Finance: The General Practitioner

When Pierre-Paul Schweitzer was first mentioned as a successor to the late Per Jacobsson as the $40,000-a-year (taxfree) head of the International Monetary Fund, everyone seemed in favor of the idea—except Schweitzer himself. An unassuming and dedicated French senior civil servant, Schweitzer was reluctant to leave his post as No. 3 man (with a chance for the top job eventually) in the Bank of France, did not like the idea of moving his wife and son from Paris to Washington. Word went out that he had been Jacobsson's own personal choice, and...

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