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 staff.
Schwab is also accused of manipulating WEF research data to discredit Brexit, raising concerns about the organization's impartiality. The probe revealed questionable travel expenses exceeding $1 million and a pattern of bullying and suggestive remarks. Schwab has denied all allegations, while the WEF board and Schwab have publicly clashed over the handling and leaks of the investigation.
The scandal has sparked debate over the credibility of the WEF and its leadership, with potential implications for its influence on global policy and ESG standards.
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