Thursday, May 19, 2011

Salaries and Allowances Very large IMF boss


For Dominique Strauss-Kahn, living in a jail cell on Rikers Island are sized 11 to 13 feet, although temporary, is a big change. Over the years, Strauss-Kahn enjoy upscale living. He got a big salary and allowances from his job as Managing Director of the International Monetary Fund (IMF).

Under the contract, salary Strauss-Kahn in 2010 amounted to 441,980 U.S. dollars. The amount is greater than the salary of President Barack Obama, and Strauss-Kahn did not pay income tax. In addition, Strauss-Kahn to receive an annual allowance of 79,120 U.S. dollars received on a monthly basis. The amount is separate from the cost of entertainment, which, according to the contract, will be replaced with a system of reimbursement. The cost of travel and hotels, for Strauss-Kahn and his wife, borne by the IMF. Listed also in the contract that Strauss-Kahn and anyone in his family to fly in first class flight, every time he flew in formal affairs. Details of the contract that Strauss-Kahn on IMF website.

For critics of the IMF, salaries and benefits that are difficult to understand, especially, they said, because the agency charged all costs to the countries that the IMF lending. "The taxpayers of the borrowing countries the IMF funds not only bear the IMF boss's salary. They also have to pay the costs by the second, that they have a policy which required the IMF, which often hurt, especially, the ordinary working class, "said Peter Chowla of the Bretton Woods Project, the regulatory body that monitors the World Bank and IMF policies. The taxpayers of the countries hit by the global recession, such as Greece, Ireland, Portugal, and Indonesia, most felt hit by IMF policies.

IMF spokesman William Murray, in an e-mail to CNN, said Strauss-Kahn said the IMF is actually an effort to not rely on borrowings to finance its operations. He also said the payment to the IMF staff has noticed the market paid in various markets and "we pay authorized by shareholders every year." He added that salary increases Strauss-Kahn and other IMF executive under the inflation rate.

Murray emphasized that the IMF does not buy luxury homes for Strauss-Kahn in Washington as well as various other properties owned by the family reported. Houses in Washington, is located on the edge of leafy street in the neighborhood of Georgetown, worth about 4 million U.S. dollars, according to real estate records. The record shows the house is registered in the name of Strauss-Kahn's wife, Anne Sinclair.

According to The New York Times, the couple also has two apartments in France which is worth up to several million dollars and a house in Marrakesh, Morocco, which was purchased for more than 700,000 U.S. dollars. Anne Sinclair, who was once a popular figure in French television, reported to have inherited wealth from his grandfather, a wealthy merchant in the field of art. That probably explains the lifestyle that Strauss-Kahn appears to be outside the fairness, although salary and other facilities that he got too big.

Murray said there was no IMF employees who live in the U.S. who receive housing allowances. Only employees of the IMF who live outside the U.S. who receive housing allowances. IMF employees who live in the U.S., he said, just get grants to pay tuition fees of their children.

Dominique Strauss-Kahn accused of sexual assault and attempted rape of maid hotel room from Guinea who was 32 years old in a hotel room in New York. Strauss-Kahn's lawyer denied the accusations.

For some analysts, the salary and allowances Strauss-Kahn is not excessive. John Sewell, an analyst for New Rules for Global Finance Coalition, said, "I have no problem with that salary. I think it's one of the most important job in the world. And that is reflected from the fact that Dominique Strauss-Kahn played a very central role in dealing with crisis global finance. We hope the situation can be resolved in the next few years. "

Strauss-Kahn, says Sewell, is a "dominant figure". "He changed the IMF. The IMF, when he came in, faced with the condition of being an organization that is not relevant. Nobody wants to borrow money from the IMF, and he drastically reforming the IMF. He paid for it. What some people will think is a fee that large, but compared with Wall Street bankers, it's a relatively small amount of money. "

However, Strauss-Kahn is struggling against the perception of his lifestyle, even before the alleged sex scandal in New York. Earlier this month, a photo of him being walked into a Porsche car costing U.S. $ 90,000 provide ammunition for critics to dub him as a "caviar socialist" even though the car was definitely not hers.

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