Friday, May 18, 2007

Paul Wolfowitz The man who made too many enemies

Paul Wolfowitz The man who made too many enemies



Paul Wolfowitz has left his post as President of the World Bank.

Why is the World Bank in the spotlight?

Because of a woman called Shaha Riza, the girlfriend of the slightly more famous Paul Wolfowitz, who is the neo-conservative advocate of military action in Iraq, the United States defence department No 2 ahead of the invasion, and more recently the president of the World Bank. Or from June 30 "the former president".

Riza worked for the World Bank before her partner took over as president in June 2005. She was moved to the US State Department to avoid a conflict of interest, but stayed on the bank's payroll, with a salary - negotiated with Wolfowitz - that shot up from US$130,000 ($179,923) a year to US$180,000. After charges of favouritism, an internal investigation damned the pay rise as excessive and said Wolfowitz broke bank rules in the way he decided the issue. He has now negotiated the terms of his departure, still protesting that he has done nothing wrong.

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