Fiorina Being Considered for World Bank

Former Hewlett-Packard CEO, Carly Fiorina is being considered for the position of president of World Bank according to an official with the Bush administration.

The man currently in the position, 71 year old James Wolfensohn, will be retiring June 1.

A Seattle Times article says:

“Fiorina, 50, is the latest name to be bandied about to head the World Bank, a lender to developing nations. The Financial Times earlier yesterday, in a front-page story, said U.S. Deputy Defense Secretary Paul Wolfowitz was a “leading candidate” to replace Wolfensohn. Later in the day, the Pentagon issued a statement saying Wolfowitz would remain in his current post.

Ranked by Fortune magazine as the most powerful woman in business from 1998 until last year, Fiorina failed to boost profit at Hewlett-Packard. In 1999, the company reported net income of $3.49 billion. In 2004, earnings were $3.5 billion. Sales in the same period rose to $79.9 billion from $42.4 billion, buoyed by the purchase of Compaq Computer.”

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