The lavish pay rise the head of the World Bank arranged for his girlfriend cost him his job. The Pentagon-number-2-turned-banker, Paul Wolfowitz, was forced to resign in 2007, after he was found guilty of breaking the institution’s rules. Wolfowitz had helped his girlfriend, Shaha Riza, win a promotion and a massive pay hike when she moved from the World Bank to the US State Department. Riza, a World Bank staffer, changed jobs to avoid the conflict of interest when Wolfowitz was appointed to the bank’s helm in 2005. Her salary also moved, the $60,000-a-year tax-free pay rise making her better-paid than Secretary of State Condoleezza Rice. The scandal plunged the World Bank into the worst crisis in its history – it had never before dismissed a president. Wolfowitz, the former US Deputy Defense Secretary and a controversial World Bank head because of his role as one of the key architects of the Iraq War, stated that he had acted ethically and in good faith.
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