Posted on

James D. Wolfensohn, Who Led the World Bank for 10 Years, Dies at 86


James D. Wolfensohn, who escaped a financially pinched Australian childhood to become a top Wall Street deal maker and a two-term president of the World Bank, died on Wednesday at his home in Manhattan. He was 86.His daughter Naomi Wolfensohn confirmed the death.Mr. Wolfensohn was a force on Wall Street for years, helping to rescue the Chrysler Corporation while working for Salomon Brothers and running his own thriving boutique firm, before President Bill Clinton nominated him to lead the World Bank, the world’s largest economic development institution.But he was more than a financier. He led fund-raising efforts …

Read More