According to Reuters
"The World Bank's board is negotiating details of Paul Wolfowitz's exit as bank president, board sources said on Wednesday following pressure by European countries over his handling of a promotion for his companion.
"They have resumed the meeting and are finalizing a deal," one of the board sources told Reuters after an adjournment of a board meeting earlier at the request of the United States.
The board sources from developed and developing countries said details of a package, including financial compensation, were being discussed with Wolfowitz's lawyer.
Under a contract he signed in 2005 when became World Bank president, Wolfowitz would receive a year's salary, which would be around $375,000, if his service was terminated by the board or if he resigned."
It isn't clear, at this time, whether his significant other will be leaving the bank as well.
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