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IMF chief will receive compensation of at least 60 percent of annual salary even if dismissed
Finanacial Magazine ^ | May 15, 2011

Posted on 05/16/2011 8:44:09 PM PDT by La Lydia

IMF Chief Dominique Strauss-Kahn, aged 62, was indicted for sexual aggression and attempted rape...The institution requires employees to comply with a Code of Conduct which requires compliance with laws, and “following the highest standards of ethical conduct consistent with the values ;of integrity, impartiality and discretion,” according to AFP. The Code of Conduct provides for termination of employment for "serious" violations.

According to Strauss-Kahn's employment contract, published in November 2007 when he assumed the post of IMF Director-General for a term lasting until 2012, even if he is removed by the board he will receive compensation from 60 percent of his annual salary ... of $ 421,000, plus an “allowance” of 75,000 extra dollars, Reuters notes.


TOPICS: Business/Economy; Culture/Society; Politics/Elections
KEYWORDS: otherpeoples; overlords
Other people's money.
1 posted on 05/16/2011 8:44:15 PM PDT by La Lydia
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To: La Lydia

Guess he’ll have to cut back on those $3,000 a night hotel rooms, dang.


2 posted on 05/16/2011 8:46:56 PM PDT by garjog
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To: La Lydia

IMFers belong to SEIU? Who knowed?


3 posted on 05/16/2011 8:59:33 PM PDT by Avery Iota Kracker (Why get 'er done, when you can get 'er did twyst as fast.)
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To: La Lydia

I thought the IMF was big on austerity and fiscal responsibility.


4 posted on 05/16/2011 9:01:56 PM PDT by freedomfiter2 (Brutal acts of commission and yawning acts of omission both strengthen the hand of the devil.)
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To: La Lydia

Bubba will demand a “fair share” of the 60%.

These arrogant a-holes think that the world owes them a BJ.


5 posted on 05/16/2011 9:13:10 PM PDT by 353FMG (The M1911 is mightier than the sword.)
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To: La Lydia

That buys a lot of Top Ramen and mustard packets in the big house, but it is still Top Ramen and mustard.


6 posted on 05/16/2011 9:13:44 PM PDT by ScottinSacto (If anyone will beat Obama, let's not send just anyone.)
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To: La Lydia

Sex sells and pays.

Both ways.


7 posted on 05/16/2011 9:22:52 PM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto.)
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To: garjog

Good he’ll need that money to buy cigarettes at the prison canteen for Bubba.


8 posted on 05/16/2011 9:34:00 PM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
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To: Georgia Girl 2

As long as he doesn’t do anything inappropriate to Bubba.


9 posted on 05/16/2011 9:50:38 PM PDT by Del Rapier
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To: garjog
Guess he’ll have to cut back on those $3,000 a night hotel rooms, dang.

Apparently, there's a lot of rich communists out there who have held nothing but academic and government jobs.

10 posted on 05/16/2011 10:51:20 PM PDT by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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To: La Lydia
Well obviously, the US should zero out any contribution to the IMF's upkeep.

Oh wait. There's only a how many trillion of Treasury debt to roll over??

Well, I guess, that means it's time for Lady Liberty to get on her knees and perform a Lewinsky or two!

Who's to blame?

Our fellow sheeple who have voted for progress or change or benefits or security or whatever. God damn them all!

11 posted on 05/16/2011 11:04:31 PM PDT by cynwoody
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