An internal investigation at the World Economic Forum (WEF) has found its founder, Klaus Schwab, engaged in unauthorized spending, workplace misconduct, and inappropriate behavior, including towards female employees.
The probe also alleges Schwab manipulated WEF research data to serve political interests, notably to undermine Brexit. Schwab and his wife reportedly benefited from over $1 million in questionable travel expenses. These revelations have sparked a crisis of credibility for the WEF, raising concerns about its governance and the legitimacy of its ESG framework.
Schwab has denied all allegations, but the dispute with the WEF board continues to escalate.
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