Lawmakers Concerned About Ex-IMF Director's 'Golden Parachute'
By Judson Berger
FoxNews
Published May 24, 2011
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 claims it has no discretion in the matter of Dominique Strauss-Khan, who was already pulling down nearly $500,000 as managing director when he resigned after being arrested in New York. The one-time severance, along with a much smaller annual pension, was part of his contract.
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.
Full article: http://www.foxnews.com/politics/2011/05/24/lawmakers-raise-concern-ex-imf-directors-golden-parachute/
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