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IMF Chiefwatch: Beginning To Look Like Carelessness

Having one CEO sidelined by a criminal investigation could happen to anyone.   But having two get in Dutch with the law begins to look like carelessness.

First it was Dominique Strauss-Kahn, whose fun-filled lifestyle went sadly and still mysteriously awry in a New York hotel. Now his IMF replacement, the equally French and equally talented Christine Lagarde faces an investigation over the possible misuse of public funds from her tenure as French finance minister. From the WSJ:

France’s top appeal court…will look into whether Ms. Lagarde had been “complicit in the misuse of public funds” in the case, according to a statement by the court.

Ms Lagarde has bravely determined to stay firmly employed during this phase of her court battle, and the IMF board shows no sign of accelerating her retirement.  Apparently the IMF believes that while its head must resign when charged with sexual misbehavior, it is perfectly fine to have its president under investigation for misusing public funds.  I’m sure there is some logic in there somewhere.

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