Guts needed to take top job at the IMF

An ill timed joke apparently prevented war-time president of the BIS, JW Beyen, from becoming managing director of the IMF.

Source: Financial Times

JW Beyen, wartime president of the Bank for International Settlements and later the Dutch director to the IMF, blew his chance of becoming successor to Camille Gutt and Ivar Rooth, the IMF's first two managing directors, by saying: "The trouble with the IMF is that Gutt has no roots and Rooth has no guts." My authority for this is the distinguished