Thursday, June 16, 2011

Christine Lagarde



From the article, 

Christine Lagarde: 'There should never be too much testosterone in one room'

http://www.independent.co.uk/news/people/profiles/christine-lagarde-there-should-never-be-too-much-testosterone-in-one-room-2206357.html 

 

From The Independent



   "Christine Lagarde believes that women in high places are essential. Men, left to themselves, will usually make a mess of     things. The 2008 financial collapse was, at least in part, she says, driven by the aggressive, greedy, testosterone-fuelled mood of male-dominated, hi-tech trading rooms." 


"Gender-dominated environments are not good... particularly in the financial sector where there are too few women," she said."

Christine Lagarde, the first woman Finance Minister of France, will probably be overseeing the International Monetary Fund (therefore, leading economic reform of the current international financial crisis).  She has already received outstanding electoral support from China, Argentina, and India, who have major pull in determining the IMF's future Managing Director after Dominique Strauss-Kahn's resignation.

 
 
DOW JONES NEWSWIRES 
 


"WASHINGTON (Dow Jones)--The executive board of the International Monetary Fund is planning to interview the two candidates for the vacant managing director spot next week, according to people close to the matter.


Having secured the backing of the European bloc and several emerging-market nations, French


Finance Minister Christine Lagarde is widely expected to win the post to replace Dominique Strauss-Kahn, who resigned last month after being indicted on sexual-assault charges.


Agustin Carstens all but conceded the race earlier this week, saying his chances were slim and Lagarde was the likely winner. While the Europeans rallied early in the process behind their French candidate, emerging-market politics have prevented a similar consensus building for Carstens, the central-bank governor from Mexico.


The IMF executive board is planning to interview one candidate Tuesday and the other Thursday. Given that Lagarde will be negotiating a resolution of the Greek debt crisis in Brussels on Sunday and Monday, the timing may be better for Carstens to go first.


The board could meet at the earliest to cast a "straw poll," or an unofficial vote to determine consensus, for Strauss-Kahn's successor on Friday, June 24. One person close to the matter said the more-likely timing, however, is for an announcement as soon as Monday, June 27. "

-By Ian Talley, Dow Jones Newswires; 202-862-9285; ian.talley@dowjones.com

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