James Wolfensohn, who served as the president of the World Bank for 10 years and was a guiding force for a couple of the most well-known cultural institutions in the US, has died. He was 86.
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Wolfensohn, born in Australia, worked on Wall Street for many years before taking over as the head of the World Bank, a loan-offering global development organization, in 1995. He was nominated by then-President Bill Clinton. In his time there, he took on issues like corruption in the organization's development projects, and emphasized paying attention to the needs and priorities of the countries doing the projects.
Along with his three children, Wolfensohn is survived by seven grandchildren. His wife, Elaine, died in August.
