BizJournals Portfolio
Home >   Business Views, Opinions and Blogs >   Business Blogs >   Market Movers >  

Wolfowitz Finally Wakes Up To Reality Resigns

Market Movers

by Felix Salmon
Main
When Politicians Go Private   Why Venezuela Won't be the Next Zimbabwe

Recent Blog Posts

Links

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.

Comments

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.


Connect With Portfolio.com
Like Portfolio on Facebook

Come on, like us—you know you want to.

Follow Portfolio on Twitter

Follow us and if you're an innovative entrepreneur, we'll return the favor.

The Mix

Today's top stories, conversation starters, and the back nine business bites.

spotlight on

Slideshows

500 Startups Hits New York

Dave McClure's brainchild makes its way to New York and introduces East Coast money folks to some intriguing new companies. View Slideshow