Further confirmation from across the Atlantic of the British political rule of thumb that the left tend to get caught up in grubby financial deals, and the right in sex scandals. Paul Wolfowitz, President of the World Bank, is in trouble. This morning's Financial Times reports that he "personally directed the World Bank’s head of human resources to offer a bank official with whom he was romantically involved a large pay rise and a promotion". The banks conflict of interest rules prohibit staff from working under the authority of a colleague with whom they are romantically involved.
But for a different perspective on one of America's favourite neocons, read the new New Yorker profile by John Cassidy: The Next Crusade: Paul Wolfowitz at the World Bank
UPDATE: The axe fell a month later, on 17 May, as The Washington Post informs us: Wolfowitz Resigns From World Bank
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.
His resignation came as key members of the bank's 24-member executive board were mobilizing to push through a resolution expressing no-confidence in his leadership, a step that would have made it effectively impossible for him to continue, senior bank and Bush administration officials said.
The bank's board was moving toward that unprecedented step after a committee report that found that Wolfowitz broke ethics rules and undermined the reputation of the institution when he directed staff to award a substantial raise to his girlfriend and then covered up the details.