Title: Wolfowitz to face World Bank grilling
Description: Fire Him!!!!
Description: Fire Him!!!!
al001 - April 30, 2007 01:16 PM (GMT)
http://business.guardian.co.uk/story/0,,2068854,00.html
Business.Guardian.co.uk
Wolfowitz to face World Bank grilling
Graeme Wearden
Monday April 30, 2007
Guardian Unlimited
World Bank president Paul Wolfowitz faces a panel of the bank's directors in Washington later today over his personal intervention to secure pay increases and benefits for his girlfriend.
A special panel, made up of representatives from the bank's member countries, is investigating the circumstances behind Shaha Riza's secondment to the US state department, where she was paid more than Condoleezza Rice, the secretary of state.
The events took place in 2005, when Mr Wolfowitz overruled bank staff to demand a 46% pay increase and a promotion for Ms Riza when she was moved outside the bank to avoid rules forbidding partners from working together. He is expected to argue that the move was cleared with the bank's ethics committee.
"He will be appearing on Monday morning and making a full presentation to the committee, showing them that there is absolutely no merit at all in the allegation that there was a conflict of interest," Mr Wolfowitz's lawyer, Robert Bennett, told Reuters.
However, it has been reported that the committee was not fully aware of the circumstances of Ms Riza's new position at the state department. She remained on the bank's payroll, getting a $60,000 (£30,000) pay rise to $193,590.
The board could ask the president to resign, say it does not have confidence in his leadership, reprimand him or take no action.
Mr Wolfowitz was a controversial choice as president of the World Bank given his prominent advocacy of the US invasion of Iraq when he worked for the Bush administration.
International development agency Oxfam has added its voice to the chorus calling for him to step down.
"We believe the World Bank's ability to act as a leading development institution has already been so damaged that Mr Wolfowitz's continued presidency of the World Bank is untenable," said Jeremy Hobbs, chief executive of Oxfam, in a letter published in the Guardian today.
Oxfam is particularly unhappy that an event taking place tomorrow in Brussels on primary education is being overshadowed by the ongoing row.
Last Monday, 42 former senior World Bank executives warned that Mr Wolfowitz could no longer be an effective leader of the bank.
And earlier this month it emerged that one of his deputies has already told him to quit
Business.Guardian.co.uk
Wolfowitz to face World Bank grilling
Graeme Wearden
Monday April 30, 2007
Guardian Unlimited
World Bank president Paul Wolfowitz faces a panel of the bank's directors in Washington later today over his personal intervention to secure pay increases and benefits for his girlfriend.
A special panel, made up of representatives from the bank's member countries, is investigating the circumstances behind Shaha Riza's secondment to the US state department, where she was paid more than Condoleezza Rice, the secretary of state.
The events took place in 2005, when Mr Wolfowitz overruled bank staff to demand a 46% pay increase and a promotion for Ms Riza when she was moved outside the bank to avoid rules forbidding partners from working together. He is expected to argue that the move was cleared with the bank's ethics committee.
"He will be appearing on Monday morning and making a full presentation to the committee, showing them that there is absolutely no merit at all in the allegation that there was a conflict of interest," Mr Wolfowitz's lawyer, Robert Bennett, told Reuters.
However, it has been reported that the committee was not fully aware of the circumstances of Ms Riza's new position at the state department. She remained on the bank's payroll, getting a $60,000 (£30,000) pay rise to $193,590.
The board could ask the president to resign, say it does not have confidence in his leadership, reprimand him or take no action.
Mr Wolfowitz was a controversial choice as president of the World Bank given his prominent advocacy of the US invasion of Iraq when he worked for the Bush administration.
International development agency Oxfam has added its voice to the chorus calling for him to step down.
"We believe the World Bank's ability to act as a leading development institution has already been so damaged that Mr Wolfowitz's continued presidency of the World Bank is untenable," said Jeremy Hobbs, chief executive of Oxfam, in a letter published in the Guardian today.
Oxfam is particularly unhappy that an event taking place tomorrow in Brussels on primary education is being overshadowed by the ongoing row.
Last Monday, 42 former senior World Bank executives warned that Mr Wolfowitz could no longer be an effective leader of the bank.
And earlier this month it emerged that one of his deputies has already told him to quit
singhtjunior - April 30, 2007 02:10 PM (GMT)
al001 - April 30, 2007 04:25 PM (GMT)
Perfect
:clap:
:clap:
Reverend Wally - May 4, 2007 11:40 PM (GMT)
If that does, in fact, happen, then the next step is to wrestle the United States government and it's economy loose from the World Bank, and dissolving the Federal Reserve and returning to the "Gold Standard" in this country.
Then the tedious task of undoing all of the damage that the "New World Order" bunch has done to our nation.
:!:
Then the tedious task of undoing all of the damage that the "New World Order" bunch has done to our nation.
:!:
al001 - May 5, 2007 01:04 AM (GMT)
Welcome Reverend Wally, but there is one very disturbing thing. The Federal Reserve Bank is not Federal. It's privately owned and was given away in 1913 without any exchange of monies. Many of the owners are foreign banks and one J. Henry Schroeder was an S.S. officer in World War Two, Hitler's banker and a business partner with Rothchild, the owner of the bank of England. Schroeder still owns a very large share in the Federal Reserve Banking System.
A bank I might add which has no money in it's vaults.
ALGOREismylife is familiar with Brown Brothers & Harriman.
:mad:
A bank I might add which has no money in it's vaults.
ALGOREismylife is familiar with Brown Brothers & Harriman.
:mad:
singhtjunior - May 5, 2007 01:21 AM (GMT)
One way to reverse poverty is to give 200,000 salary to your girlfriend. The New World Order.
By the way, Wolfowitz has no experience in banking. His education is undergrad in Math and Chemistry. The clown has no formal education in banking, finance, economics, or law. He won't even qualify to be a teller.
Reverend Wally - May 5, 2007 04:25 AM (GMT)
| QUOTE (al001 @ May 4 2007, 07:04 PM) |
| Welcome Reverend Wally, but there is one very disturbing thing. The Federal Reserve Bank is not Federal. It's privately owned and was given away in 1913 without any exchange of monies. Many of the owners are foreign banks and one J. Henry Schroeder was an S.S. officer in World War Two, Hitler's banker and a business partner with Rothchild, the owner of the bank of England. Schroeder still owns a very large share in the Federal Reserve Banking System. A bank I might add which has no money in it's vaults. ALGOREismylife is familiar with Brown Brothers & Harriman. :mad: |
Hi,
I am aware of the status of the "Federal" Reserve. I should have said kick them out of the US. LOL
One way or another we have got to do this or we are all toast.
I am doing all I can to spread the word. That is all I can do while trying my best to survive on a disability check due to working to make a "neo" richer. I should have just killed him. :P