase that sounds like a measurement and is actually a memory.

The room you are not in

Somewhere in your firm, on a recurring cadence, a group of senior people discuss names. Yours comes up or it does not. Someone speaks for you or nobody does.

What that person can say about you is limited by what they have actually seen. If they have seen thorough work, they will say you are thorough, and thorough is not a promotion case. If they have seen you carry a position under pressure, they can say that instead, and that is a different sentence entirely.

You cannot attend that meeting. You can only decide, over the preceding year, what the people in it have to work with.

The uncomfortable implication

Your reputation is not built by you. It is built by other people, using material you supplied, in conversations you will never hear.

That should not be paralysing. It should be clarifying. It means the useful question is not am I doing good work — you are — but what can the three people who matter most actually say about me, in one sentence, without hedging.

If you do not know the answer, that is the work.

The gap the review will not tell you about

A strong review with a stalled trajectory is one of the most common patterns I see, and it is one of the most confusing to live inside. The feedback says you are doing well. The evidence says something is not moving. Both are true, and they are measuring different things.

The review measured your output against your objectives. The trajectory is being set by an assessment of your judgment that nobody has written down and nobody is going to.

Some people have a sponsor who closes that gap for them — who says the quiet thing early enough to act on. Many do not. And the pattern I watched most often over seventeen years was that the people who most needed the direct conversation were the ones most likely to receive the softened version instead, because the person owing them the truth found it easier to be kind than clear.

Kind and clear were never in conflict. Choosing one over the other was a choice, made by a specific person, and it cost someone a promotion cycle.

I chose to stop waiting for the version of that conversation that was never scheduled. I chose to go and find out what was actually being said. It was uncomfortable, it was accurate, and it was worth more than every review I ever received.

What to do with this

Stop treating the review as the scoreboard. It is a lagging indicator of a game being played somewhere else.

Instead, pick the three people whose view of you most shapes what happens next. Ask yourself what each of them has personally witnessed you do — not delivered to them, done in front of them — in the last six months.

If the honest answer is that they have seen your output and not your judgment, you now know precisely what the next six months are for.

Your review was strong. It was also a receipt for a decision made months earlier, in a room down the hall, by people using whatever you had given them.

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Mariana Cassimiro is the founder of The Seat Advisory. 17 years inside Goldman Sachs as Executive Director, now advising newly-promoted VPs and Executive Directors in financial services and fintech. Connect on LinkedIn.