Former World Bank chief Paul Wolfowitz, who resigned amid a furor over his handling of a bank pay package for his girlfriend, has joined the American Enterprise Institute, a think tank, as a visiting scholar.
AEI's president, Christopher DeMuth, made the announcement Monday. Wolfowitz will work on entrepreneurship and development issues, Africa and public-private partnerships, the group said in a release.
Wolfowitz's last day as head of the World Bank, a major poverty-fighting institution, was on Saturday, ending a stormy two-year run.
He was essentially forced to step down from the World Bank after a special panel found that he broke bank rules in arranging a hefty pay raise for Shaha Riza, his girlfriend and bank employee. Wolfowitz's handling of the pay package prompted a staff revolt and calls by Europeans and others for him to resign. Read more...