Play 23 different addictive eWoss Games. It's FREE! Win money!
eWoss News
Home  News  Sports  Games
   
Welcome Guest
   Sign Up | Sign In
Business News
Latest Business News
Economic Figures
Dollar & Gold News
Board of Trade News
Personal Finance

eWoss News
Breaking News Headlines
Top News Stories
U.S. National News
World News
Sports News
Business News
Entertainment News
Tech Industry News
Political News
Science News
Health News
Weird News

eWoss NewsBar
Free News Headlines Embedded in Your Browser

eWoss Sports
eWoss Sports Home
NFL
NBA
NCAA Football
College Hoops
NHL
MLB

Latest Business News

Bank Pledges Decision Soon on Wolfowitz

Tuesday, May 01, 2007 9:56:48 PM
By JEANNINE AVERSA

 This picture made available by the World Bank on April 11, 2003 shows Shaha Riza. World Bank President Paul Wolfowitz decried what he called a "smear campaign" against him Monday, April 30, 2007, and told a bank panel he had acted in good faith in securing a promotion and pay raise for his girlfriend Riza. He said had no plans to resign, and President Bush gave him a fresh endorsement. (AP Photo/World Bank)WASHINGTON (AP) - The World Bank's board expressed fresh concern Tuesday over bank president Paul Wolfowitz's handling of a hefty pay package for his girlfriend and promised a decision soon in a controversy that has led to calls for his resignation.

The 24-member board met several hours with a special bank panel that over the past two days had heard from Wolfowitz, his girlfriend and bank employee Shaha Riza and other present and former bank officials about Riza's promotion and pay raise to $193,590.

In a statement afterward, the directors said they "remain very concerned about the impact on the work of the bank group and are committed to the earliest possible resolution of the matter."


Would you like to read the rest of this article?

Register with us. It's free!

Registered users have complete access to all articles.

The registration process takes less than one minute to complete. Remember, there is absolutely no charge for this service.

So please sign up or sign in to enjoy unrestricted access to eWoss News.

Other Latest Business News

Singapore shipper Neptune Orient to cut 1,000 jobs Nov 19 2008 12:43AM CT
Asian markets fall on gloomy earnings outlook Nov 19 2008 12:40AM CT
Mazda buys back chunk of own shares from Ford Nov 19 2008 12:09AM CT
Wynn backs government's travel curbs in Macau 11:47PM CT
Consumers may get ray of good news: lower prices 11:33PM CT
Big 3 carmakers beg for $25B, warn of catastrophe 11:03PM CT
US says will work with China on product safety 10:29PM CT
Australia may be nearing recession, index shows 9:58PM CT
Oil steady near 22-month low below $55 in Asia 9:32PM CT
Chinese president builds economic ties with Cuba 9:30PM CT

   

© 2008 eWoss.com. All trademarks are the property of their respective owners. All Rights Reserved.
Copyright 2007 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.