Governors of the Inter-American Development Bank (IDB) voted yesterday to fire the bank’s president, Mauricio Claver-Carone, following an investigation revealing Claver-Carone’s intimate relationship with a subordinate. The IDB’s board had voted unanimously last week to recommend his firing. The investigation found that Claver-Carone unilaterally awarded a 40% pay raise to his chief of staff, with whom he was having a romantic relationship. Claver-Carone wrote in a departure letter that ““The Bank has failed to meet the mark as a rules-based institution,” noting that he is considering legal action against the institution over the decision. The former president reportedly failed to fully cooperate with the investigation by refusing to grant access to his work phone or communications from his personal phone and email.
IDB president removed after ethics probe
IDB president removed after ethics probe
IDB president removed after ethics probe
Governors of the Inter-American Development Bank (IDB) voted yesterday to fire the bank’s president, Mauricio Claver-Carone, following an investigation revealing Claver-Carone’s intimate relationship with a subordinate. The IDB’s board had voted unanimously last week to recommend his firing. The investigation found that Claver-Carone unilaterally awarded a 40% pay raise to his chief of staff, with whom he was having a romantic relationship. Claver-Carone wrote in a departure letter that ““The Bank has failed to meet the mark as a rules-based institution,” noting that he is considering legal action against the institution over the decision. The former president reportedly failed to fully cooperate with the investigation by refusing to grant access to his work phone or communications from his personal phone and email.