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 toward female staff.
The probe also alleges that Schwab manipulated WEF research data to discredit Brexit, raising concerns about the organization's impartiality. Schwab and his wife reportedly benefited from over $1 million in questionable travel expenses, while Schwab has denied all allegations and criticized the WEF board's handling of the situation. The scandal has sparked a crisis of credibility for the WEF, with broader implications for its role in global governance and ESG investing.
The controversy has fueled public skepticism about elite influence and transparency at the Davos summit.
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