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Wolfowitz Finally Wakes Up To Reality Resigns

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by Yves Smith and Felix Salmon
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May 17 2007 12:00am EDT

Wolfowitz Finally Wakes up to Reality, Resigns

Talk about a lame duck. Paul Wolfowitz will resign as president of the World Bank on June 30, a month and a half from now, during which time he will earn $50,000, tax-free, and do substantively zero useful work. Then again, it's not a lot of time to find a replacement. Ngozi, of course, has an easily-leavable job at the Brookings Institute, and she's in Washington already. It would be silly to look at anyone else, if you ask me.

Over at worldbankpresident.org, there's speculation that Wolfowitz will be put on mandatory leave effective immediately, with Graeme Wheeler, Lars Thunell, or Vincenzo la Via stepping in until a permanent replacement is found. Seems like a good idea to me.

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