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IMF Says Lagarde Will Earn $467,940 Net of Income Taxes

July 5, 2011 12:30 PM EDT July 5 (Bloomberg) -- The International Monetary Fund said its new managing director, Christine Lagarde, will receive an annual salary of $467,940 net of income taxes and was told to "observe the highest standards of ethical conduct." The IMF released the terms and conditions of Lagarde's employment today, her first day on the job. Peter Cook reports on Bloomberg Television's "InBusiness With Margaret Brennan." (Source: Bloomberg) (Bloomberg)

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