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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.

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.