Consequences if he stays
What the Board of Governors said about Wolfowitz:
"We have to ensure that the Bank can effectively carry out its mandate and maintain its credibility and reputation as well as the motivation of its staff. The current situation is of great concern to all of us. We endorse the Board's actions in looking into this matter and we asked it to complete its work. We expect the Bank to adhere to a high standard of internal governance."
The following points summarize some of the most costly consequences if Wolfowitz is not forced to resign:
· Deterioration in Reputation... The tarnished reputation of the institution will not be restored without the closure that Wolfowitz's departure would bring. The brand of the World Bank has already been damaged under Wolfowitz's management style and his repeated difficulties with the Board and his managers. The Bank will find itself in a position where it has greater difficulty in attracting the high-quality staff needed to carry out the Bank's operations. It is highly likely that if Wolfowitz were to be retained, many long-serving Bank staff would leave the organization given the high levels of distrust and moral outrage at his behavior and leadership style.
· Loss of Credibility on Governance and Anti-Corruption...
· Breach of Staff's Trust...
· Diminished Ethical Standards of Top Management...
· Lost Confidence of Board of Directors...
· Department of Integrity...
· Double Standard of Ethics...
· Relationship with Development Partners...
· IDA 15 Replenishment...