World Bank President Paul Wolfowitz is embroiled in a scandal that could see him lose his job. Wolfowitz was found to have ordered a major pay increase and promotion for his longtime companion, Shaha Riza. The World Bank’s staff association is calling on Wolfowitz to resign. On Thursday, Wolfowitz tried to address staff members but was met with chants and boos calling for his departure. Wolfowitz also appeared at an unusual news conference to plead his case.
World Bank President Paul Wolfowitz: “I made a mistake for which I am sorry. But let me also ask for some understanding. Not only was this a painful personal dilemma, but I had to deal with it when I was new to this institution and I was trying to navigate in unchartered waters.”