Is Agustin Carstens Too Fat To Be IMF Chief?

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By Douglas A. McIntyre Updated Published
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The race to be IMF chief has come down to two candidates. The favorite is France’s finance minister, Christine Lagarde. She has been deeply involved in the EU bailouts of Greece and Portugal and is seen as critical to ensuring German participation in the future funding of troubled nations. The objection to her, mostly from developing nations, is that she would be one in a long line of Europeans to run the IMF. Europe is not the economic power it once was. Large developing nations like China may want a chief who has ties to the rising powers of Asia and Latin America.

The other candidate for the IMF job is former Mexican central bank head Agustin Carstens. He is a favorite of many of the countries outside the US and EU. He could be a bridge between Mexican allies, which include the US, and developing nations like Brazil.

The question is whether Agustin Carstens has the stamina and endurance to perform this job over a long period of time. This has nothing to do with his intellectual gifts or his long-time role as a financial policy maker. Among other credentials he has a Ph.D.in economics from the University of Chicago. He was also Mexico’s minister of finance from early 2006 to early 2009. The issue about Carstens is that, at 54, he is morbidly obese. Many people would say that weight should not rule him out as a possible IMF head and the subject is generally taboo. But, obesity does have a recognized effect on health and energy and increases the risk of many serious illnesses in a middle aged man .Dominique Strauss-Kahn had a grueling schedule over the course of the long period in which he served as the IMF director.  The economic crisis only increased the tremendous  amounts of travel and grueling hours of work.

The issue of obesity could be seen as  discrimination and in many cases it would be. However the next head of the IMF will be managing both the crisis in Europe and the broader issues of the role that the countries of the old world and the new have in the agency’s agenda. Is health a critical factor in the selection of the next IMF head. It is a fair topic to raise about Agustin Carstens, particularly when the demands on the organization and its director are greater than ever.

Douglas A. McIntyre

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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