Deal Is Offered for Chief’s Exit at World Bank

[seafan]

Source: New York Times

By STEVEN R. WEISMAN
Published: May 8, 2007

WASHINGTON, May 7 — Leading governments of Europe, mounting a new campaign to push Paul D. Wolfowitz from his job as World Bank president, signaled Monday that they were willing to let the United States choose the bank’s next chief, but only if Mr. Wolfowitz stepped down soon, European officials said.

European officials had previously indicated that they wanted to end the tradition of the United States picking the World Bank leader. But now the officials are hoping to enlist American help in persuading Mr. Wolfowitz to resign voluntarily, rather than be rebuked or ousted.

The goal, they said, is to avert a public rupture of the bank board over a vote, possibly later this week, to sanction Mr. Wolfowitz. Even if the vote is a reprimand, they said, it could effectively make it impossible for him to stay on.
The Europeans worked to arrange a quick exit for Mr. Wolfowitz as a special bank committee concluded that he was guilty of breaking rules barring conflicts of interest in arranging for a pay raise and promotion for Shaha Ali Riza, his companion and a bank employee, in 2005.

.....

The United States has 16.4 percent of the voting share at the 24-member World Bank board that chooses the president. Europeans have twice that share if they stick together, which many bank officials say they have signaled they are willing to do to remove Mr. Wolfowitz.

Read more: http://www.nytimes.com/2007/05/08/washington/08wolfowitz.html

[Hardrada]

1. If he writes a book he has to give all 76 cents of his net royalty

to the Salvation Army.

[mahatmakanejeeves]

4. "If I Really Did It"

.

[Mend]

11. "How Else Would a Disastrous Ugly Schmuck Like Me Get Laid?"

[iamthebandfanman]

2. heres some more about it

WASHINGTON - A special panel has found that World Bank President Paul Wolfowitz broke bank rules in arranging a pay package and promotion for his girlfriend, a person familiar with the report said Monday.

Wolfowitz was presented with the findings by the special bank panel investigating his handling of the 2005 promotion and pay raise of bank employee Shaha Riza.

http://www.msnbc.msn.com/id/18534773/

[leftwingnut]

3. reading this kind of stuff just puts me in a good mood!!! eom

:)

[seafan]

5. Glad I could help! It's happening before our eyes. n/t

[msongs]

6. geeeez, just FIRE the guy and get it over with.... nt

[Honeycombe8]

7. Why a deal? Why not just oust the guy?....

Why does he and whoever appointed him (we know who did) get to walk away feeling good about anything? Just oust the guy and get another one...and DON'T let the same guy who appointed this bozo name the NEXT one, for Pete's sake!

[rpannier]

8. The only deal he should get

is one that gives him reduced jail time in exchange for his testimony against duh-bya and co.

[emilyg]

9. and a kick in the ass

[Joe Bacon]

10. Do they have to produce a stained blue dress to boot Wolfy?

:evilgrin:

[woodsprite]

12. Well, let's just hope numbnuts doesn't slip Bolton in there.

Afterall, he's out of a job and looking for a new cookie jar to dip his hand in then break.