WEF Clears Founder Schwab of Wrongdoing; Appoints Interim Co-Chairs

WEF's Davos gathering has in recent years drawn criticism from opponents on both left and right as an elitist talking shop detached from lives of ordinary people


By -- U.S.News—— Bio and Archives--August 17, 2025

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(Reuters) -The World Economic Forum closed an investigation on its founder Klaus Schwab on Friday, clearing him of any wrongdoing, and appointed BlackRock CEO Larry Fink and Roche Holding's vice-chair Andre Hoffmann as interim co-chairs of its board.

The Geneva-based organisation had launched an investigation in April into 87-year-old Schwab following a whistleblower letter alleging misconduct. ---More...

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