Bank Panel Faults Wolfowitz

By Greg Atwan,  Newser Staff
Posted May 7, 2007 4:07 PM CDT
Bank Panel Faults Wolfowitz
'   (Associated Press)

World Bank president Paul Wolfowitz is guilty of a conflict of interest for finagling promotions and raises for his girlfriend, according to a panel of seven bank directors. The result isn't binding and doesn't recommend a punishment, but bank insiders tell the Times that a majority of the 24 board members want Wolfowitz out.

Only the board as a whole can fire the president. But the verdict is already sparking speculation about the Iraq war architect's resignation and—for forward-thinking bureaucrats—replacement. The foreign press is hinting that the scandal might afford Europe a chance to pick the president, abandoning the tradition of an American appointment. (More Paul Wolfowitz stories.)

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