Wolfowitz: "I have been caricatured as a 'boyfriend' who used his position of power to help his 'girlfriend'

Wolfowitz told the board on Tuesday that a loss of confidence in his leadership over his role in a pay hike for his girlfriend, would be "unfair".
   
"I implore each of you to be fair in making your decision," Wolfowitz told executive directors who had gathered to hear his rebuttal of the allegations.
 
"Your decision will not only affect my life, it will affect how this institution is viewed in the United States and the world."
   
"You still have the opportunity to avoid long-term damage by resolving this matter in a fair and equitable way that recognises that we all tried to do the right thing, however imperfectly we went about it," he said.

"I have been caricatured as a 'boyfriend' who used his position of power to help his 'girlfriend'," he said.

He said his decisions at the time were made in the best interest of the institution.
 
"Ms Riza's external placement does not justify taking any action against me or warrant a finding that you lack confidence in my leadership," he said.

I think we should launch a campaign to keep Wolfowitz as head of The Bank. He's done more to undermine its credibility and 'moral authority' than any number of critical, public campaigns. Under Wolfowitz the Bank's expensively constructed patina of respectablity is rapidly eroding, laying bare the brutal cess-pool of vanity and corruption that lies at the institution's rotten heart...