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  • IMF chief will receive compensation of at least 60 percent of annual salary even if dismissed

    05/16/2011 8:44:09 PM PDT · by La Lydia · 10 replies
    Finanacial Magazine ^ | May 15, 2011
    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...