World Bank board negotiating Wolfowitz exit [Done Deal]

Reuters ^ | May 16, 2007 | Staff

[Sleeping Beauty]

WASHINGTON, May 16 (Reuters) - The World Bank's board is negotiating details of Paul Wolfowitz's exit as bank president, board sources said on Wednesday following pressure by European countries over his handling of a promotion for his companion.

"They have resumed the meeting and are finalizing a deal," one of the board sources told Reuters after an adjournment of a board meeting earlier at the request of the United States.

The board sources from developed and developing countries said details of a package, including financial compensation, were being discussed with Wolfowitz's lawyer.

Under a contract he signed in 2005 when became World Bank president, Wolfowitz would receive a year's salary, which would be around $375,000, if his service was terminated by the board or if he resigned.

Wolfowitz's resignation would end a tumultuous two years at the poverty-fighting institution where he was dogged by a legacy as an architect of the Iraq war, despite focusing attention on Africa's needs and launching a controversial campaign against corruption.

[Wuli]

You really do know nothing do you.

You certainly know nothing about what Bush and Wolfowitz have been trying to do at the World Bank.

You know nothing of how he and Bush have tried to get at the corruption in the countries the bank makes loans to, and how many of those countries, particularly in Africa have admitted the problems there and praised him for his anti-corruption efforts and have at the same time been opposed to the attacks on him; while the Europeans, who want him out, have been fighting him on those efforts (because it is THERE favorite projects that feed so much of the corruption, so it is there favorite projects that require so much additional anti-corruption scrutiny).

But, you wouldn’t know anything about any of that would you?

You’re responses are always like a simpleton, with pat little know-nothing cliche type ideas that are not ever informed ideas at all - they just fit your fixed and uninformed view of everything that you know little about.