Monday, October 20, 2008

IMF Investigates Chief's Relationship With Ex-Employee

http://www.foxnews.com/story/0,2933,440502,00.html



The International Monetary Fund, the IMF, is a huge part in the worlds financial crisis. They recently have hired a law firm to investigate if its chief has had an unappropriate relationship with one of the female employees. Within this article, it is described that Dominique Strauss-Kahn had a relationship with an employee. The investigation of this was first reported on Saturday by The Wall Street Journal. The women involved was said to be Piroska Nagy who is now working in London with the European Bank for Reconstruction and Development. She claims to have not recieved any special treatment while at IMF and voluntarilly left from IMF. The scandal was brought to attention 15 months after Paul Wolfowitz resigned as World Bank president due to an upset over a pay package for his girlfriend who was a bank employee.



This article seemed a little bit unimportant. I guess to others it may be but since I don't really know what the IMF is and what it does other than what I read from this article. To me it seems as if there is so many other things that could be reported on rather than this type. I do suppose that with the way the economy is that and crisis within this issue would make it to the paper. Since IMF deals with the financial crisises of the world today it makes sense to talk about any uproars within it. It seems that only because another person had an issue with how the presidnet of World Bank had a pay package for his girlfriend who worked at the bank, this issue with Strauss-Kahn resurfaced. It's understandable for some to be nervous or questioning the reasons behind the relationship. Could it be to get higher up in the bank? Who knows... I guess this shows one to keep their personal life out of the business world because it could come back to get you when

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