IMF Won't Punish Boss Over Affair

But 'serious error in judgment' sidetracked fund
By Wesley Oliver,  Newser Staff
Posted Oct 26, 2008 9:08 AM CDT
Anne Sinclair, the wife of IMF chief Dominique Strauss-Khan, said her husband's indiscretion was a "one-night stand," and that they personally have moved on.   (AP Photo/Bob Edme, file)
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(Newser) – The IMF’s governing board unanimously cleared its managing director of using his position to pursue an affair with a subordinate, the Wall Street Journal reports. Dominique Strauss-Kahn didn’t engage in “harassment, favoritism, or any other abuse of authority,” but his actions were “regrettable and reflected a serious error of judgment,” the board said, citing the incident as a major distraction for the fund.