Posted by nytexan on May 17, 2007
Wolfowitz was facing a vote of no confidence so he resigned. Funny Gonzo is facing a vote of no confidence yet he’s still in charge of the DoJ.
World Bank President Paul D. Wolfowitz resigned this afternoon, effective June 30, giving in to overwhelming pressure from bank staff and governments around the globe that he depart to end the ethics controversy that has consumed the institution.
Wolfowitz agreed to resign in negotiations with the bank’s executive board, pre-empting a growing likelihood that he would have been formally reprimanded or fired, said bank officials who spoke on condition they not be named, citing the political sensitivity of the proceedings.
But by Wednesday morning, it had become clear that Wolfowitz was fighting an unwinnable battle. European governments, who have been leading the effort to oust him, preferred to avoid a vote to fire him, which would have risked an open conflict with the Bush administration. But the German and British representatives on the board had obtained the backing of their governments to take action to remove him, officials said.
At the same time, President Bush — who appointed him to the bank two years ago, and who had been a resolute supporter — was sending increasingly clear signals it was time for Wolfowitz to move on.