Klaus Schwab, Chairman of the World Economic Forum, attends the opening of the Annual Meeting of World Economic Forum in Davos, Switzerland, Jan. 16, 2024. Markus Schreiber/AP Photo
The World Economic Forum has cleared its founder, Klaus Schwab, of material wrongdoing following an internal investigation into allegations of financial and workplace misconduct.
In an announcement published on Aug. 15, the Davos, Switzerland-based organization said the probe, conducted by Swiss law firm Homburger, identified “minor irregularities” in expenses but concluded there was “no evidence of material wrongdoing” by Schwab or his wife, Hilde Schwab.
