Women 'inject less libido' in business

Agence France-Presse

Posted at Oct 11 2010 11:49 AM | Updated as of Oct 11 2010 08:48 PM

WASHINGTON - French Economy Minister Christine Lagarde said on Sunday that when it comes to matters of business or public life, women "inject less libido" and are less egocentric than men.

"Yes," Lagarde answered when asked by ABC's Christiane Amanpour if women have a different approach to business or the public sphere.

"I think we -- we inject less libido, less testosterone... less testosterone into the equation," said Lagarde, who was in Washington for the IMF and World Bank meetings.

"It helps in the sense that we don't necessarily project our own egos into cutting a deal -- making our point across, convincing people, reducing them to, you know, a partner that has lost in the process," she said.

"It's probably over generalized what I'm saying. And I'm sure that there are women that operate exactly like men," she added.

"But in the main, and having had nearly 30 years of professional life -- a bit more than that, actually... I honestly believe that there is a majority of women in such positions that approach power, decision-making processes and other people in the business relationship in a slightly different manner."

Lagarde is a lawyer and former CEO who was ranked the 43rd most powerful woman in the world by Forbes magazine this year.