Archived post

This is an archived post. Please click here to see the latest entries.

« Does Hanover Tax Dartmouth? | Home | Yet Another Scandal? »

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.


Featured posts

  • August 14, 2013
    Breaking: Of Crips and Bloods and Memories of Ghetto Parties
    History repeats itself, first as tragedy and then as farce, or sometimes it just repeats itself. From the New York Times on November 30, 1998: At Dartmouth College, white students at a ”ghetto party” dressed…
  • June 25, 2013
    Dean of the College Charlotte Johnson’s War on Students Part (2/2)
    Part 1, Part 2 Today’s post again recounts the events that befell the Freshman. However, the content of the Hanover Police department report reproduced in this space yesterday is supplemented by information from my own…
  • 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…

Dartblog Specials

Subscribe by Email

Enter your email address:

Help, Pecuniarily

Please note

This website reflects the personal opinions of its authors. Any e-mails received may be published along with the full name of the sender. If you wish otherwise, please say so.

All content appearing at should be presumed copyright 2004-2018 its respective bylined author unless otherwise noted or unless linked to original source.




June 2018
Sun Mon Tue Wed Thu Fri Sat
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30