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Wolfowitz Hints at Resignation

By Peter Fearon,  Newser Staff

Posted May 1, 2007 6:07 AM CDT
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(Newser) – Besieged World Bank president Paul Wolfowitz suggested for the first time that he would resign his post—but only if he is first cleared of wrongdoing in ordering promotions and pay raises for his girlfriend Shaha Riza, reports the Wall Street Journal. A committee of the bank's board, investigating the charges, heard from Wolfowitz and Riza yesterday.

“Only when the cloud of these unfair and untrue charges is removed, will it be truly possible to determine objectively whether I can be an effective leader of the World Bank,” he told the committee. But Wolfowitz also raged against criticism of his conduct as “a smear campaign” intended to “undermine my effectiveness as president.”

World Bank President Paul Wolfowitz listens during a news conference at the conclusion of the 2007 Spring meetings at IMF headquarters in Washington, Sunday, April 15, 2007. The controversy involving Wolfowitz and his involvement in a pay increase awarded to a close female friend has put his position in jeopardy...
World Bank President Paul Wolfowitz listens during a news conference at the conclusion of the 2007 Spring meetings at IMF headquarters in Washington, Sunday, April 15, 2007. The controversy involving...   (Associated Press)
World Bank President Paul Wolfowitz arrives for a meeting of the Development Committee of the International Monetary Fund and World Bank at World Bank headquarters in Washington, Sunday, April 15, 2007. The controversy involving Wolfowitz and his involvement in a huge pay increase awarded to a close female friend has...
World Bank President Paul Wolfowitz arrives for a meeting of the Development Committee of the International Monetary Fund and World Bank at World Bank headquarters in Washington, Sunday, April 15, 2007....   (Associated Press)
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World Bank Crisis

Wolfowitz Goes on the Attack, but Hints at a Deal
New York Times

Wolfowitz Statement to Panel
Financial Times (UK)

 
investigation • World Bank • Paul Wolfowitz • Shaha Riza • business • scandal

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