Bank files may undercut Wolfowitz, critics say

[struggle4progress]

Source: IHT

By Steven R. Weisman
Published: May 14, 2007

~snip~ A former bank official, Ad Melkert, acknowledged that he told Wolfowitz to take care of a compensation package for Riza. But Melkert said that, contrary to what the bank president maintains, Wolfowitz went behind bank officials' backs to arrange the terms of the promotion and salary increase, which was large, as Riza was transferred to the State Department. ~snip~

A third accuser, Roberto Daniño, former general counsel at the bank and former prime minister of Peru, has also testified that Wolfowitz went behind his back on the Riza matter. Bank officials say that with Wolfowitz's word pitted against these three officials, it would be hard for the bank board not to side with the accusers.

One of the bank officials who spoke Sunday said that one document appeared to suggest that Coll had told Melkert and Daniño that he was told by Wolfowitz not to tell them about the details of the compensation package for Riza. ~snip~

The bank board will listen to Wolfowitz's testimony on Tuesday and decide what to do on Wednesday.

Read more: http://www.iht.com/articles/2007/05/14/america/14wbank.php

[indie_voter]

1. Unbelievable. Resign already Wofie. n/t

[aquart]

2. I thought they heard from him last Monday?

[whistle]

3. Wolfowitz-shits factored in a weekly bonus for special personal services

...apparently

[Frank Cannon]

4. Jesus Hernandez Christ!! What does it take to get fired today?!!

I know that if I were to spend too much time on the phone with a family member during a medical emergency, I'd be looking at termination the next day! Are the rules so different for a demonstrated incompetent idiot like Wolfie? And do they really think they can't find some moron off the street who does the job "as well" he does?

FIRE HIM ALREADY!!

[Fridays Child]

5. It sure is starting to look like there's way more than Wolfowitz's job...

...on the line. here. Both Bush and Cheney have publicly supported him during this scandal, and, unless my instincts are totally screwed up, that means they have something significant to lose, if Wolfowitz goes down.

[jimshoes]

7. Eventually the U.S. Treasury is going

to run out of money to steal. What better score than the World Bank to rob and what better to ease that eventuality than to have a trusted pal at the helm. These people are thieves. So that would be my guess.

[AndyA]

6. Resign or be fired, Wolfie.

You are a liar and you have taken advantage of the system.

Shame on you.

[Demeter]

8. Will Somebody Put Wolfowitz Out of Our Misery?

And while you're at it, take out the rest of the trash, too.

[struggle4progress]

9. Report: Wolfowitz broke World Bank rules (Business Week)

By JEANNINE AVERSA

WASHINGTON

World Bank President Paul Wolfowitz broke bank rules in arranging a hefty compensation package for his girlfriend, a situation that has caused a "crisis in the leadership" at the institution, according to a report released Monday by a special bank panel.

Wolfowitz described the report's findings as "unfair and unwarranted."

The special panel said the bank's full 24-member board must consider whether Wolfowitz "will be able to provide the leadership" to ensure that the bank achieves its mission of fighting poverty around the world.

The board will ultimately decide Wolfowitz's fate. ~snip~

http://www.businessweek.com/ap/financialnews/D8P4HOV01.htm


World Bank panel dooms Wolfowitz
By Tony Czuczka

Washington (dpa) - World Bank President Paul Wolfowitz broke ethics rules and put his own interest above the bank's when he ordered a promotion for his girlfriend, an investigating panel found in a report Monday that could cost him his job.

The damning, detailed 52-page report blamed the former US deputy defence secretary for triggering a "crisis in the leadership" at the development lender, provoking a conflict of interest he should have known to avoid and denigrating the World Bank in public statements.

The panel of seven World Bank directors reached no conclusions, but urged the board to consider its findings: a broad "lack of confidence in the present leadership," that Wolfowitz "violated" the bank's code of conduct and staff rules and that he failed to observe "important provisions" of his contract as bank president.

It was the bank's fullest public accounting yet of Wolfowitz's conduct, which has prompted mounting criticism from European governments and left US President George W Bush - who nominated Wolfowitz in 2005 - as his main defender. ~snip~

http://www.bangkokpost.com/breaking_news/breakingnews.php?id=118748


World Bank panel finds Wolfowitz broke rules
15 May 2007 01:21:18 GMT
Source: Reuters
(Updates throughout with World Bank report)
By Lesley Wroughton

WASHINGTON, May 14 (Reuters) - A report by a World Bank panel on Monday found that bank President Paul Wolfowitz violated several rules when he directed a promotion and pay increase for his companion that exceeded bank norms.

The panel said that Wolfowitz's involvement in the pay and promotion deal for World Bank Middle East expert Shaha Riza represented a conflict of interest, which also violated his contract.

"The salary increase Ms. Riza received at Mr. Wolfowitz's direction was in excess of the range established by Rule 6.01," the panel said.

"Mr. Wolfowitz's contract requiring that he adhere to the Code of Conduct for board officials and that he avoid any conflict of interest, real or apparent, were violated," the panel added. ~snip~

http://www.alertnet.org/thenews/newsdesk/N14350947.htm