Showing posts with label Wolfowitz. Show all posts
Showing posts with label Wolfowitz. Show all posts

Wednesday, May 16, 2007

Endemic Corruption at the Top in Business and Politics, and the Unfairness of the System

Never in the history of the world has so much been earned by so few; and never in the history of the world has there been so much corruption.

Nowadays, we hear about corruption at the top all the time; indeed, almost on a daily basis, we hear some new titbit about the goings on of this CEO or that, or this politician or that. Political appointments are handed out based on nepotism and cronyism. Fat salaries are paid to people who have little experience, and sometimes even little understanding, of the positions to which they have been appointed.

We hear about this sort of thing all the time: one day it’s the slush fund that BAE is alleged to have set up, the next, it’s the enormous salary raise awarded to one’s fancy woman, yet another, we hear about the extraordinarily extravagant lifestyle of the gay head of Head of British Petroleum (BP), Lord John Browne, the socialist peer, who, it has been alleged, ran that oil company as though it had been his private enterprise, and who financed an extravagant gay lifestyle beyond any normal person’s wildest dreams: private jets to take the gay couple to the place or country of their whim and choosing; three-thousand-pound bottles of claret for lunches; trips to the Salzburg festivals; and so on and so forth. All, of course, on company expenses. Lord John Browne took the term ’gay lifestyle’ and gave it its full meaning! Pity he didn’t think of giving the term its full meaning out of his own pocket. Indeed, so gay was his lifestyle that his gay French-Canadian lover, Jeff Chevalier, couldn’t keep up with Lord Browne and is said to have had to go into therapy!

The evidence coming to light about the goings on at the World Bank apropos of the shenanigans of Paul Wolfowitz paints a depressing picture of corruption at the very top, in places one would hope would be corruption-free. Fat salary increases to one’s bed partner should surely be left to one's colleagues to decide; further, where such vested interests lie, they should be handed out by those other people on the basis of merit, and merit alone.

Then we have all those millions which are said to have been laundered in Switzerland to pay members of the royal family of Saudi Arabia in return for contracts and extensions of contracts pertaining to the Al-Yamamah contract which Mrs Thatcher initiated many years ago. It was a very large contract even then; now it is colossal. Funny that the name of the contract - Al-Yamamah- has such a whiter than white name; for in Arabic, the name means ‘the dove’. Doves, as we all know, have such a pure, often white, connotation. There seems to be little white and pure about the goings on behind the scenes between BAE and the Saudi government. Anyone would think that those already fabulously wealthy Saudi princes needed even more money!

The funny thing is that there are hundreds and hundreds (maybe even thousands and thousands) of ex-employees of BAE who have been treated shabbily. BAE is famous for its bad treatment of any employee who happens to fall foul of their autocratic management style. How many innocent ex-employees of BAE have had their careers washed up because of BAE, I wonder? How many lives has BAE destroyed? How many sacrificial lambs have there been since the inception of this so-called Al-Yamamah contract? One can only hazard a guess.

Then we have the Bush-Saudi connection. The relationship between these two parties seems most unhealthy to me and to many I know. Bush keeps harping on about terrorism and the need to win the war against it. Have you noticed, though, that he avoids calling that same terrorism by its proper name: Islamic terrorism? One can only wonder why.

The sad thing about the ‘war on terror’ is that Bush is all for beating it on the one hand, but on the other is allowing the Saudis to pump untold millions, nay billions, into the US to finance the propagation of Wahhabi Islam, known to be the most pernicious brand of Islam around. On this score, Bush speaks with bifurcated tongue. So Islam-friendly have his policies been over the time he has been in office that Islam has grown in the States like never before. Doesn’t the president realise that Islam is out to destroy the US constitution? Does he not realise that Islam and democracy are totally and utterly incompatible? Does he not realise that Islam is as much a political system as it is a religious one? Can Mr Bush really be that naïve? Or is there something else going on behind the scenes which we, the ordinary people, just don’t get to hear about?

Then we have the vast inequalities of wealth created here in the United Kingdom by no less than a so-called socialist government under Tony Blair’s watch. It has recently been reported that the top echelons of society have seen their riches increase threefold in the past decade! And they call that socialism! That’s ‘Champagne socialism’ if ever I saw it.

