more at:
http://news.ft.com/cms/s/aa70009a-8c7d-11da-9efb-0000779e2340.htmlWolfowitz under fire
Published: January 24 2006 02:00 | Last updated: January 24 2006 02:00
The term of a World Bank presidency is an all-too-brief five years and the early months are frequently marred by sniping from the career staff who are more permanent fixtures. Because the post is filled by the nominee of the US president, a new chief often knows little about the organisation and takes time to make a mark. Almost eight months after taking up the role, Paul Wolfowitz has yet to set a course for his presidency and staff disquiet is reaching deafening levels.
The immediate cause of the turmoil at the World Bank is the appointment of an adviser to Mr Wolfowitz with close ties to the Republican party as the new director of the internal watchdog that investigates suspected fraud and staff misconduct. His choice has raised questions about the selection of someone so close to the president and whether this was the best person for such a sensitive post. But the ensuing strife has revealed widespread unhappiness among senior bank staff and executive directors over Mr Wolfowitz's management style and performance.
Following his arrival, Mr Wolfowitz made clear his intention to streamline the bank's management structure. His predecessor had appointed five managing directors, four of whom had already left. There were more than 30 vice-presidents below managing director level, whose ranks he planned to thin out.
The fifth managing director left late last year, as did the highly regarded general counsel. Only now is Mr Wolfowitz close to appointing new managing directors, who are unlikely to be in place until the summer - a year after his arrival. Meanwhile power has gravitated to his immediate circle - mainly Republican stalwarts, prompting agitation among the career staff.
Printer-friendly format
Email this thread to a friend
Bookmark this thread
(1000+ posts)
Send PM |
Profile |
Ignore
