Wolfowitz Blames Press For Resignation

This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.

The New York Sun

LONDON — The departing World Bank president, Paul Wolfowitz, in a radio interview broadcast yesterday blamed an overheated atmosphere at the bank and in the press for forcing him to resign.

Mr. Wolfowitz, who has announced he will step down June 30, denied suggestions that his decision to leave was influenced by an apparent lack of support from the bank’s employees.

“I think it tells us more about the media than about the bank, and I’ll leave it at that,” he told the British Broadcasting Corp. “People were reacting to a whole string of inaccurate statements and by the time we got to anything approximating accuracy, the passions were around the bend.”

Mr. Wolfowitz said he was pleased the bank’s board accepted that he had acted ethically and in good faith in his handling of a generous compensation package for his girlfriend and bank employee Shaha Riza in 2005.

“I accept the fact that by the time we got around to that, emotions here were so overheated that I don’t think I could have accomplished what I wanted to accomplish for the people I really care about,” he said.

By tradition, the American government — the bank’s biggest financial contributor — names an American to run the institution.


The New York Sun

© 2025 The New York Sun Company, LLC. All rights reserved.

Use of this site constitutes acceptance of our Terms of Use and Privacy Policy. The material on this site is protected by copyright law and may not be reproduced, distributed, transmitted, cached or otherwise used.

The New York Sun

Sign in or  create a free account

or
By continuing you agree to our Privacy Policy and Terms of Use