Leaving Prison on Bail, Strauss-Kahn Set to Receive $318K 'Golden Parachute'

[steve2470]

Ex-International Monetary Fund leader Dominique Strauss-Kahn listens to proceedings in his case in New York state Supreme Court, Thursday, May 19, 2011. (/AP Photo)

http://abcnews.go.com/US/leaving-prison-bail-dominique-strauss-kahn-receive-318k/story?id=13644735

As Dominique Strauss-Kahn prepares for release from jail on highly conditional bail after being indicted by a grand jury on rape charges, the former IMF chief will reportedly get an exit package including an annual pension of more than $318,000.

After appearing in court Thursday, a judge granted him a $1 million bail, an additional $5 million insurance bond, and house arrest in New York City as well as 24-hour monitoring.

Strauss-Kahn's time under house arrest will be at Bristol Plaza on Manhattan's Upper East Side. The luxurious building specializes in corporate rentals of as much as $14,000 a month for a two-bedroom apartment.

In court Thursday Strauss-Kahn blew kisses to his family in a rare light moment after a few very heavy days for the renowned economist. The judge accepted the argument that he had no reason to flee the United States, and his offer to stay confined in the New York apartment rented by his wife while wearing an electronic monitoring device.

[peace13]

1. 'No reason to flee'

Even though he was on a jet when he was apprehended. Ya gotta love it.