who will be next World Bank President What will they do
 
 

     
 

Wolfowitz broke Bank rules. Bloomberg is reporting that the Panel has found that "Wolfowitz violated the terms of his contract and showed a "disregard for the interests of the institution'' when he ordered a pay raise and promotion for his companion," according to the report released today.

The special panel recommended that the full 24-member board determine whether Wolfowitz "will be able to provide the leadership" to ensure that the bank achieves its mission of fighting poverty around the world.

The report also found that the 36 percent pay increase for Shaha Riza, along with promises of future raises, violated staff rules and that Wolfowitz "placed himself in a conflict-of- interest situation.''

As usual his lawyer is whining about " the rush judgement" whilst Paulson is backing him:Treasury Secretary Henry Paulson today defended Wolfowitz and said he should keep his job, citing missteps "on all sides'' and a breakdown in communications. The U.S. is the largest shareholder in the World Bank.

Paulson "spoke to some of his colleagues today from other countries and expressed that he does not think the facts merit dismissal,'' Treasury spokeswoman Brookly Mclaughlin said in a statement.

The Beaver ~ May 15, 2007


 
 
Presidents 1946 - Present Day
 
spacer    

"Keep track of the rumored candidates, power plays and buzz."
The Washington Post

Next & Previous

« World Bank Board of directors releases its report (updated, news links). | HOME | World Bank Country Directors Weigh in on Wolfowitz. »

Categories

Bolton

Chirac

Comment

Frist

Malloch Brown

Mr W's cronies

Mr W's past

Mr W's pledges

Rumsfeld

Santorum

Setrakian

The Process

Tony Blair

World Bank president

"Offering the rumors and gossip usually reserved for Washington's bars and back rooms."
Reuters

WBpresident.org in the news

Wolfowitz-Riza-Cleveland: New Evil-doing?
Wolfowitz's right hand man jumps ship.
Caught in the World Bank storm.
We're in the papers! worldbankpresident.org media mentions.
Hot blogging on the World Bank president.
Media contacts.
Card wants Snow.
New candidate, French views.
An £8200 job ad.
Bank chief's parting shots.

"Accomplished and intelligent… sifts through the speculation and brings you the latest news."
The Guardian

Recent Rumours

Zoellick bearhug photo.
Like old times: Zoellick and Lamy
Another middle aged white American for the World Bank !
Globe and Mail: Euros Already Agreed not to Raise Questions
Official: Zoellick according to AP.
It's (un)Official: Zoellick
Zoellick will get the nod from Germany.
An opportunity at the World Bank
UPI: Wolfowitz Replacement This Week
UK involvement in the Foundation for the Future.

Links

The World Bank
Bretton Woods Project
Eurodad
IFIwatchnet

Search this site


Archive

May 2007
April 2007
April 2005
March 2005
February 2005
January 2005



ifiwatchnet     riverpath
 
spacer