Leader 2: Christine Lagarde
Christine Lagarde, born on 1 January, 1956 in Paris, France into a family of academics is the first woman to run the 188 country financial organization, spending much of her two years on the job, battling the debt crises in Europe and calling out for ailing global economies to accelerate steps for a stable growth.
She succeeded Dominique Strauss-kahn as the next person to lead the IMF under a cloud of controversy and in the wake of the global economic crises.
Lagarde was a labor and anti-trust attorney in the US before having a six year stint as French Finance Minister.
Lagarde has certain characteristics that help her succeed as a leader. Her tenacity and commitment are clearly shown through her ability to climb the ranks and reach the positions of power even amidst adversity. Even though she ...view middle of the document...
A mother of two, divorced, she liked to trumpet womanhood as an asset in the huge world of finance. Her say is that women inject less libido and testosterone into the equation, such that women don’t necessarily project their egos every time while trying to strike a deal.
The trait approach applies to Christine, because her attributes helped her directly to reach the top.
Even during rough patches as Finance Minister of France, she got through without resigning because she realized when she messed up and realized when to keep silent instead of trying to defend herself too much. This turned out to be affective as it enabled her to retain her reputation and thus proceed to become the leader of the IMF.
Lagarde is seen to have a transformational style of leadership where her success and leadership style motivates others and also makes her a better human being.
Although she continued with some of the reforms of her predecessor, she decided to do things a little differently. She decided to bring about a change in the organization’s employment, recruitment and training policies so that people are not clones of each other.
It is based on consensus and coaxing colleagues to accept change gradually by listening to and acknowledging their dissent. But Lagarde is no softie.
She is a passionate defender of women’s rights and advocate for women’s equality not just for social issues but also for economic ones. She talks about the different leadership qualities that women bring to the table verses men, in particular related to risk.
As per her belief, diversity, mixing of views, debates, are generally positive forces and more conducive to more stability than single gender world.
Christine Lagarde is an ethical leader especially in contrast to her sleazy predecessor in the IMF.
She does a commendable job of being a beacon in the often dark side of economic institutions in order to bring hope and solutions to the world in this time of financial desperation.