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Wolfowitz could quit if his name is cleared

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  • Jim Galasyn
    Wolfowitz could quit if his name is cleared Paper: World Bank chief wants the bank to clear him of wrongdoing Paul Wolfowitz has signaled he may consider
    Message 1 of 1 , May 1, 2007
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      Wolfowitz could quit if his name is cleared

      Paper: World Bank chief wants the bank to clear him of wrongdoing

       

      Paul Wolfowitz has signaled he may consider resigning from his post as president of the World Bank, but only if the bank’s board clears him of having done anything wrong when he offered a generous compensation package to his girlfriend, according to a report on The Wall Street Journal’s Web site.

       

      Until now, Wolfowitz has indicated he will not leave his post, criticizing what he calls a “smear campaign” against him. On Monday, he told a bank panel he had acted in good faith in securing a promotion and pay raise for his girlfriend. He said had no plans to resign, and President Bush gave him a fresh endorsement.

       

      A change in his position could pave the way for a compromise that is being explored by the bank’s board, the paper said. Under this scenario the bank’s board, or a board panel investigating Wolfowitz, would issue a statement that at least avoids a harsh condemnation of his actions, and he would step down after that, the Journal said.

       

      http://www.msnbc.msn.com/id/18413676

       

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