Word: wolfowitz
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...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...
...That's what happened this week with Wolfowitz. He profited by holding out - and fighting - even after everyone knew he was a goner. He held out so he could hold his head...
...denied any wrongdoing in helping arrange a cushy promotion for his sweetheart, a former World Bank employee. Then he waited stoically through the investigation phase, when it only gradually became clear his days were dwindling down. He entered the final week fighting, and even after the White House removed Wolfowitz from life support a few days ago, he doubled down with a vow to soldier on. From a distance, it might have seemed heroic. But much of it was psy-war for the climactic round...
...Wolfowitz and his lawyers prevailed on their terms - he received a qualified statement of support about whether he had violated conflict-of-interest rules when he intervened on behalf of Shaha Ali Riza, his girlfriend. The Board noted Wolfowitz's assurances that he had performed in good faith. The Board said it would "accept" those assurances, a remarkable outcome considering the circumstances. And so Wolfowitz, satisfied that his name and honor were still intact, tendered his resignation, effective at the end of June. He had to go; he had become a distraction...
...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...