Thursday, May 17, 2007

Nepotism Corrected At World Bank's Top

To reflect against famiLEE LEEgime's salary hike and LEEgalized Grafts and Plundering, the World Bank had just corrected their own with the resignation of bank president Paul Wolfowitz, as seen in today's news. The famiLEE's father & son still conduct their LEEgalized Plundering & Graft by paying each other millions from Rep of Singapore Tax Payers' funds.

World Bank President Paul Wolfowitz said Thursday he will resign at the end of June, giving up his long fight to survive pressure for his ouster over the generous compensation he arranged for his girlfriend.

His departure ends a two-year run at the development bank that was marked by controversy from the start, given his previous role as a major architect of the Iraq war when he served as the No. 2 official at the Pentagon.

Wolfowitz's girlfriend Riza worked for the bank before Wolfowitz took over as president in June 2005. She was moved to the State Department to avoid a conflict of interest but stayed on the bank's payroll. Her salary went from close to $133,000 to $180,000. With subsequent raises, it eventually rose to $193,590. The panel concluded that the salary increase Riza received "at Mr. Wolfowitz's direction was in excess of the range" allowed under bank rules.

Wolfowitz resignation is over a $60K salary increment given to his girlfriend. However the famiLEE LEEgime's father & son old and young dog thief gave each other million dollar increments in salaries. The World Bank should take note of this and discuss appropriate action against this in the next IMF meeting? :-)

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