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4/15/07

MarketWatch: Wolfowitz plans to weather storm at World Bank - by Greg Robb

For the complete report in the MarketWatch click on this link

Wolfowitz plans to weather storm at World Bank - by Greg Robb

Paul Wolfowitz, the president of the World Bank, said Sunday he intends to remain at the helm of the bank despite the recent storm over his handling of a female friend's promotion and salary.
"I believe in the mission of this organization and I believe I can carry it out," Wolfowitz told a press conference Sunday, where he was asked repeatedly if he had the credibility necessary to run the bank.

In an extraordinary scene at World Bank headquarters on Thursday, World Bank staffers heckled Wolfowitz by shouting "resign" as he attempted to apologize for his handling of the issue.

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