Word: wolfowitz
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Dates: during 2000-2009
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Last Wednesday, President George W. Bush announced that he would nominate Robert B. Zoellick, a Harvard Law School (HLS) and Kennedy School of Government (KSG) graduate, to be the World Bank’s 11th president, succeeding Paul Wolfowitz in the position. His nomination is subject to approval by the Bank’s Board of Governors, who are appointed to five-year terms by the Bank’s member countries. “Bob Zoellick has had a long and distinguished career in diplomacy and development economics,” said the President in a press conference last...
...Zoellick was hardly the safe choice to replace Paul Wolfowitz, who is leaving at the end of June after running afoul of the Bank's conflict-of-interest rules. Zoellick may be seen by some as too closely identified with the Bush Administration, having served in it from its start through summer of 2006. Less controversial alternatives were available, such as Commerce Secretary Carlos Guiterrez and Deputy Treasury Secretary Robert Kimmitt, who would probably have been acceptable to most of the European and Asian countries who get an informal chop on the choice. But Zoellick was more qualified than either...
...World Bank boss, Zoellick will have a chance to mix with every finance and foreign minister in the world, including America's own. And then there is the matter of running the World Bank. Even before Wolfowitz , embroiled in a scandal over his role in finding a new job for a World Bank employee with whom he had a close relationship, lost the confidence of the Bank's vast bureaucracy, the Bank was struggling to both justify the need for a multinational lending institution sponsoring big public projects in an era in dotted with increasingly effective non-governmental organizations...
...77, and Baker Professor of Economics Martin S. Feldstein ’61—have garnered media speculation as candidates for the post, and Secretary of the Treasury Henry M. Paulson Jr., a graduate of the Business School, is heading up the search process. Wolfowitz announced he would resign earlier this month after a protracted scandal surrounding the promotion and compensation for his girlfriend Shaha Riza, formerly a senior communications officer at the bank. Zoellick, a Law School and Kennedy School graduate, has served in the Bush administration as United States trade representative and later as a deputy...
...Wolfowitz always enjoyed an advantage at the table: he knew who he was - and wasn't - up against and he exploited the weaknesses of the board's polyglot membership adroitly. He knew the board would have trouble reaching a consensus about his fate; he knew that its members were divided internally; he probably also figured that they were reluctant to take firm action knowing such a move could trigger other investigations into small-stroke favoritism inside the largely oversight-free World Bank...