Bank Panel Faults Wolfowitz

By Greg Atwan,  Newser Staff
Posted May 7, 2007 4:07 PM CDT
Bank Panel Faults Wolfowitz
'   (Associated Press)

(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.

Only the board as a whole can fire the president. But the verdict is already sparking speculation about the Iraq war architect's resignation and—for forward-thinking bureaucrats—replacement. The foreign press is hinting that the scandal might afford Europe a chance to pick the president, abandoning the tradition of an American appointment. (Read more Paul Wolfowitz stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X