Wolfie did it.....

[133724]

WASHINGTON, May 7 — A committee of World Bank directors has formally notified Paul D. Wolfowitz that they found him to be guilty of a conflict of interest in arranging for a pay raise and promotion for Shaha Ali Riza, his companion, in 2005. The findings stepped up the pressure on Mr. Wolfowitz to resign.

<snip>

It was not clear whether the committee, consisting of 7 of the bank’s 24 board members, would remove Mr. Wolfowitz from his post or, more likely, express a loss of confidence in his leadership in a manner that might persuade him to resign. Bank officials say that a majority of the bank board has concluded that he should go.

In another sign of Mr. Wolfowitz’s difficulties, his top communications aide, Kevin Kellems, resigned today, saying that “the current environment surrounding the leadership” at the bank made it “very difficult to be effective in helping to advance the mission of the institution.”


http://www.nytimes.com/2007/05/07/business/07cnd-wolf.html?ex=1336190400&en=e078875a2c2e955d&ei=5088&partner=rssnyt&emc=rss

[Lerkfish]

1. these guys will never leave voluntarily. waiting for them to "do the right thing" is fruitless

why do people keep giving them such leeway?

[ReadTomPaine]

15. It's amazing isn't it?

You'd think by now people would have learned the proper way to deal with this crew.

[in_cog_ni_to]

2. WOOHOO! Buh Bye Mr.spit-on-my- comb-before-I-comb-my-hair!

GOOD RIDDANCE!

[NNN0LHI]

3. Can't they just fire him? Is he a king? Got to wait for him to resign?

What gives?

Don

[napi21]

4. I guess this is a strange position. Prez of the US appointed him, so

I guess that's why the board doesn't have the right to fire him. I guess we'll see soon enough though.

[Divernan]

5. He wants to stay until some point in June, when he gets a $400,000 "bonus"

As per his employment contract - just like those obscene corporate CEOs who get mega-bonuses even after they've screwed up. I don't have a link for this info - I read it here last week.
On edit: I googled this and found many references that:

"Secondly, allegedly on June 1st, Wolfowitz becomes eligible for some large financial bonus -- for performance and time on the job. One estimate puts this figure at about $400,000. Wolfowitz wants to make sure those funds are credited to his private bank account before saying farewell to an institution that has come to despise him."



www.thewashingtonnote.com

(archives, April 30)

[Turbineguy]

6. Then he can write a book.

and really clean up.

[Hubert Flottz]

7. I never heard of someone getting a bonus for getting fired.

Maybe he'll have time to take a shower and clean up now.

[malaise]

8. May the door hit him on the way out

Adios war criminal.

[Jacobin]

9. Getting rid of these leeches is like trying to scrape dog poo

off your sneakers.

[jimshoes]

11. That's true because even the smallest

trace still stinks for a long time.

[AnnInLa]

10. Anyone hear Thom Hartman today on AAR

Discussing this very subject. Had a guest on who explained how and why the World Bank got started, and how the world-corporations use the World Bank further their globalization goals. (Point being, world corporations will be owning/running the 3rd world countries thru loans...and the conservative social goals will be instilled in these countries.) Anyhoo, very interesting stuff.

[malaise]

14. They've been doing that for decades n/t

Sp.

[Justitia]

12. Geez, they are going to have to change the locks to get rid of this cretin!

What a freaking embarrassment!

[WiseButAngrySara]

13. Have these people no dignity at all? Leave! You are not

wanted.

[ReadTomPaine]

16. If they don't have the guts, then give him a room in an adjacent building and an empty calendar

No windows, no desk and no phone. Cut his pay, cancel his bonuses, deny clearance for any appointments or material appropriations. Relieve him of all institutional responsibilities, exclude him from any and all meetings and issue requests for his resignation regularly until he gets the idea or they find the courage to it themselves.