Friday, April 13, 2007

Romance And The World Bank

Not a perfect match:
His staff in open revolt, World Bank President Paul D. Wolfowitz apologized Thursday for his role in landing his girlfriend a job at the State Department that gave her more than $60,000 a year in raises and a salary greater than that of Secretary of State Condoleezza Rice.
The staff are restless:
Wolfowitz attempted to address about 200 staffers gathered in the bank's central atrium but left after some began hissing, booing, and chanting "Resign. . . . Resign." He had approached the gathering after holding a news conference in which he said, "I made a mistake for which I am sorry."
Some people are not amused:
The World Bank has moved from being a self-proclaimed exemplar of best practice in corporate governance to an example of shoddiness. As long as Mr Wolfowitz stays, this can be neither repaired nor forgotten, be it outside the Bank or inside it. In the interests of the Bank itself, he should resign. If he does not, the board must ask him to go.

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