Wolfowitz resigns as World Bank president [View All]

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Source: Dow jones Marketwatch

WASHINGTON (MarketWatch) -- Paul Wolfowitz resigned as president of the World Bank effective June 30, the bank's directors announced Thursday. The bank will launch an immediate search for a new president. Directors had been negotiating with Wolfowitz to step down after an internal review found that he violated the bank's code of conduct by engineering a pay raise for his girlfriend, Shaha Riza. "We are grateful to Mr. Wolfowitz for his service at the bank," the directors said in a statement. "Much has been achieved in the last two years

Read more: http://www.marketwatch.com/news/story/wolfowitz-resigns-world-bank-president/story.aspx?guid={F8146162-4457-485C-8EAB-1FB96E23CBC5}

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