Word: straussed
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...Alerted to the liaison this summer, the IMF's board contracted an independent Washington law firm to investigate whether Strauss-Kahn might have abused his power in one of two ways: by pressuring Nagy to resign once their relationship ended or by intervening to enhance the compensation she would receive when she decided to leave on her own. Findings on both types of potential misbehavior are expected Friday...
...available evidence has surfaced to contradict Strauss-Kahn's assurances that "at no time did I abuse my role as director-general." Lawyers for Nagy, a Hungarian economist who now works in London for the European Bank for Reconstruction and Development, say she left the IMF of her own will and received standard compensation under a cost-cutting plan that eliminated 380 positions via voluntary departures. Caught red-handed after Nagy's husband discovered e-mail sent last January during the monthlong affair, Strauss-Kahn owned up to the tryst, stressing that his transgressions ended there. On Monday, Strauss-Kahn...
...That quick avowal has led most French commentators and political insiders to believe that Strauss-Kahn will emerge from the scandal intact as long as no abuse of power is substantiated. If they are right, Strauss-Kahn would escape the fate of former Bush Administration official Paul Wolfowitz, who was forced to resign his job as president of the World Bank in May 2007 after it was established that he had intervened to secure unmerited promotions and severance payments for his female companion, who also worked for the organization...
...expected, this shows Strauss-Kahn was personally cavalier rather than guilty of an offense, then we're likely to see people in France and elsewhere file this away as a private matter," says Dominique Moïsi, senior adviser at the French Institute of International Relations. "From there he'll be judged on how he handles the most critical challenge facing the planet: reforming the world's gravely troubled finance system...
...Indeed, despite the notoriously rigid rules of conduct enforced at the IMF and other international organizations, the dramatic economic situation appears to be dampening any enthusiasm for seeing any more lofty heads fall. Especially in France, rumors are swirling that the initial press leaks of the Strauss-Kahn investigation stemmed from Russian and American rivals who covet his position and fear the French Socialists would favor an inordinately rigorous approach to regulating the global finance system. Nevertheless, some suggest there is little appetite within the IMF for an extended period of uncertainty over its leadership...