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, including rankings, to serve political interests such as discrediting Brexit. Schwab and his wife reportedly benefited from over $1 million in questionable travel expenses. The scandal has 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 controversy continues to deepen, threatening his legacy and the organization's reputation.
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