American Presidential Politics and foreign affairs Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : American Presidential Politics and foreign affairs

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Geoff Altman who wrote (19052)	4/12/2007 10:50:25 PM
From: Mr. Palau	Read Replies (1) of 71588

"World Bank chief under pressure to quit over pay scandal Published: Thursday April 12, 2007 World Bank president Paul Wolfowitz Thursday confessed to errors over a pay scandal surrounding his girlfriend but still faced an open revolt from staff members agitating for his resignation. The former deputy US defense secretary, one of the architects of the war in Iraq, refused to say if he might be forced out as the bank's 24-member executive board investigates the controversy. But ahead of the bank's annual spring meeting this weekend, which threatens to be overshadowed by the dispute, he said: "I will accept any remedies they propose. "I made a mistake, for which I am sorry," Wolfowitz told a news conference, as uproar deepened over an employment package worth nearly 200,000 dollars given by the World Bank to his Libyan-born partner, Shaha Riza. The association representing the World Bank's 10,000 staff said the embattled Wolfowitz had "destroyed" the trust of employees and should quit. "He must act honorably and resign," the de facto union said in a letter to staff, according to contents confirmed to AFP."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next