
I think we all remember how Dominique Strauss-Kahn was handled when he fell out of favor. Looks like it's time for Lagarde to hit the highway.
http://www.nytimes.com/2014/08/28/b...chief-under-investigation-in-france.html?_r=0
Some speculation on who might replace her:
http://globaleconomicanalysis.blogspot.com/2014/08/imf-chief-under-investigation-in-french.html
Christine Lagarde, the head of the International Monetary Fund, said on Wednesday that French prosecutors had placed her under formal investigation, in an escalation of a long-running inquiry into a murky business affair that dates to her time as finance minister under President Nicolas Sarkozy.
...
Ms. Lagarde’s lawyer did not immediately return a request for comment, but Ms. Lagarde told Agence France-Presse that she had no intention of stepping down from her post at the monetary fund.
http://www.nytimes.com/2014/08/28/b...chief-under-investigation-in-france.html?_r=0
Some speculation on who might replace her:
...
Waiting in the wings to replace Lagarde is David Lipton, IMF First Deputy Managing Director, a US citizen who would likely replace Lagarde if she could not fulfill her duties.
Previously, Lipton was a Managing Director at Citi, where he was Head of Global Country Risk Management.
...
http://globaleconomicanalysis.blogspot.com/2014/08/imf-chief-under-investigation-in-french.html