By Shelley DuBois, writer-reporter
Today, the International Monetary Fund selected Christine Lagarde as its next director to replace the disgraced Dominique Strauss-Kahn, who resigned on May 18 amid accusations that he sexually assaulted a maid in a New York hotel.
It doesn't really matter whether Lagarde would be the best choice for the position had Strauss-Kahn's term come to a natural end: she's a good choice for right now.
In a crisis, "Sometimes you're going to have to compromise -- you're going to choose the candidate as a concession to certain interests," says Gene Grabowski, senior vice president and chair of the crisis and litigation practice at Levick Strategic Communications.
While Lagarde's appointment is not necessarily a concession, there are several reasons why she fits the bill.
For one, there's no better time for the IMF to hire its first female director. Grabowski says: "It sends a message that the organization isn't just an old boy's club and is aware of the seriousness of the charges against Strauss-Kahn." More
|NJ agrees to ban Tesla direct sales|
|Obama wants to expand overtime pay|
|Inside the underground sex economy|
|Mt.Gox CEO's U.S. assets frozen|
|Bitcoin: taxes are the real reason it's doomed|