Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:El-Erian: Should He Stay or Should He Go Now? Not Rated 5.0 Email Routing List Email & Route  Print Print
Tuesday, May 17, 2011

El-Erian: Should He Stay or Should He Go Now?

News summary by MFWire's editors

Will the DSK scandal reach all the way to Newport Beach, California? According to media reports, it just might. Mohamed El-Erian is being mentioned across the media landscape as a potential successor to Dominique Strauss-Kahn, although whether he wants the top job at the International Monetary Fund is an open question.

Mohamed El-Erian
Pimco
CEO and Co-CIO
After Strauss-Kahn was arrested in New York over the weekend on sexual assault charges, the IMF has named its No. 2 official, John Lipsky as acting head. However, the IMF announced on May 12 -- days before Strauss-Kahn got embroiled in the scandal -- that Lipsky will leave his post in August.

Immediately after the scandal broke, El-Erian wrote a blog post for Reuters, where he outlined the issues the IMF would have to face to replace DSK, suggesting the fund take a "go-slow" approach and hire someone who is well-qualified for the job using a sound process, rather than take its usual feudalistic approach to hiring.

Within hours of the blog post, whoever, reporters started to link his name to the top IMF job. CNN even ranked him number one when it listed possible candidates.

"Here's a snapshot of some of the potential successors the market is putting its money on for the top job," CNN wrote. "Tellingly, many of them are from developing world economies. Many of them have also spent time at the IMF or at the World Bank."

Other media outlets that have named El-Erian as among the potential successors include Reuters and The Associated Press.

Will Bill Gross be left alone in Los Angeles? The answer likely depends on what's the truth behind the stories. Either reporters are purely speculating bsaed upon putting together a number of facts, such as his 15-year career at the IMF, his being Egyptian, his Harvard connection and his widespread credibility in the financial world. Or El-Erian has somehow let slip that he has an interest in the job.

Which of these is true, there's no way to know without talking to El-Erian himself. 

Edited by: Sean Hanna, Editor in Chief


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

5.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use