The World Economic Forum said an investigation into founder Klaus Schwab found minor expense irregularities but no material ...

An investigation conducted by the World Economic Forum's board on Friday cleared the body's founder Klaus Schwab and his wife ...

Schwab, who started WEF in 1971 and transformed Davos into a hub of elite international networking and diplomacy, stepped down from his role as chair of the board in April amid pressure from the ...

Klaus Schwab, founder of the World Economic Forum which gathers the world's business and political elite in the Swiss mountain village of Davos every year, has resigned as chair of its board of ...

Klaus Schwab, founder of the World Economic Forum which gathers the world's business and political elite in the Swiss mountain village of Davos every year, has resigned as chair of its board of ...

Schwab informed the WEF’s board that “as I enter my 88th year, I have decided to step down from the position of Chair and as a member of the Board of Trustees, with immediate effect”.

The Davos founder rejected preliminary findings of misconduct, including improper travel expenses and gifts.

The 87-year-old Schwab, who for decades has greeted presidents and tycoons at the annual forum in the Swiss resort of Davos, said there was "not a shadow of proof" for the accusations.

World Economic Forum (WEF) founder Klaus Schwab speaks at the Annual Meeting of World Economic Forum in Davos, Switzerland, Tuesday, Jan. 21, 2025. Credit: AP/Markus Schreiber ...