Thursday, May 17, 2007

Wolfowitz Resigns

Mr. B. has previously posted on this matter. "Wolfie, we hardly knew you...
(Or, you've done a heckuva job, Wolfie)"

Today CNN reports that Wolfowitz has resigned as of the end of June with all the requisite face-saving blather:

WASHINGTON (CNN) -- Embattled World Bank President Paul Wolfowitz agreed to resign Thursday after weeks of controversy over his handling of a pay package for his girlfriend, a bank employee, the institution's board of directors announced Thursday.

In a statement announcing the decision, the bank said "a number of mistakes were made by a number of individuals" in the matter.

Wolfowitz said the bank board accepted his contention that he acted "ethically and in good faith."

In a statement from Wolfowitz, he said it is "necessary to find a way to move forward. To do that, I have concluded that it is in the best interests of those whom this institution serves for that mission to be carried forward under new leadership."

"Change should not be feared, it is something to welcome. It is the key to keeping this important institution relevant and effective in the future and meeting the needs of the world's poor, and of humanity as a whole," the statement said.

Sic transit gloria