Wolfowitz to Resign at End of June
JEANNINE AVERSA
The Associated PressThursday, May 17, 2007.
WASHINGTON - Embattled World Bank President Paul Wolfowitz will resign at the end of June, his leadership undermined by the generous compensation he arranged for his girlfriend.
His departure was announced late Thursday by the World Bank board.
Wolfowitz's departure ends a two-year run at the development bank that was marked by controversy from the start, given his previous role as a major architect of the Iraq war when he served as the No. 2 official at the Pentagon.
"He assured us that he acted ethically and in good faith in what he believed were the best interests of the institution and we accept that," the board said in its announcement of his resignation.
His departure was all but forced, however, by the finding of a special bank panel that he violated conflict-of-interest rules in his handling of the 2005 pay package of bank employee Shaha Riza.
The board said it was clear that a number of people had erred in reviewing the pay package.
This is a breaking news update. Check back soon for further information. AP's earlier story is below.
WASHINGTON (AP) , Embattled World Bank President Paul Wolfowitz will resign at the end of June, his leadership undermined by the generous compensation he arranged for his girlfriend. His departure was announced by the World Bank board.
And the bloodletting begins.
When ballots have fairly and constitutionally decided, there can be no successful appeal back to bullets.
—Abraham Lincoln
People pray so that God won't crush them like bugs.
—Dr. Gregory House
Oil an emergency?! It's about time, Brigadier, that the leaders of this planet of yours realised that to remain dependent upon a mineral slime simply doesn't make sense.
—The Doctor "Terror Of The Zygons" (1975)
In Domestic Politics, we call this the domino theory.
This day is Fantastic!
Myers Briggs: ENTJ
Political Compass: -3/-6 DOOMerWoW
"I really hate it when the guy you were pegging as Mr. Worst Case starts saying, "Oh, I was wrong, it's going to be much worse." " - Adrian Laguna
Can someone put together a full list of the amount of Bush appointies who have been kicked out or resigned withen the pased 6 months or so?
Praying is another way of doing nothing helpful
"Congratulations, you get a cookie. You almost got a fundamental English word correct." Pick
"Outlaw star has spaceships that punch eachother" Joviwan Read "Tales From The Crossroads"! Read "One Wrong Turn"!
