IMF Managing Director Dominique Strauss-Kahn finally pried his cold hands from power. Although Strauss-Kahn followed Machiavelli’s advice all the way to the King’s Court, like most before him, the accompanying temptations were too strong.
So, we now have a textbook “man networks to the top of the pyramid, man becomes overwhelmed by fringe benefits at the top, man abuses position and power, man gets caught, man is pressured to resign, man hesitates, man is pressured more, man finally steps down, new man steps in, wash, rinse, repeat”.
As Strauss-Kahn now transitions from solving Europe’s economic woes to the less glamorous role of defending himself against serious sexual assault charges, IMF first deputy managing director John Lipsky will take over Strauss-Kahn’s role. And we thought only Google (NASDAQ:GOOG) and Facebook needed adult supervision!