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Wolfowitz to Resign Today?
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ShareMay 16, 2007 12:42 PM
World Bank officials say the bank's board is completing an "exit strategy" that will allow World Bank President Paul Wolfowitz to resign this afternoon and "still save some face" over the issue of his efforts to seek a promotion and pay raise for his girlfriend at the bank.
The officials say the bank's board will accept Wolfowitz's resignation but will also acknowledge that the World Bank's Ethics Committee bears "some responsibility" for giving him bad advice on the issue of his girlfriend.
The decision is likely today, officials say, because Wolfowitz had been scheduled to leave tonight for a European trip.
Click Here for Full Blotter Coverage.
German Development Minister Heidemarie Wieczorek-Zeul said yesterday, "He would do the bank and himself a great service if he resigned." The German said Wolfowitz would not be welcome at an Africa forum the bank is holding next week in Berlin should he refuse to resign.
Wolfowitz made an impassioned plea to the board last night to clear his name before leaving.
He said the inquiry into his conduct "has the potential to do greater long-term damage to the institution than the alleged underlying ethics issue that was, in point of fact, put to rest over a year ago."
ABC News was the first to report Tuesday the White House was beginning to change its stance on the Wolfowitz issue.
A senior White House official told ABC News that "all options are on the table" regarding Paul Wolfowitz's future and that "it is an open question" whether he should should remain as president of the World Bank.
May 16, 2007 | Permalink | User Comments (182)
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What a joke the World Bank is for allowing him to "save face". This just goes to show if you have money you can be as unethical as possible but still get away with it. If this was someone else it would have carried far worse consequences. I suppose there is no justice in organizations like this. If you kiss enough butt you can do whatever you want with no penalties. I am sure he is not hurting for money. I love how people put unqualified people in place who get rewarded when there are more qualified individuals buf if you are not in the circle forget it. Shame on the World Bank!
Posted by: Moji | May 16, 2007 12:57:05 PM
The World Bank didn't put him there, the US did.
Posted by: ntsc | May 16, 2007 12:59:40 PM
...
Whoa, who could have predicted this would
happen?
Competent people could have, I suppose,
other than THAT, sure.
woah boy...
..
Posted by: wellstoner | May 16, 2007 1:01:22 PM
The last time Wolfie was able to execute his spin, he got the U.S. to invade a country that was a pain-in-the-neck BUT not a threat. As a result of his "spin", over 3,000 Americans have died, more than 25,000 have been physically and mentally maimed, and we have spent nearly a half a trillion dollars. Perhaps the best way to allow Wolfie to save face is to hand him a rifle, give him a Kelvar vest, and send him to Iraq.
Posted by: Arthur Schwartz | May 16, 2007 1:03:07 PM
What's new?
Yet another Bush crony, yet another scandal.
Posted by: LTO | May 16, 2007 1:05:35 PM
Really who cares. I see no reason friends and relatives can't benefit from my hard work. If I were in such a position, I would hire any and all of my friends and relatives... IF THEY ARE QUALIFED. I mean really.... who cares.
Posted by: BUSY | May 16, 2007 1:09:45 PM
"Save Face" baloney. This is so he can continue to collect some sort of big retirement (golden parachute) payment. Look.....go home and live off your girl friends big salary bozo. Wolfy...your my hero.
Posted by: David | May 16, 2007 1:09:52 PM
Face-saving seems to be a pre-occupation with the Bush Administration and their cronies. The Iraq debacle, massive corruption, sole-source contracting to Halliburton et. al., the firing of 8 U.S. Attorneys, political appointments designed to undermine consumer protections etc. ... historians will have a field day with this crew.
It took 9 years, but Wolfowitz finally pays for his most outrageous pursuits, which were not committed during his tenure at the World Bank.
Posted by: Terry | May 16, 2007 1:12:06 PM
save face? wolfowitz has no face to save. his credibility and integrity are non-existent. wolfie, in the annals of history, will not be remembered kindly. maybe he should go to iraq, pick up a rifle and get busy?
Posted by: Samson- | May 16, 2007 1:13:58 PM
Sure, no problem, let him save face, but get his skanky, lying, cheating, incompetent butt OUT of the WB.
Posted by: POed Lib | May 16, 2007 1:14:51 PM
Why does a thief get a chance to save face?
The bush administration has done nothing to deserve any face saving.
Posted by: mark | May 16, 2007 1:14:55 PM
Why not just fire him? If you ask me its WAY too late for Wolfowitz to save face. He might have been able to do so 2 weeks ago, but not now. Just fire him.
Posted by: turtle | May 16, 2007 1:21:56 PM
If indeed there is a vacancy I would be willing to take the job. I know at least as little about international monetary policy and economics as Wolfowitz did when he took over at the bank and my wife already has a well paying job.
Posted by: Democratis | May 16, 2007 1:22:10 PM
hot damn...! let it be true... as naomi klein said a few weeks ago...
-----
...the fleeting rush that comes from forcing neocons to resign.
-----
you betcha... i'll take that "fleeting rush" and love it...
Posted by: profmarcus | May 16, 2007 1:23:23 PM
A casualty of love, the poor romantic sap. Women seem to be too much trouble for him. Perhaps he should go gay like so many Republicans are doing these days. Or, maybe he should stick to getting massages from 'Central-American gals'.
Posted by: Christian Morewhite | May 16, 2007 1:24:17 PM
Heckuva job Wolfowitz!!!!!!!
Posted by: don | May 16, 2007 1:25:39 PM
Is anyone going to ever wake up and smell the common denominator or is everybody to busy getting paid for imcompetence. THE BUSH"S have sat the supreme court- appointed the world bank- and literaly stole the oil from the Iraqi people that we are being forced to pay top dollar for, how much longer are we going to let the rich keep getting richer and further more HOW MUCH MORE COULD THEY POSSIBLY NEED !!!!!
Posted by: www | May 16, 2007 1:26:51 PM
Let him hang. No face-saving. Play his kind of game back to him: make him THINK there'll be a face-saving, wait until he resigns, then give him both barrels.
3,000 US troops dead, 600,000 Iraqis dead (including thousands of innocent women and children). And "no end in sight." That is Wolfowitz' legacy. Let him rot in it.
Posted by: everyone who knows him blames him. | May 16, 2007 1:26:59 PM
I LOVE the first reader's comments! My sentiments exactly. Yes, good riddance to bad trash!
Posted by: Darlene | May 16, 2007 1:27:19 PM
It's ok with me, just as long as he dies homeless and broke.
Posted by: nofltwlt | May 16, 2007 1:30:15 PM
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