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

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

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

(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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