World Economic Forum (WEF) Board Launches Independent Investigation on Alleged Misconduct by German, Chairman & Founder Klaus Schwab (Age 87) after Whistleblower Letter on Financial & Ethical Misconduct by Klaus Schwab & His Wife Hilde, Used World Economic Forum (WEF) Resources for Personal Use, WEF Announced Klaus Schwab Retirement on 21st April 2025 with ex-Nestle Chairman & CEO Peter Brabeck-Letmath Appointed as Interim Chairman, World Economic Forum (WEF) Founded in 1971 by Klaus Schwab & Holds Annual Meeting in Davos (Switzerland)
25th April 2025 | Hong Kong
The World Economic Forum (WEF) Board has launched an independent investigation on alleged misconduct by German, Chairman & founder Klaus Schwab (Age 87) after a whistleblower letter on financial & ethical misconduct by Klaus Schwab & his wife Hilde, using World Economic Forum (WEF) resources for personal use. WEF had earlier announced Klaus Schwab retirement on 21st April 2025, with ex-Nestle Chairman & CEO Peter Brabeck-Letmath appointed as interim Chairman. The World Economic Forum (WEF) was founded in 1971 by Klaus Schwab, and holds annual meeting in Davos (Switzerland). In 2025 January, the World Economic Forum Davos 2025 annual meeting (20th to 24th January 2025) was attended by close to 3,000 leaders from 130 countries including 350 heads of state, government & ministers. The 2025 theme is Collaboration for the Intelligent Age. Announcement (24/1/25): “At a time when the world is being shaped by geopolitical tensions, economic shifts and technological advancement, close to 3,000 policy-makers, business executives, international organization and civil society leaders, academics and innovators from around the world convened at the 55th Annual Meeting of the World Economic Forum to address shared challenges and explore sustainable solutions under the theme “Collaboration for the Intelligent Age”. Around 500 sessions and workshops took place, facilitating dialogue, debate and alignment across many perspectives. Over the course of the week, the Forum and its partners also launched or advanced high-impact initiatives, communities and insights, serving as ongoing platforms for multi-year collaboration across geographies and industries.” The World Economic Forum, committed to improving the state of the world, is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business and other leaders of society to shape global, regional and industry agendas.
“ World Economic Forum (WEF) Board Launches Independent Investigation on Alleged Misconduct by German, Chairman & Founder Klaus Schwab (Age 87) after Whistleblower Letter on Financial & Ethical Misconduct by Klaus Schwab & His Wife Hilde, Used World Economic Forum (WEF) Resources for Personal Use, WEF Announced Klaus Schwab Retirement on 21st April 2025 with ex-Nestle Chairman & CEO Peter Brabeck-Letmath Appointed as Interim Chairman, World Economic Forum (WEF) Founded in 1971 by Klaus Schwab & Holds Annual Meeting in Davos (Switzerland)“
The World Economic Forum
The World Economic Forum is the International Organization for Public-Private Cooperation. Established in 1971 as a not-for-profit foundation and headquartered in Geneva, Switzerland, it is independent, impartial and not tied to any special interests. In the early 1970s, the Cold War between United States and Russia had split the world while the Vietnam war split America. With a growing oil crisis in 1970s, a German economics professor and engineer founded the World Economic Forum. The World Economic Forum was founded by Professor Klaus Schwab, an engineer and economist in 1971. He created the “stakeholder theory” which means that company should serve all its stakeholders including employees, suppliers, and the community it is part, and not just only its shareholders. The vision for this socially responsible “stakeholder capitalism” became the guiding principle of the World Economic Forum. He chose Davos as the home for the annual meeting for the escape from the everyday that the mountains represent in Swiss and German culture. In 2020, the World Economic Forum in Davos, Switzerland held its 50th annual meeting.
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World Economic Forum Davos 2025 Annual Meeting Attended by Close to 3,000 Leaders from 130 Countries Including 350 Heads of State, Government & Ministers, 2025 Theme is Collaboration for the Intelligent Age
30th January 2025 – The World Economic Forum Davos 2025 annual meeting (20th to 24th January 2025) was attended by close to 3,000 leaders from 130 countries including 350 heads of state, government & ministers. The 2025 theme is Collaboration for the Intelligent Age. Announcement (24/1/25): “At a time when the world is being shaped by geopolitical tensions, economic shifts and technological advancement, close to 3,000 policy-makers, business executives, international organization and civil society leaders, academics and innovators from around the world convened at the 55th Annual Meeting of the World Economic Forum to address shared challenges and explore sustainable solutions under the theme “Collaboration for the Intelligent Age”. Around 500 sessions and workshops took place, facilitating dialogue, debate and alignment across many perspectives. Over the course of the week, the Forum and its partners also launched or advanced high-impact initiatives, communities and insights, serving as ongoing platforms for multi-year collaboration across geographies and industries.” The World Economic Forum, committed to improving the state of the world, is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business and other leaders of society to shape global, regional and industry agendas.
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