Congress may begin scrutinizing the $250,000 golden parachute given to disgraced and indicted IMF chief Dominique Strauss-Kahn. American taxpayers will be footing the bill for his severance pay.
Fox News is reporting that Rep. Jerry Lewis, R-Calif., will “request hearings in the Subcommittee on State, Foreign Operations, and Related Programs on the IMF directorship, and review what leverage the U.S. might have over operations. Lewis is a member of that subcommittee.”
Other sources tell the Tatler that they may examine the entire pay structure at these development banks. DSK and World Bank President Robert Zoellick both receive higher salaries than the President of the United States and the Federal Reserve Chairman.