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Ethics scandal topples Wolfowitz

Friday, May 18, 2007

In major victory for European members, World Bank president agrees to resign.
Paul Wolfowitz bowed to the inevitable yesterday and resigned as World Bank president, a major victory for European members of the global lending institution and another sign of the waning influence of U.S. President George W. Bush.

Wolfowitz, 63, was pushed out over an ethics scandal involving the pay raise he brokered for his longtime companion Shaha Riza, but his tenure at the bank was troubled from the beginning of his term two years ago

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posted by JJ, 2:30 AM

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