Now don’t get me wrong, I am no friend of socialism. Socialism is one of the worst forms of government ever dreamed up by any political thinkers. But nor am I in favour of a form of unbridled capitalism which treats people unfairly. It cannot be right for foreigners to be allowed to come to this country and not be taxed on their earnings from abroad, when ordinary people, you the voters, have to be taxed on any small amount of money you might be able to earn from that self-same source.

In London, there are many who have to slave away for a full week for as little as £400, and often less, whereas there are the fat cats who earn upwards of £46,000 in that very same week!

If the corruption I have referred to is allowed to continue, then we should not be surprised if one of these days the people will turn on the people who govern them. Nor should we be surprised if the pendulum will swing in the favour of socialism in the years to come. Even the very best of parties come to an end, sometime. Our politicians should be aware that people’s tolerance is not infinite. It used to be said that poverty was the breeding ground of communism. In those days, they were speaking of absolute poverty, of course. But I should like to add that relative poverty could also one day become the breeding ground of communism. We should all be aware that this is a distinct possibility. Fairness still counts for something. No sensible person wants to live in a political system that treats the rich differently from the poor. Any country that legislates so much in favour of the rich at the expense of the poor is heading for political turmoil. Those odious systems of government – socialism and communism – are not dead; they are simply lying dormant. And in some countries, most notably in Venezuela, we can see extreme socialism beginning to raise its ugly head even as I write this.

Capitalism is by far the best political system around; though it is far from perfect. The greatest weakness in capitalism is that it plays to man’s greedy nature. In years gone by, this wasn’t such a problem, since in years gone by, the influence of the Church and Christianity were far greater: they acted as a counterbalance to man’s greed, and checked people’s lack of principle, thereby keeping corruption, nepotism, and cronyism in check. Alas, in today’s increasingly secular world, there are few such checks and balances. The Western capitalist world has become a ‘free for all’: you take what you can, when you can.

Corruption, nepotism, cronyism, unbridled greed – these are the sad realities of life in the twenty-first century.

©Mark Alexander

Tuesday, May 15, 2007

Paul Wolfowitz could well stand down

TIMESONLINE: World Bank president, Paul Wolfowitz, may finally stand down after he broke rules by awarding his girlfriend a pay rise

Paul Wolfowitz, the embattled president of the World Bank, will today learn whether he has a future at the institution after a panel of executives found he had violated his contract when he awarded his girlfriend with a pay rise. Guilty Wolfowitz to face World Bank Board (more)

BBC: Wolfowitz ‘broke World Bank laws’
SPIEGELONLINE: Für Bushs langjährigen Wegbegleiter Paul Wolfowitz wird es jetzt eng: Nach dem Ethikrat hat auch der Untersuchungsausschuss der Weltbank sein Verhalten verurteilt. Die üppige Gehaltserhöhung für seine Freundin habe gegen die Regeln der Institution verstoßen.

Washington - Ein vom Weltbank-Direktorium eingesetzter Untersuchungsausschuss kam in seinem gestern in Washington veröffentlichten Bericht zu dem Ergebnis, dass Wolfowitz mit der Gehaltserhöhung gegen die Regeln der Institution verstoßen habe. Zugleich empfahl er dem Direktorium zu prüfen, ob Wolfowitz unter diesen Umständen die Weltbank weiter führen könne. Das Direktorium wollte heute Abend zu Beratungen zusammentreten und dabei auch Wolfowitz anhören. Zweiter Schuldspruch für Wolfowitz (mehr)

FAZ: Weltbank grübelt über Wolfowitz

LEMONDE: Un nouveau rapport remet en cause la capacité de M. Wolfowitz à diriger la Banque mondiale
Mark Alexander

Wednesday, May 09, 2007

Paris veut que la Banque mondiale se prononce “rapidement” sur le sort de Wolfowitz

TRIBUNE DE GENÈVE: La France a souhaité aujourd'hui que le conseil d'administration de la Banque mondiale (BM) "se réunisse rapidement pour se prononcer" sur le sort de son président accusé de népotisme, Paul Wolfowitz.

