resignation

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No-Confidence Vote Looms For Wolfowitz

Endgame near as majority of bank board favors dismissal

(Newser) - The World Bank executive board plans to force Paul Wolfowitz out of his post as president this week, reports The Washington Post; they're hoping a vote of no-confidence will induce him to resign without having to risk angering the U.S. by firing him.

Speculation On Wolfowitz Successor Builds

World Bank can expect numerous responses to 'help wanted' ad

(Newser) - As pressure on Paul Wolfowitz to step down grows, so does the list of possible successors to the scandal-battered World Bank president. The conservative Washington Times focuses on Goldman Sachs executive Robert Zoellick, a former official in both Bush administrations; other names in play include Treasury official Robert Kimmitt and...

Blair Will Resign Tomorrow
Blair Will
Resign Tomorrow

Blair Will Resign Tomorrow

British PM to back Brown Friday, step down in July

(Newser) - British Prime Minister Tony Blair is expected to formally announce his resignation tomorrow and anoint Chancellor Gordon Brown as his successor Friday. The Guardian reports he won't actually step down until July, but the announcement will signal the end of the Blair era and begin a divisive process of choosing...

Drama Builds At HBO As CEO Departs
Drama Builds
At HBO As
CEO Departs

Drama Builds At HBO As CEO Departs

Albrecht takes indefinite leave after drunken arrest Sunday

(Newser) - HBO's capo is making like Tony Soprano and taking an indefinite leave of absence from the cable network. Chris Albrecht, who has led the network since 2002, was arrested by Las Vegas police on Sunday, after officers said they witnessed Albrecht in a violent altercation with his girlfriend.

Europeans Offer Deal to Make Wolfowitz Quit

U.S. could choose the next World Bank president

(Newser) - European partners in the World Bank have signaled to the White House that they want Paul Wolfowitz to resign, the New York Times reports, and they're willing to let the U.S. appoint his successor to make that happen. After an investigating committee found Wolfowitz guilty of ethical breaches, one...

Bank Panel Faults Wolfowitz
Bank Panel Faults Wolfowitz

Bank Panel Faults Wolfowitz

(Newser) - World Bank president Paul Wolfowitz is guilty of a conflict of interest for finagling promotions and raises for his girlfriend, according to a panel of seven bank directors. The result isn't binding and doesn't recommend a punishment, but bank insiders tell the Times that a majority of the 24 board...

Wolfowitz Catches Hell From Angry World Bank Managers

(Newser) - Top managers at the World Bank held a tense closed-door meeting with Paul Wolfowitz last week, details of which have leaked to the Times. Managing director Graeme Wheeler told the sullied president he would cause “fantastic damage” by staying at the bank, which is facing "the biggest crisis...

Penn State Coach Quits
Penn State
Coach Quits

Penn State Coach Quits

Women's basketball head coach Rene Portland resigned amid allegations of discrimation

(Newser) - Penn State women's basketball coach Rene Portland, who resigned last night,  ends her 27-year college career with 606 wins, amid allegations that she discriminated against lesbian players.  Under Portland, Penn State played in 21 NCAA tournaments, including the 2000 Final Four, but the team’s performance slipped the...

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