Thursday, April 12, 2007

UPDATE 1-"I made a mistake," Wolfowitz says of promotion

(Reuters) - WASHINGTON, April 12 - World Bank President Paul Wolfowitz said on Thursday he made "a mistake for which I am sorry" over his handling of the promotion and pay increase of a staff member, Shaha Riza, whom he is dating.

"I proposed to the board that they establish some mechanism to judge whether the agreement reached was a reasonable outcome," Wolfowitz said in a statement handed out before his news conference ahead of the upcoming meetings of finance ministers in Washington this weekend.


Read more at Reuters.com Bonds News

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