The other side of the World Bank Man
Here I suggest to have a look at the other inside story of one of the world rulemakers. Do you consider this story is of no surprise and pretty common thing so we should accept it or....? You are welcome to share your view by answering the question foollowing the article
World Bank boss sorry for payout to girlfriend
World Bank president Paul Wolfowitz is still in deep trouble following his “mistake” in giving a huge pay rise to a close female friend. There are many calls for his resignation following allegations of favouritism and corruption. Although he has apologised for making the "mistake", his head may still roll. The former deputy US defence secretary refused to speculate on rumours that he might have to resign. The World Bank's board of governors met to discuss the scandal and Wolfowitz said he would accept “any remedies they propose”. The sorry issue arose after Britain’s Financial Times newspaper published a report stating Wolfowitz personally ordered promotions and hefty pay rises for his partner, Shaha Riza, who ended up with a $200,000 salary - more than Condoleezza Rice, the US secretary of state.Ms Riza was on the World Bank’s payroll when Wolfowitz became head in 2005. In line with the bank’s regulations, she was transferred to the US State Department to avoid a conflict of interest for Wolfowitz. However, in the period before her transfer took effect, Wolfowitz ordered and rubber-stamped the documentation necessary to elevate his friend into a top World Bank earner. In his apology, he said: "I take full responsibility." He acknowledged that the situation surrounding Riza "had the potential to harm” the World Bank. He also stressed that he had initially wanted nothing to do with her employment terms. He said his romantic involvement with Ms Riza resulted in a "painful personal dilemma” when he was new to the job. Nevertheless, it seems somewhat ridiculous that such an experienced and intelligent man could make such a serious blunder.
So the question is: Should the president of the World Bank do these?
Rank them using this scale: 10 = the president’s head should roll for this; 1 = no problem.
- giving his/her lover a huge pay rise
- staying in the best hotels on business trips
- travelling by helicopter
- awarding himself / herself a huge bonus
- putting false information on his / her resume / CV
- working fewer hours than his contract requires
- giving money to his / her favourite countries
- never listening to the advice of President George W. Bush
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