Paul Wolfowitz will resign as president of the World Bank, effective June 30. He continued to insist that he behaved ethically while arranging a major raise for his girlfriend, but an internal investigation at the bank found otherwise.
The Bush administration is pushing to save World Bank President Paul Wolfowitz’s job after a committee comprised of seven of the bank’s 24 board members released a 52-page report slamming Wolfowitz for his “questionable judgment and a preoccupation with self-interest,” primarily for using his position to advance that of his girlfriend.
As head of the World Bank, Paul Wolfowitz cut off funding to nations he deemed corrupt—but then corruptly rewarded his girlfriend, Shaha Riza, with a plum job. Now he’s feeling pressure to resign from higher-ups within the organization.