WOLFOWITZ NEGOTIATING DEPARTURE

Wolfowitz negotiating departure

UPI – May 16, 2007

Paul Wolfowitz planned to resign as World Bank president and was negotiating the terms of his departure Wednesday afternoon, a published report said. Wolfowitz was seeking a public acknowledgement of his service to the bank, The Wall Street Journal reported on its Web site. He also wanted a statement that both he and the bank shared responsibility for the tensions stemming from allegations he improperly pushed for raises and promotions for his girlfriend, Shaha Ali Riza, a longtime bank employee, shortly after he assumed the World Bank presidency in June 2005. The bank board planned to convene Wednesday morning to deliberate on Wolfowitz`s fate after meeting with him late Tuesday. But that session was delayed at the request of the bank`s U.S. representative. Also Wednesday, Wolfowitz canceled plans to travel to Europe this week for a World Bank conference on development, the Journal said. The White House signaled late Tuesday it would consider a change in leadership at the bank, saying Wolfowitz`s ability to lead the institution might be fading. http://news.monstersandcritics.com/business/news/article_1305379.php/Report_Wolfowitz_negotiating_departure
Source: http://www.thetruthseeker.co.uk/article.asp?ID=6575