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How Kim Works (or doesn’t)
The headline in the Chicago Tribune was dramatic: Exclusive: World Bank to cut $400 million from budget in reorganization, but the story was less so:
WASHINGTON (Reuters) - The World Bank plans to cut $400 million from its budget as part of a sweeping reorganization to make the global development lender more efficient and responsive, the bank’s chief financial officer said on Monday.
The savings, which have not yet been publicly disclosed, are part of the World Bank’s first major strategic realignment in 17 years. The $400 million figure will be presented to the World Bank’s member countries later this week during its annual meetings, along with a new strategy to focus the institution on its poverty-fighting goals.
The $400 million in savings will be phased in over three years and mark an 8 percent cut from the bank’s current $5 billion in annual expenses, Bertrand Badre, who is also the bank’s managing director for finance, said in an interview…
The bank has not yet outlined exactly where it will find the savings, although Badre suggested travel policies, information technology and real estate would be good places to start. Many World Bank employees were already sending him suggestions.
“Nobody likes to cut costs,” he said. “That’s pretty human. But the reality is that everybody is aware that we could do things better.”[Emphasis added]
In the real world, first you find places to cut, you add them all up, and then you announce your plan based on real information. In Jim Kim’s world, you come up with a nice round number, you tell everyone about it, and take a great deal of credit for things that you might never do. What do you bet that the World Bank’s books never show any evidence of these cuts in the next three years?
At the College in May 2011, the faculty asked for detail about Kim’s supposed $100M budget reorganization, and when Kim and Folt presented a sad hodgepodge of data that would make an accountant cry, the faculty rejected their explanations not once but twice. Do the College’s accounts show any cuts from Kim’s three years as President? We’ll see in a few weeks when the numbers for 2013 come out. Hint: not in 2011 and 2012 — Kim’s first two budgets.
Kim has now gone down to Washington to peddle the same snakeoil. I wonder if the Board at the World Bank will be looking as closely at Kim as the Dartmouth faculty did.
October 18, 2009
When Love Beckoned in 52nd Street
We were at San Francisco’s BIX last evening, enjoying prosecco, cheese, and a bit of music. A full year of inhabitation in Northern California has unraveled to me no decent venue for proper lounging, but…
October 9, 2009
D Afraid of a Little Competish
So our colleague and Dartblog writer Joe Asch informed me that the D has rejected our cunning advertising campaign. Uh-oh. The Dartmouth is widely known as a breeding ground for instant New York Times successes,…
September 4, 2009
How Regents Should Reign
As Dartmouth alumni proceed through the legal hoops necessary to defuse a Board-packing plan—which put in unhappy desuetude an historic 1891 Agreement between alumni and the College guaranteeing a half-democratically-elected Board of Trustees—it strikes one…
August 29, 2009
Election Reform Study Committee
If you are an alum of the College on the Hill, you may have received a number of e-mails of late beseeching your input for a new arm of the College’s Alumni Control Apparatus called…
August 23, 2009
Fare Thee Well, Tom Crady
And now Dean Tom Crady has precipitously announced his departure from the College after only 20 months on the job. How to read this? By way of background, prior to coming to Dartmouth, Crady had…
May 31, 2009
Kangaroo Court, Indeed
In an interview with The Dartmouth, alumni-elected trustee T.J. Rodgers ‘70 explained his reasons for declining to participate in future evaluations of trustees up for “re-election,” namely the “kangaroo court” nature of such discussion in…