Wolfowitz Headed Out the Door

World Bank board negotiating terms of president's exit
By Marie Morris,  Newser Staff
Posted May 16, 2007 3:55 PM CDT
Wolfowitz Headed Out the Door
World Bank President Paul Wolfowitz departs his home in Chevy Chase, Md., Wednesday, May 16, 2007. Wolfowitz, who is accused by a special bank panel of breaking conflict-of-interest rules, maintains that he acted in good faith in arranging a generous pay package for his girlfriend. He waged a vigorous...   (Associated Press)

(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.

The negotiations came as board members, including usually stalwart American allies, continued to stand by the report of an investigative committee that found Wolfowitz had acted improperly in arranging a new job and salary for his girlfriend, Shaha Riza. The reported resignation comes less than two years after the Iraq war architect took office at the World Bank. (Read more Paul Wolfowitz stories.)

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