Were Paul Wolfowitz a man of any character, he would have long ago resigned as president of the World Bank. Unfortunately, he has proved to be a gutless little weasel who confuses mere tenacity with courage and conviction. He apparently has gotten to the groveling stage in this little drama and has made the assertion that getting rid of him would be "detrimental" to the well being of the bank. The truth is that he got caught using his power to benefit one individual at the expense of the bank. Highhanded and smug, he thought he could recreate the World Bank in an image pleasing to him and his sponsors while avoiding any accountability for his actions.
Men--true men--do not act in these ways. If they slip, though, and this sort of mess comes to light, they do the manly and honorable thing: They resign.
On an unrelated note, hell is just a little more crowded today thanks to the passing of world-renowned hypocrite, Jerry Falwell. If there really is a literal Hell, then I am confident that he is there, dressed in a Tinky Winky costume and serving every whim of those he worked so hard to have hated and reviled.