Imagine this scenario:
You are a junior who just joined the company. You go work in the office and it happened that the VP of the organization also work in the office on the same day when others wfh. And there are only the two of you there at office. What would you do? Will you initiate any conversation?

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I work in Finance. The rule is to say as little as possible. So keep your head down and do your work until the VP speaks up.

No. I'll acknowledge them with a good morning and small talk for a bit if they seem interested, but then I'm going to my desk, putting my headphones in and getting to work. I'm busy. They're busy. We don't need to chitchat just for the sake of avoiding silence.

1000% initiate conversation. Good for you and them to have a name to a face. Could lead to future opportunities or networking.

No. I will say good morning and tend to my business outside of that unless conversation is initiated.

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