An internal investigation at the World Economic Forum (WEF) has found that its founder, Klaus Schwab, engaged in unauthorized spending, workplace misconduct, and inappropriate behavior, including towards female employees.
The probe also alleges that Schwab manipulated WEF research data to discredit Brexit, raising concerns about the organization's credibility and impartiality. Schwab has denied all allegations, accusing the WEF board of breaching confidentiality agreements and vowing to refute the claims. The scandal has sparked a wider debate about elite influence, transparency, and the legitimacy of global governance institutions.
The fallout threatens the WEF's reputation and the trust of ESG investors and international stakeholders.
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