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Disgraced Former IMF Chief Gets $250G in Severance Print E-mail
by Tom McGregor    Tue, May 24, 2011, 04:34 PM

$250 Strauss.jpgWhile awaiting trial over allegations of raping a hotel maid in a $3,000-a-night hotel in New York City, the former International Monetary Fund chief, Dominique Strauss-Kahn will remain in a luxurious penthouse, supposedly under house arrest, and receive a severance paycheck of $250,000 paid for by American taxpayers. Although he publicly admitted to numerous affairs, his wife will pay for the rent of the penthouse, leaving some of to wonder, if his wife is an enabler of his alleged criminal misdeeds.

Fox News reports that, “the former head of the International Monetary Fund accused of sexually assaulting a New York hotel maid will receive a $250,000 severance payment – paid in part courtesy of the American taxpayer – unless U.S. lawmakers can stop the ‘golden parachute’ from landing in the French politician’s bank account.”

The IMF contends that it has no discretion over the matter of Strauss-Kahn, who had already been earning nearly $500,000 annually, as managing director when he resigned after being arrested in New York. His contract stipulated that he would receive a one-time severance, along with a much smaller annual pension, even if he was forced to resign unceremoniously.

According to Fox News, “but considering the heavy financial stake the United States has in the global lender, some lawmakers are trying to exert pressure on an organization that has come under increased scrutiny over how its vast international resources are being used.”

In a written statement, Rep. Cathy McMorris Rodgers (R.-Wa.) House Republican Conference vice chairwoman, told Fox News that, “the scandal at the IMF is putting that organization in the public eye again and American taxpayers – who pay the largest share of the IMF’s bills – are raising a lot of important questions.”

To read the entire article from Fox News, link here:

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written by ElHombre , May 25, 2011

$250,000?!? Wall Street folks must be laughing their a$$es off at this amateur. Now-Florida Gov Rick Scott cost his old company over $2 billion in fines and lawsuits for frauding American taxpayers and they STILL gave him a $10 million severence package. Plus stock options.

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