July 5 (Bloomberg) — The International Monetary Fund said its new managing director, Christine Lagarde, will receive an annual salary of $467,940 net of income taxes and was told to \u201cobserve the highest standards of ethical conduct.\u201d The IMF released the terms and conditions of Lagarde\u2019s employment today, her first day on the job. Peter Cook reports on Bloomberg Television’s "InBusiness With Margaret Brennan." (Source:…