An embarrassment of riches: Turns out that padding your girlfriend’s bank account may not be the best way to hang on to the World Bank’s top spot.
World Bank President Paul Wolfowitz’s job may hang in the balance after a panel made up of almost a third of the bank’s board members found him guilty of inappropriately pulling professional strings and lining up a hefty pay raise for his girlfriend, Shaha Ali Riza, two years ago.
The New York Times:
The report, as transmitted to Mr. Wolfowitz, did not recommend a punishment for Mr. Wolfowitz. Bank officials, speaking anonymously because the proceedings are supposed to be confidential, said that the special committee was still working today on what to recommend.
It was not clear whether the committee, consisting of 7 of the bank’s 24 board members, would remove Mr. Wolfowitz from his post or, more likely, express a loss of confidence in his leadership in a manner that might persuade him to resign. Bank officials say that a majority of the bank board has concluded that he should go.