Blog: Wolfowitz wants $400k promise before he resigns from World Bank
Embattled World Bank President Paul Wolfowitz is allegedly working to secure a $400,000 bonus due to him on June 1 before he resigns his position, according to the blog The Washington Note.
"Allegedly on June 1st, Wolfowitz becomes eligible for some large financial bonus -- for performance and time on the job. One estimate puts this figure at about $400,000," writes Steve Clemons, who maintains the blog. "Wolfowitz wants to make sure those funds are credited to his private bank account before saying farewell...."
Clemons was provided with the information by "insiders" at the Bank.
The allegation comes as the New York Times reports that Wolfowitz is negotiating a resignation deal with the Bank that will require the institution to share the blame for the ethics charges that have been lodged against the Bush appointee.
"The bank’s board has seemed determined to force Mr. Wolfowitz out on grounds that he showed favoritism to [Shaha Ali Riza], a bank employee, in giving her a raise and promotion when he became bank president in 2005," Steven R. Weisman wrote on Monday. "More recently, however, there is talk at the bank of avoiding a confrontation by having Mr. Wolfowitz resign in return for a reprimand that acknowledges that he acted in good faith at the time and that ethics officials at the bank had approved of his actions when they examined them in 2005 and 2006."
Clemons' full blog post can be read at this link.