Wolfowitz Hires Clinton Lawyer

Endgame near as majority of bank board favors dismissal

(NEWSER) - The World Bank executive board plans to force Paul Wolfowitz out of his post as president this week, reports The Washington Post; they're hoping a vote of no-confidence will induce him to resign without having to risk angering the U.S. by firing him. More»

(NEWSER) - Unflappable contrarian Chris Hitchens casts a sympathetic eye at beset World Bank president Paul Wolfowitz. Cries for Wolfowitz's resignation have crescendoed since revelations that he had a hand in getting his girlfriend, Shaha Riza, a big promotion at the poverty-fighting organization last year. More»

Ex-World Bank president has lost both job and girlfriend

(NEWSER) - First the World Bank dumped him, and now Paul Wolfowitz is on the outs with girlfriend Shaha Riza, Page Six reports. "She was furious about the embarrassment," a source tells the Post, which says she resented implications she'd slept her way to the top. What's more, Riza didn't ask for the promotion that set off the scandal, another source said. More»

White House yields; speculation on successor already lively

(NEWSER) - Paul Wolfowitz will leave the World Bank on June 30, capping a tumultuous two years for the development institution and its beleaguered president. Wolfowitz's tenure was marked by controversy from day one, when he assumed the office under the cloud of the Iraq war, until today, when a drawn-out ethics scandal finally drove him from office. More»

World Bank board negotiating terms of president's exit

(NEWSER) - Paul Wolfowitz may step down from the World Bank as early as today, CNNMoney reports. Wolfowitz and the World Bank board are still wrangling over the terms of his departure, but early accounts suggest that the beleaguered president would leave voluntarily and the bank would admit some responsibility for the handling of a transfer and hefty raise awarded to Wolfowitz's girlfriend. More»