The Unraveling of the King of Davos - WSJ


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Klaus Schwab, founder of the World Economic Forum (WEF), is facing an internal investigation following new whistleblower allegations, potentially ending his decades-long leadership. An earlier Wall Street Journal investigation in 2024 exposed a toxic work environment for women and Black employees, originally suggesting a more planned exit. However, the newly surfaced allegations led the audit committee to recommend a further probe into Schwab and his wife Hilde's conduct.

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For decades, Klaus Schwab ruled over Davos like royalty. That reign ended when he hit “send” on an email to World Economic Forum trustees on a recent Friday afternoon.Schwab was seemingly headed for a graceful exit from the organization he founded more than a half-century ago, after a 2024 investigation by The Wall Street Journal exposed evidence of a toxic culture at the Forum for women and Black employees. But by Friday, April 18, the trustees’ audit committee recommended opening a probe into a new wave of whistleblower allegations against Schwab and his wife, Hilde. 

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