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Thursday, May 17, 2007

Wolfie's golden parachute

Yesterday, I had a post about Wolfowitz in which my wife had asked somewhat facetiously whether he would get a huge pension and a golden parachute when he left the World Bank. The pension I don't yet know about, but the golden parachute is opening.

Under a contract he signed in June 2005 when he became World Bank president, Wolfowitz would receive a year's salary, or around $375,000, if his service were terminated by the board or if he resigned.

[H/t to Americablog]

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