Le maintien de l'Américain à la tête de la Banque mondiale semble plus que jamais compromis, le comité d'éthique de l'institution multilatérale ayant conclu dans un rapport que M. Wolfowitz n'avait pas respecté les règles."Nous souhaitons que le conseil d'administration se réunisse rapidement pour se prononcer sur la base de ce rapport et des observations que pourrait faire M. Wolfowitz", a déclaré à la presse le porte-parole du ministère des Affaires étrangères, Jean-Baptiste Mattéi. Wolfowitz: Paris veut que la Banque mondiale se prononce "rapidement" (encore)

Mark Alexander

Tuesday, May 08, 2007

Leading Governments of Europe Want Wolfowitz Out

Photo Sharing and Video Hosting at Photobucket
Photo of Paul Wolfowitz courtesy of SpiegelOnline International
SPIEGELONLINE INTERNATIONAL: Leading governments of Europe signaled that they were willing to let the United States choose the bank's next chief if Paul D. Wolfowitz stepped down soon, officials said.

Leading governments of Europe, mounting a new campaign to push Paul D. Wolfowitz from his job as World Bank president, signaled Monday that they were willing to let the United States choose the bank's next chief, but only if Mr. Wolfowitz stepped down soon, European officials said. Deal Is Offered for Chief’s Exit at World Bank (Read on)

Mark Alexander

Monday, May 07, 2007

Wolfowitz’s Aide Steps Down

Photo Sharing and Video Hosting at Photobucket
Photo of Wofowitz courtesy of Google Images
BBC: A senior aide to embattled World Bank president Paul Wolfowitz has announced his resignation.

Kevin Kellems said an ongoing scandal surrounding his boss made it difficult for him to remain effective in his role at the Washington-based institution. Senior Wolfowitz aide steps down (Read on)

Mark Alexander

Monday, April 30, 2007

Whichever way you slice it, Mr Wolfowitz, you are not wanted at ‘The World Bank’

Photo Sharing and Video Hosting at Photobucket
Photo of Mr Wolfowitz courtesy of Google Images
BBC: World Bank President Paul Wolfowitz has said he would not resign in the face of "bogus" charges against him.

In a statement to a panel of World Bank directors, the embattled chief said he was the victim of a "smear campaign".
Mr Wolfowitz was defending himself against accusations that he pushed through a huge pay package for his girlfriend without the Bank's consent.

The committee is due to report to the Bank's board of 24 representatives, who will decide on the president's fate.
Mr Wolfowitz has apologised for his actions, vowing to stay on to complete what he called "important work".

Earlier, US President George W Bush said he believed Mr Wolfowitz "ought to stay" in his job. I will not resign, says Wolfowitz

Mark Alexander
Wolfowitz Between a Rock and a Hard Place

Photo Sharing and Video Hosting at Photobucket
Photo of Wolfowitz courtesy of Google Images
TIMESONLINE: Paul Wolfowitz will plead to keep his job as President of the World Bank today before a special investigating committee, which is said to have concluded that he breached ethics by engineering a pay rise for his girlfriend.

The fate of Mr Wolfowitz, who in his former role at the Pentagon was one of the architects of the Iraq war, has opened up a new split between EU countries and the US. Wolfowitz is given time to go quietly (Read on) by Tom Baldwin in Washington

Mark Alexander

Thursday, April 26, 2007

EU Pressure Grows for Wolfowitz to Resign

Photo Sharing and Video Hosting at Photobucket
Photo courtesy of the BBC
BBC: The European Parliament has added its voice to those calling on World Bank boss Paul Wolfowitz to resign over a promotion row involving his partner.

MEPs voted by 332 to 251 to ask Germany, which currently holds the EU Presidency, to call for his departure at next week's EU-US summit.

Their resolution states his resignation would be a "welcome step" in supporting the body's anti-corruption strategy.

Mr Wolfowitz is accused of intervening to secure a big salary for Shaha Riza. MEPs call on Wolfowitz to resign (Read on)

Mark Alexander

Wednesday, April 25, 2007

When the rug is about to be pulled from under one’s feet

Photo Sharing and Video Hosting at Photobucket
Photo of Wolfowitz courtesy of SPIEGELONLINE INTERNATIONAL
SPIEGELONLINE INTERNATIONAL: The seats are getting hotter for World Bank President Paul Wolfowitz and Attorney General Alberto Gonzales. Both still enjoy the support of the US president, but dismissals may be just around the corner.

