Frist Out as Possible World Bank Pres. — Was UIGEA a Cause?
The White House has announced that former U.S. Trade Representative and Goldman Sachs executive Robert Zoellick has been chosen to succeed Paul Wolfowitz as World Bank Group president, officially putting to rest speculation that former Senate majority leader Bill Frist might be tapped for the position. As late as last week, the Wall Street Journal was reporting Frist to be “among [the] favorites” to replace Wolfowitz, receiving “especially close scrutiny” from the Bush administration as a possible candidate. An unidentified source told the Associated Press that Frist had informed the White House on Monday he no longer wished to be considered for the position.
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