About bleedin’ time!
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.”
Link to MarketWatch article