It was hardly an evening for merrymaking, and US President George W. Bush decided he wouldn't even try. Traditionally, the US president pokes fun at himself at the annual White House Correspondents' Association Dinner, but with the Virginia Tech massacre still on everyone's minds, the timing at Sunday's dinner simply wasn't right.

There were other reasons for Bush to be somber as well. His press secretary Tony Snow has been diagnosed with life-threatening cancer. Over in Iraq, last week's deadly suicide bombs made a mockery of Bush's push for more security in Baghdad.
And then there were the two guests sitting at the very back of the hall.

Alberto Gonzales, still the US Attorney General, and Paul Wolfowitz, still the World Bank President, smiled bravely through the show -- but it certainly wasn't out of smugness for their futures. All of Washington is puzzling over whether and when Bush will drop one or both of them. Indeed, not even Bush confidantes deny that a presidential coup de grace for Gonzales and Wolfowitz is long overdue. Both have lost the one quality that is absolutely indispensable for their offices: moral authority. Fredo and Wolfie facing unemployment (Read on) by Georg Mascolo

Mark Alexander

Tuesday, April 24, 2007

40 Former Top Officials at World Bank Call for Wolfowitz's Resignation but Wolfowitz Digs In His Heels and Hires Top Lawyer in Fight to Carry On

WARNING: To read all of this article, you might have to sign in at the NYT:
NEW YORK TIMES: WASHINGTON, April 23 — Paul D. Wolfowitz, signaling anew that he will fight for his job as World Bank president, has enlisted a prominent lawyer who defended President Bill Clinton against accusations of sexual misconduct to help convince the bank’s board that Mr. Wolfowitz has done nothing to justify being ousted.

Robert S. Bennett, the lawyer selected by Mr. Wolfowitz, said in an interview that before the bank’s board acted on charges of ethical lapses, he and Mr. Wolfowitz wanted more time to prepare a case showing that the bank president had acted properly on all matters that the board is investigating.

“I am very worried about the rush to judgment,” Mr. Bennett said. “We just had a wonderful example of that in the Duke lacrosse case. I have reviewed the essential documents, and I have absolutely no doubt in my mind that Mr. Wolfowitz exercised good faith and that everything he did was in the best interests of the bank.”

It was unclear whether Mr. Wolfowitz intended to pay his legal fees himself or whether he would seek reimbursement from the bank. His latest sign of apparent determination to keep his job came as the furor over his record continued to spread.
Bank officials said that after several days of canvassing hundreds of employees, about 25 vice presidents of the bank were preparing to document that the overwhelming majority of the employees favor Mr. Wolfowitz’s departure.

The vice presidents met with Mr. Wolfowitz in the afternoon and some bank officials said that they would present their conclusions about bank sentiment to the board of directors, the 24 representatives of various countries and groups of countries that run the bank’s day-to-day affairs in tandem with the president.

The Financial Times reported on Monday that the independent agency within the bank that assesses the effectiveness of bank programs concluded last week that “swift changes in management” were needed to restore its credibility.

In addition, a group of more than 40 former top officials at the bank, many of whom departed after clashing with Mr. Wolfowitz, issued a public call for him to resign. Wolfowitz Hires Prominent Lawyer in Fight to Stay at World Bank (Read on) By Steven R. Weisman

LE FIGARO: Banque mondiale : après Londres, Berlin lâche Wolfowitz
Mark Alexander

Monday, April 23, 2007

It’s over, though Wolfowitz doesn’t yet realize it

Photo Sharing and Video Hosting at Photobucket
Photo courtesy of Google Images
FINANCIAL TIMES Editorial: If Paul Wolfowitz remains head of the World Bank, he will preside over a rudderless hulk. That is today’s inconvenient truth. The US has always had the prerogative of nominating the president of the bank. But this privilege carries with it a big responsibility. Exercising that responsibility now requires acceptance of an immediate change in the bank’s top leadership.

The revelations of Mr Wolfowitz’s role in deciding the terms on which his girlfriend was seconded to the US state department became public a little over a week ago. Since then two points have become clear, despite much obfuscation. First, responsibility for the astonishingly generous terms given his girlfriend rested solely with Mr Wolfowitz, who went beyond the board’s recommendations. Second, the board itself failed to respond appropriately when he went beyond its advice. Why Wolfowitz should depart now (Read on)

Mark Alexander