An alternative explanation of why the Lulu Fund replaced actual possession of Lulu is, as I said earlier, there was a problem in early game designs that OWI worried that Lulu was too major a character, almost as much as Abe and Munch, and they wanted to downplay him.
As for why there are Lulu Fund Vendos in Glukkons' offices, I take the strictly gameplay view that it's there because it has to be. It's no different from the oh-so-conveniently placed Vendos in Munch's Oddysee or the SoulStorm Vendos in Abe's Exoddus.
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