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Wolfowitz Out At World Bank

By   Follow Me on Twitter     Message Professor Emeritus Peter Bagnolo       (Page 1 of 1 pages)     Permalink    (# of views)   2 comments

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Wolfowitz Out At World Bank

Under enormous pressure, Wolfowitz has stepped down. Did European governments take some measure of revenge for treatment these last five years? He claims no blame in the fiasco.

Leading Bushite is History, Tear’s Are Few
Amid signs that his patron, President Bush, who appointed him to the World Bank two years ago, was wavering in his once solid support, gave further indications of his signing off on Wolfowitz’s departure from his Post there.

Subsequently, Paul D. Wolfowitz resigned his position as World Bank President this afternoon, becoming effective June 30.

Wolfowitz was under unswerving pressure from the bank staff and publicity. Most governments added to the mounting push for him to leave ASAP.

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Today Bush said at his AM news conference, with guest Tony Blair, "I regret that it's come to this. I believe all parties in this matter have acted in good faith."

Wolfowitz’ s agreement to resign likely averted growing pressure of embarrassment by censor, reprimand or dismissal by the bank's executive board. He claim’s (ahem) he acted completely above board on the matter.

Allegedly, political leaders worldwide called for his resignation in the last several weeks, while Wolfowitz insisted he would not resign, and was the victim of a political smear. (Shades of Bill Clinton). Meanwhile the World Bank's 24-member executive board were preparing a resolution of no confidence in his Presidency, making it highly unlikely he could have continued anyway.

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The firing would have been an unprecedented step following his "alleged" breaking of ethics rules undermining the reputation of the World Bank in the matter of his upgrading his female companion’s job and salary. Wolfowitz was said to claim that he only raised her salary because of the inconvenience to her of having to change jobs.

It became obvious this AM that Wolfowitz was going to lose his battle. The European enemies made by the unilateral attitude of the Bushites on other matters, it is believed, added to the desire
to call for Wolfowitz’ s head, or at least his job.

Both German and British board members claimed to have secured support of their superiors to fire Wolfowitz.

Maybe a good second thought might be to appoint Mickey Mouse, his girl friend Minnie has strangely been absent from his films for a number of years, giving rise to many wondering is she has left him or is quietly raising their family in Mickey’s secluded Chateau in Switzerland.


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Professor Bagnolo has majored in: Cultural Anthropology, Architectural design, painting, creative writing. As a child prodigy, abed with polio for almost two years, he was offered an opportunity to skip three grades at age 8.
Later He was a (more...)

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