World Bank Pledges `Expeditious' Ruling on Wolfowitz (Update6)
By James G. Neuger and Christopher Swann
April 13 (Bloomberg) -- World Bank directors pledged a speedy decision on President Paul Wolfowitz's fate after finding that Wolfowitz personally dictated the terms of a promotion and pay raise for a woman with whom he had an intimate relationship.
``The Ethics Committee, including its chairman, had not been involved in the discussions with the concerned staff member,'' the bank's executive directors said in a statement in Washington early today. The directors ``will move expeditiously to reach a conclusion on possible actions to take.''
Wolfowitz yesterday apologized for his role in promoting and arranging a salary increase for the staffer, Shaha Riza, and said he would accept whatever ``remedies'' are proposed by the international lender's board.
Calls of ``resign, resign'' resounded through the World Bank's atrium yesterday when Wolfowitz, 63, addressed employee representatives. Staff Association head Alison Cave said it was the first time the group had called for a bank president to go.
Wolfowitz sent a memo to the bank's personnel manager ``directing him to reach an agreement with the staff member and specifying in detail the terms and conditions,'' the directors' statement said.
Wolfowitz, an aide to then U.S. Defense Secretary Donald Rumsfeld in the runup to the Iraq war, was named to the World Bank post by President George W. Bush in 2005.
White House Support
Bush retains confidence in the World Bank president, White House spokeswoman Dana Perino told reporters at a briefing today.
``The president has full confidence in Paul Wolfowitz,'' Perino told reporters at the White House. Wolfowitz has ``apologized for the matter,'' Perino said. ``We expect him to remain as World Bank president.''
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Is this guy a piece of work, or what?