Following yesterday's publication of Paul Volcker's second interim report on the U.N.'s Oil for Food program, Kofi Annan issued a statement saying "the inquiry has cleared me of any wrongdoing." Later, asked if had any plans to resign, he answered, "Hell no!" Question for the Secretary General: How do you define "wrongdoing"?

In the narrowest sense, Mr. Volcker's Committee found "no evidence" that the Secretary General influenced the U.N.'s 1998 selection of Swiss inspections company Cotecna for an Oil for Food contract. It also found that "the evidence is not reasonably sufficient to show that the Secretary-General knew that Cotecna had submitted a bid on the humanitarian inspection contract in 1998."

In a broader sense, however, what Mr. Volcker's report reveals is an "adverse finding" against the Secretary General: That is, patterns of willful neglect, conflict of interest and incompetence that would have any business CEO out on his ear.

- posted by The Dutchman @ 3:33:00 PM