The New York Times reports:Paul D. Wolfowitz this evening ended weeks of furor over charges of favoritism toward a bank employee who is his female companion and announced his resignation as president of the World Bank, effective June 30.
The bank board backed away from threats to force Mr. Wolfowitz to resign for violating his contract, as a special investigative committee had concluded, and instead accepted his claim that his actions were honorably intended.
The resignation brought a dramatic conclusion to two days of negotiations between Mr. Wolfowitz and the bank board, which went along with his demands for an exoneration of the charges that he had broken ethics and governance rules in arranging for a generous pay and promotion package for Shaha Ali Riza, his girlfriend, in 2005.
Wolfie lost me when he stuck his comb in his mouth ... yuck!
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