An internal investigation at the World Economic Forum (WEF) has found its founder, Klaus Schwab, engaged in unauthorized spending, workplace misconduct, and inappropriate behavior toward female employees.
Schwab and his wife reportedly benefited from over $1 million in questionable travel expenses, and he is accused of manipulating WEF research data to serve political interests, including allegedly rigging reports to discredit Brexit. The scandal has sparked concerns about the WEF's credibility, especially regarding its ESG (Environmental, Social, and Governance) framework. Schwab has denied all allegations, claiming the accusations are false and criticizing the WEF board for breaching confidentiality.
The controversy has intensified scrutiny of elite influence and governance at one of the world's most prominent economic forums.
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