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Title: Breaking: Wolfowitz Out
Source: www.talkingpointsmemo.com
URL Source: http://www.talkingpointsmemo.com/archives/014201.php
Published: May 17, 2007
Author: N/A
Post Date: 2007-05-17 21:11:14 by Ferret Mike
Keywords: None
Views: 327
Comments: 11

no article yet, just the headline

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#2. To: Ferret Mike (#0)

Wolfowitz resigns from World Bank

http://www.latimes.com/news/politics/la-na-wolfowitz18may18,0,3018365.story?coll=la-headlines-politics

I wonder how much $$ he got to leave.

robin  posted on  2007-05-17   21:16:06 ET  Reply   Untrace   Trace   Private Reply  

The New York Times has this:

"WASHINGTON, May 17 — Paul D. Wolfowitz, ending a furor over favoritism that blew up into a global fight over American leadership, announced his resignation as president of the World Bank Thursday evening after the bank’s board accepted his claim that his mistakes at the bank were made in good faith.

The decision came four days after a special investigative committee of the bank concluded that he had violated his contract by breaking ethical and governing rules in arranging the generous pay and promotion package for Shaha Ali Riza, his companion, in 2005.

The resignation, effective June 30, brought a dramatic conclusion to two days of negotiations between Mr. Wolfowitz and the bank board after weeks of turmoil.

“He assured us that he acted ethically and in good faith in what he believed were the best interests of the institution, and we accept that,” said the board’s directors in a statement issued Thursday night. “We also accept that others involved acted ethically and in good faith.”"

Of course by "good faith" he means that as the head of any other prestigious institution he would have been permitted a certain latitude regarding his sweetie and the payroll, etc., and obviously he didn't think he was committing any grievous errors because he made no attempt to conceal his "wish for a happier and more prosperous tomorrow".

In other words his chutzpah is proof of his lack of guile.

HOUNDDAWG  posted on  2007-05-18   7:36:23 ET  Reply   Untrace   Trace   Private Reply  

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