WASHINGTON: Christine Lagarde has made a career out of breaking glass ceilings in the halls of international finance and is now poised to break one more, leading the European Central Bank.
She speaks openly about the sexism she has faced in her career, difficulties she faced having a family and a career, and is a fierce advocate for advancing women worldwide.She makes a strong economic case for having more women in positions of power, including saying the financial crisis may not have happened if Lehman Brothers had instead been"Lehman Sisters.""Greater emphasis on women in organizations leads to better governance and decision-making.
But one former IMF official, said her leadership of the fund, with its 189 members, makes her"is exceptionally qualified" to run the ECB. Born to middle-class teacher parents, she went to school in the northern port city of Le Havre and at a prestigious girls boarding school outside of Washington before going on to study at universities in France."Christine Lagarde can take credit for bequeathing an IMF that has become the premier international financial institution," said Masood Ahmed, a former IMF official who now leads the Center for Global Development, an anti-poverty think tank.
Despite a stellar career, her record suffered one significant blemish, when she was convicted in a French court in 2016 for failing to challenge a €404-million award to flamboyant French businessman Bernard Tapie in 2008 over the sale of sportswear brand Adidas.
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