Frist Bows out of World Bank President Pool
Cross-posted from PoliBlog:
Via the AP: Frist withdraws name from World Bank
Former Senate Majority Leader Bill Frist has withdrawn his name from consideration for World Bank president, a person familiar with the situation told The Associated Press on Monday.
A good move on Frist’s part and one wonders how seriously he was being considered for the position. Quite frankly he would have been a rather bad choice given his utter lack of a record in terms of economics, finance of development. For that matter, I don’t think he has any requisite management experience, either. I know that he volunteers time and skills in regards to the poor in Africa, but I don’t think that qualifies to be even be considered for the presidency of the World Bank.
The following make more sense:
Treasury Secretary Henry Paulson is leading the effort to find a replacement for Wolfowitz.
Other names mentioned for the post include: former Deputy Secretary of State Robert Zoellick, who was Bush’s former trade chief; Robert Kimmitt, No. 2 at the Treasury Department; Stanley Fischer, who once worked at the International Monetary Fund and is now with the Bank of Israel; former Federal Reserve Chairman Paul Volcker; former Rep. Jim Leach, R-Iowa; and Sen. Richard Lugar, R-Ind.
Indeed, Paulson, Fischer and Volker would all seem to be logical choices.