Crying wolf Wolfowitz or: what Iraq and the IMF have in common

[Skybird]

"Wie im Kleinen, so im Großen." Or was it the other way around?

http://www.spiegel.de/international/...482945,00.html

Linked to this:

http://www.iht.com/articles/ap/2007/...-Wolfowitz.php
http://www.iht.com/articles/2007/05/...5wolfowitz.php

http://www.washingtonpost.com/wp-dyn...051401624.html
http://www.washingtonpost.com/wp-dyn...051401624.html

[Smaragdadler]

Sometimes a great Little is needed for something little Great.
Bauernopfer.

[Heibges]

Rule#1 of the Business World : Don't @#$^ the secretarial pool.

I know his girlfriend wasn't a secretary, but you get the point.

More anti-semitism from the Europeans.

[Heibges]

Originally Posted by Smaragdadler

Sometimes a great Little is needed for something little Great.
Bauernopfer.

Or, President of Bank need to think with Great Head not Little Head.

[The Avon Lady]

More Wolfowitz Derangement Syndrome from Europe and the clueless. Once again, Melanie Phillips points out the facts and false witnesses.

Now, if you'll excuse me, I didn't even mean to be here this morning. Just got my new notebook PC last week and SH4 yesterday.

Good luck, Europe.

[Skybird]

Die hard.
http://www.iht.com/bin/print.php?id=5728540

Bush has given up support for Wolfowitz. From now on it is only a question of time until he is history. Then the network of neocons he has installed needs to be taken care of. If that would be acchieved - and there is justified doubt that it even will be tried - the bank still will have to deal with it's reputation of being a manipulative tool to bring third world economies and markets into shape with interests of the first world (and to the disadvanatge of the third world), but at least the breathtaking shamelessness and frankness by which American neocons have been installed to take control of the bank and closing it to any outsiders not agreeing with neocon policies, would end. Wolfowitz has tried to run the world bank in the same arrogant, egocentric and corrupt manner he was running his corner of American policies. I wonder where it is where he has caused the greater damage, the first or the latter. History will tell.

A factor that kept emotions high was the disclosure on Tuesday of documents that seemed to buttress the bank committee's conclusion that Wolfowitz tried to keep the pay and promotion arrangement for Riza a secret.
According to one document, Wolfowitz had a bitter showdown with the bank's personnel director, Xavier Coll, in March 2006 over Wolfowitz's concern that word of the salary was leaking out to the press.
Coll recounted that Wolfowitz became "increasingly agitated" and said he was "tired of people" who were "attacking him."
"You should tell your friends to stop it," Wolfowitz added, using expletives and threatening retaliation, according to the memo.
Aside from the coarse language, the document seemed to demonstrate that Wolfowitz was aware six months after he arranged for Riza's compensation that few people at the bank knew about it. This appeared to contradict his contention that it was well known at the bank and deemed appropriate.

As the Spiegel essay does not reveal, but summarizes the often-reported personell-policies of Wolfowitz, one must conclude from all that that the Riza-affair is by far the lesser evil in his many failures. Wolfowitz must go, if not because of the Riza-affair, than for the other corrupt attacks at the bank's integrity which weigh much heavier. The US since the beginning has looked at the bank as something like the appendage of American economy policies and thus made sure that by the regulations it always, without exception, was possessing the chief's seat of the organisation. I can only wonder about the European's willingness to accept that habit forever, and to avoid an open conflict even in the face of the crisis around Wolfowitz. This whole thing - should have been decided long ago by a failed vote of confidence, and firing the man.

Krakenpolitik.

[Heibges]

She talks like it's a legal trial, but this isn't the legal world it's the business world.

In the banking and insurance worlds, especially at the highest level, you are considered a rebel if you wear a light brown suit.

If you're not the Rock of Gibraltar it's hard to be the president of a bank. At any bank in the world, any wiff of impropriety and you are a goner.

He isn't a player in the NFL.

Our mayor in San Francisco, Gavin Newsom, was in hot water a while ago over medical leave paid to a former mistress. The investigation cleared him. But this is the world of politics, again, totally different than the world of banking.

It shows Wolfie's hubris that he hasn't resigned already.

This would be a Human Resources nightmare at any company in the United States today. This is how is would play out here. Boss gives promotion to girlfriend. All other employees up for promotion sue company. Boss fired. Company settles out of court. Pretty much all companies in the United States have policies against superiors dating underlings, especially direct-reports.

[TteFAboB]

Close the thing. All WB projects I know could've been financed directly by any nation or even privately if the money hadn't already been dragged to the WB. If there's something only the WB can do I'm all ears.

Originally Posted by TteFAboB

Close the thing. All WB projects I know could've been financed directly by any nation or even privately if the money hadn't already been dragged to the WB. If there's something only the WB can do I'm all ears.

But how many nation's could obsorb the default on that debt that many of the projects incure? It was that situation which caused this extra-governmental agency to be established. It is also that self governing extravagance which leads to the corruption which the World Bank is known for.

[August]

Originally Posted by Heibges

Rule#1 of the Business World : Don't @#$^ the secretarial pool.

I know his girlfriend wasn't a secretary, but you get the point.

Not the same situation at all. She was made to leave the World bank because he became its president.

How would you feel if your job was terminated because your employer hired your wife/girlfriend/significant other?

Do you feel you would be justified in getting compensation? That's what this is all about.

[XabbaRus]

Originally Posted by waste gate

More anti-semitism from the Europeans.

One I don't get this comment at all.

Two it isn't unusual for companies to have a no relationship in teh workplace rule. John Lewis in the UK has that policy to avoid corruption. If two people star something one has to leave. It's in the contract and well known. I don't know the ins and out but I would be surprised if he and his girlfriend were unaware of such a policy and thus gaining compensation is not valid.

Also waste gates assertions about how many countries could afford the default on any loans given to the projects is moot as most of teh money paid out by the world bank has no hope of being repaid anyway so it might as well be written off. They aren't getting it back and never will. Wipe the slate clean and figure a better way to deal with it.

Originally Posted by XabbaRus

One I don't get this comment at all.

Two it isn't unusual for companies to have a no relationship in teh workplace rule. John Lewis in the UK has that policy to avoid corruption. If two people star something one has to leave. It's in the contract and well known. I don't know the ins and out but I would be surprised if he and his girlfriend were unaware of such a policy and thus gaining compensation is not valid.

Also waste gates assertions about how many countries could afford the default on any loans given to the projects is moot as most of teh money paid out by the world bank has no hope of being repaid anyway so it might as well be written off. They aren't getting it back and never will. Wipe the slate clean and figure a better way to deal with it.

1. Wolfowitz is a jew.

2. The WB invests in other markets (bond markets for the most part) which gov'ts do not. This WB was designed to asuage the Europeans from the beginning. Money is influence and when the bank was established the US was, and to this day, is far and away in a far better position to use money as influence than any other single nation. The Euro nations didn't like that so the US let this extra-gov'tal agency be established. The negotiations left a US national as the president. Also the US is the greatest shareholder in the WB.

There is an old saying 'he who pays the piper calls the tune', or to put it more bluntly, 'money talks and bull**** walks'.

If the Euros thought Wolfowitz was bad wait until Donald Rumsfeld moves in!

[XabbaRus]

I know Wolfowitz is a jew but I don't see how that is relevant. Sadly it seems to be another of your remarks that has no basis in fact.

Originally Posted by XabbaRus

I know Wolfowitz is a jew but I don't see how that is relevant. Sadly it seems to be another of your remarks that has no basis in fact.

Sadly, you cannot see the racism that still exists in Europe.