Paul Wolfowitz Scandal

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October 2008
- Amid Scandal, IMF Exec Wins Praise for Nimble Work
  
  Bloomberg | Oct 20, 08 1:05 PM CDT
  
  (Newser Summary) - Even as he faces a probe for misconduct, the head of the International Monetary Fund is being praised for a decisive response to the world financial crisis, Bloomberg reports. Europe’s chief banker says he’s “convinced the investigation will prove that Dominique Strauss-Kahn didn’t abuse power.” Strauss-Kahn, 59, has streamlined the fund’s process for loans to strapped countries, with Iceland and Hungary among the needy. More »
January 2008
- Wolfowitz Appointment Draws Fire
  
  New York Times | Jan 25, 08 11:45 AM CST
  
  (Newser Summary) - Paul Wolfowitz is returning to the Bush administration as a security adviser, and even before it was official, the appointment was drawing boos, the New York Times reports. The controversial figure will take Fred Thompson’s seat as chairman of the Secretary of State’s International Security Advisory Board, an influential group studying arms control and military issues. More »
June 2007
- World Bank Confirms New Prez
  
  BBC | Jun 26, 07 5:48 AM CDT
  
  (Newser Summary) - Declaring that he's looking forward to "encouraging hope, opportunity and dignity," Robert Zoellick was elected yesterday to succeed the embattled Paul Wolfowitz as new chief of the World Bank. The Goldman Sachs investment banker and former US deputy secretary of state will officially step into office July 1. More »
May 2007
- Zoellick Vows to Mend World Bank
  
  Reuters | May 31, 07 7:37 AM CDT
  
  (Newser Summary) - Robert Zoellick knows he has his work cut out for him, and he says he will try to "calm the waters" if he is confirmed as World Bank president. "This institution has been through a traumatic period and there is a lot of anxiety, some frustration and anger," says the designated successor to Paul Wolfowitz. More »
- Former Trade Rep to Head World Bank
  
  New York Times | May 29, 07 5:30 PM CDT
  
  (Newser Summary) - President Bush will tap former US trade representative Robert Zoellick as the new World Bank prez, sources close to administration said this afternoon. Zoellick, who has spent over 20 years in government, served as deputy secretary of state and the country's top trade official until last year, when he joined Goldman Sachs. More »
- Wolfowitz defends his record: Paul Wolfowitz has defended his record in his first full-length broadcast interview since resigning
  
  BBC | May 28, 07
- Frist Heads World Bank Shortlist
  
  Wall Street Journal | May 24, 07 6:10 AM CDT
  
  (Newser Summary) - The White House is eying former Senate majority leader Bill Frist to take the World Bank presidency soon to be vacated by Paul Wolfowitz, the Wall Street Journal reports. Also getting a look are Treasury No. 2 Robert Kimmitt, onetime trade representative Robert Zoellick, and Federal Reserve chairman Paul Volcker, star of the UN Oil for Food investigation. More »
- Wolfowitz Reportedly Back on the Market
  
  New York Post | May 23, 07 3:36 PM CDT
  
  (Newser Summary) - 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 »
- Wolfowitz Torpedoed 2nd Chance
  
  New York Times | May 18, 07 11:14 AM CDT
  
  (Newser Summary) - 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 »
- Wolfowitz Resigns From World Bank
  
  Financial Times (UK) | May 17, 07 5:59 PM CDT
  
  (Newser Summary) - 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 »
- Wolfowitz Headed Out the Door
  
  CNN | May 16, 07 3:55 PM CDT
  
  (Newser Summary) - 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 »
- White House Support for Wolfowitz Crumbles
  
  Washington Post | May 16, 07 6:26 AM CDT
  
  (Newser Summary) - The White House is looking for an exit srategy for besieged World Bank President Paul Wolfowitz. After months of unwavering support that failed to soften the bank's European partners, the Bush administration has indicated a willingness to replace him if it can be done without firing, the Washington Post reports. More »
- Wolfowitz Blames Ethics Panel and Riza for His Woes
  
