Wolfowitz Headed Out the Door

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»

Repeated the same mistakes at the Pentagon, World Bank

(NEWSER) - Paul Wolfowitz clung to his job at the World Bank with characteristic tenacity, but friends and colleagues tell the New York Times that his failure there may have been inevitable. He approached the bank position with the same single-mindedness he displayed at the Pentagon, where he was blind to dissenting views and dismissive of naysayers. More»

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) - World Bank president Paul Wolfowitz is guilty of a conflict of interest for finagling promotions and raises for his girlfriend, according to a panel of seven bank directors. The result isn't binding and doesn't recommend a punishment, but bank insiders tell the Times that a majority of the 24 board members want Wolfowitz out. More»

Neocon World Bank president says he won't resign

(NEWSER) - Embattled World Bank president Paul Wolfowitz is hanging tough in the face of a crescendo of calls for his resignation after improperly promoting the interests of his live-in girlfriend. In a weekend of maneuvering, the bank's development committee offered no shelter, issuing a vague but harsh statement that the organization" adhere to a high standard of internal governance." More»