  Washington Post | May 15, 07 10:27 AM CDT
  
  (Newser Summary) - Paul Wolfowitz fought back aggressively in a written response to the charges that he mishandled a raise and promotion for his girlfriend, the Washington Post reports. The embattled World Bank president claims the ethics committee forced him to handle the transfer himself because Shaha Riza was "extremely angry and upset," and so "intractable" that members feared a lawsuit. More »
- Bank Probe Slams Wolfowitz
  
  Financial Times (UK) | May 15, 07 6:21 AM CDT
  
  (Newser Summary) - World Bank President Paul Wolfowitz broke the bank's code of ethics, three bank rules and the terms of his own contract when he ordered pay raises and promotions for his girlfriend, a panel investigating his role concluded. The Financial Times details the withering report, which says Wolfowitz displayed "questionable judgment and a preoccupation with self-interest.” More »
- No-Confidence Vote Looms For Wolfowitz
  
  Washington Post | May 12, 07 8:00 AM CDT
  
  (Newser Summary) - 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 »
- Speculation On Wolfowitz Successor Builds
  
  Washington Times | May 10, 07 8:00 AM CDT
  
  (Newser Summary) - As pressure on Paul Wolfowitz to step down grows, so does the list of possible successors to the scandal-battered World Bank president. The conservative Washington Times focuses on Goldman Sachs executive Robert Zoellick, a former official in both Bush administrations; other names in play include Treasury official Robert Kimmitt and Reagan administration throwback Martin Feldstein. More »
- Europeans Offer Deal to Make Wolfowitz Quit
  
  New York Times | May 8, 07 7:00 AM CDT
  
  (Newser Summary) - European partners in the World Bank have signaled to the White House that they want Paul Wolfowitz to resign, the New York Times reports, and they're willing to let the U.S. appoint his successor to make that happen. After an investigating committee found Wolfowitz guilty of ethical breaches, one European official called his credibility "beyond repair." More »
- Bank Panel Faults Wolfowitz
  
  New York Times | May 7, 07 4:07 PM CDT
  
  (Newser Summary) - 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 »
- World Bank Fallout Runs Downhill
  
  Associated Press | May 7, 07 3:30 PM CDT
  
  (Newser Summary) - A top Paul Wolfowitz adviser—and Bush administration loyalist—has announced his resignation from the World Bank, citing the fallout from the Shaha Riza scandal. Kevin Kellems, who met Wolfowitz when both were at the Pentagon, says he cannot be "effective" in the wake of accusations that the bank president inappropriately secured a position for his girlfriend. More »
- Wolfowitz Hints at Resignation
  
  Wall Street Journal | May 1, 07 6:07 AM CDT
  
  (Newser Summary) - 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. More »

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PREMIUM NEWS ARCHIVE

...Getting Out Painfully.(Paul Wolfowitz leaves World Bank) (U.S. News & World Report)

EDITORIAL: World of a mess: Paul Wolfowitz makes a necessary exit.(Editorial) (Akron Beacon Journal (Akron, OH))

Wolfowitz Fights Back.(Paul Wolfowitz)(Brief article) (Newsweek)

Paul Wolfowitz: Some standard-bearer.(Editorial)(Reprint) (Philadelphia Inquirer (Philadelphia, PA))

Wolfowitz agonistes; World Bank.(Paul Wolfowitz) (The Economist (US))

EDITORIAL: Paul Wolfowitz: Some standard-bearer.(Editorial) (Philadelphia Inquirer (Philadelphia, PA))

FINANCIAL SERVICES : PARLIAMENT CALLS ON WORLD BANK CHIEF WOLFOWITZ TO RESIGN.(European... (European Report)

Wolfowitz called on to resign.(Paul Wolfowitz)(Brief article) (National Catholic Reporter)

Boos for Wolfowitz.(World Bank's Paul D. Wolfowitz)(Brief article) (Newsweek)

Activists hound Wolfie.(On the Line)(Secretary of Defense Paul Wolfowitz)(Brief... (The Progressive)

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