Klaus Schwab's sudden departure was on bad terms, coinciding with shocking misconduct allegations



Klaus Schwab announced on April 1 that he was stepping down as chairman of the World Economic Forum.

While the technocratic globalist organization indicated that its founder would complete his departure by January 2027, Schwab revealed Monday that he was stepping down immediately — and did so without providing a reason.

The Wall Street Journal revealed on Tuesday why Schwab left his post 20 months early.

Despite his protest, Schwab's organization initiated an independent investigation Sunday into allegations that he engaged in financial and ethical misconduct.

The WEF's board of trustees received an anonymous whistleblower letter last week detailing alleged "systemic governance failures and abuses of power that have taken place over many years under the unchecked authority of Klaus Schwab."

According to the letter, which was attributed to unnamed current and former WEF employees, Schwab used forum funds to pay for private, in-room massages at hotels; asked junior employees to take thousands of dollars from ATMs out on his behalf; and allowed sexual harassment and other abuses to go unchecked in the workplace.

If the third of these complaints sounds familiar, that's because it has been lodged against the forum multiple times before.

The Journal indicated in a damning June 2024 report that "under Schwab's decades-long oversight, the forum has allowed to fester an atmosphere hostile to women and black people in its own workplace."

The report — deemed "inaccurate" by the forum but based on internal complaints, email exchanges, and interviews with current and past WEF employees — contained allegations that: pregnant workers and returning mothers were mistreated; senior managers sexually harassed female underlings; black employees faced racist commentary and were passed over for promotions; and Schwab "made suggestive comments to [former staffers] that made them uncomfortable."

'He never had a chance to give his side of the story.'

One employee even filed a lawsuit in New York last year claiming the WEF was "hostile to women and black employees," and the WEF settled on undisclosed terms.

The letter sent to the board of trustees last week reportedly also had much to say about the globalist's wife, Hilde Schwab.

Hilde Schwab, a former WEF employee, scheduled "token" WEF-funded meetings abroad so that she could go on luxurious forum-funded trips, said the letter. She also allegedly bogarted a forum-owned 1958 modernist luxury property next to the WEF's Geneva headquarters, which the organization spent $30 million to buy and $20 million to renovate.

A spokesman for the couple claimed that the Schwabs live nearby and have used the modernist mansion only for forum events. As for the other allegations, the spokesman told the Journal that the couple denies them all and intends to sue the authors and "anybody who spreads these mistruths."

The board indicated that its audit and risk committee's Sunday decision to launch a probe into the allegations was unanimous and "made after consultation with external legal counsel."

Schwab tried to impress upon board members that the allegations were bogus, and unsuccessfully sought an opportunity to address the board during its emergency meeting.

"He never had a chance to give his side of the story to the board or the audit committee," said the globalist's spokesman.

When he resigned on Monday, Schwab reportedly forfeited his pension, which was worth over $6 million.

The WEF told the Journal that it takes the new "allegations seriously, but they remain unproven, and will await the outcome of the investigation to comment further."

This will be the second investigation launched into the WEF in recent months.

The organization previously tasked the American firm Covington and Burling and the Swiss firm Homburger with looking into claims of workplace discrimination and harassment.

The external lawyers concluded in a summary of their assessment that they "did not find the forum had committed any legal violations" and "did not substantiate" the misconduct allegations against Schwab.

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Klaus Schwab abruptly quits as WEF chair weeks after signaling a years-long wind down



Klaus Schwab indicated in an April 1 letter to the World Economic Forum's board of trustees and staff that he was stepping down as chairman of the technocratic globalist organization. The 87-year-old economist did not, however, appear to be in a rush.

The WEF told the Financial Times earlier this month that Schwab — who pushed vigorously in recent years for a "great reset" of capitalism — would complete his departure by January 2027. His exit has, however, come early.

Schwab announced Monday that he was stepping down immediately.

"Following my recent announcement, and 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 technocrat said in a statement to the WEF's board.

The board unanimously appointed WEF Vice Chairman Peter Brabeck-Letmathe as the interim chairman and established a search committee for the selection of a future chair.

Brabeck-Letmathe is the Austrian business executive who led the Nestlé Group as CEO from 1997 to 2008 and Formula One until 2016. A notable shareholder in the vaccine manufacturer Moderna at least as of 2023, Brabeck-Letmathe has served as a member of the WEF's foundation board as well as on its board of trustees.

"At a time when the world is undergoing rapid transformation, the need for inclusive dialogue to navigate complexity and shape the future has never been more critical," the WEF stated. "The Board of Trustees of the World Economic Forum underlines the importance of remaining steadfast in its mission and values as a facilitator of progress. Building on its trusted role, the Forum will continue to bring together leaders from all sectors and regions to exchange insights and foster collaboration."

'The world must act jointly and swiftly to revamp all aspects of our societies and economies.'

Blaze News previously noted that Schwab's exit, apparently announced on the 55th anniversary of the day he began working on the borrowed concept of a "global village," followed in the wake of a probe into allegations of discrimination at the WEF.

The Wall Street Journal published a damning report alleging — on the basis of internal complaints, email exchanges, and interviews with current and past WEF employees — that "under Schwab's decades-long oversight, the forum has allowed to fester an atmosphere hostile to women and black people in its own workplace."

The report contained allegations that: multiple female employees were "pushed out or otherwise saw their careers suffer" when pregnant or coming back from maternity leave; some women were sexually harassed by senior WEF managers; Schwab "made suggestive comments to [former staffers] that made them uncomfortable"; and some black employees were passed over for promotions and subjected to objectionable racial comments.

The WEF suggested the Journal's report was "inaccurate," stating, "We are an organization that upholds the highest standards of governance, while working to address the most pressing challenges of our time with our high-performance teams, our diverse and global outlook, and an environment that values innovation, inclusion, and well-being."

After the Wall Street Journal's report made waves, the WEF hired a pair of law firms to investigate the claims of workplace discrimination and harassment.

The law firm Covington and Burling — whose members had their security clearances suspended last month by President Donald Trump — conveniently concluded with the Swiss firm Homburger that it "did not find the forum had committed any legal violations" and "did not substantiate" the misconduct allegations against Schwab.

Time will tell if Schwab's replacement will secure the future he long conspired to bring about.

In a June 2020 WEF blog post, Schwab noted that "the world must act jointly and swiftly to revamp all aspects of our societies and economies, from education to social contracts and working conditions. Every country, from the United States to China, must participate, and every industry, from oil and gas to tech, must be transformed. In short, we need a 'Great Reset' of capitalism."

Observing that populations proved willing "to make sacrifices" during the pandemic, Schwab indicated "the will to build a better society does exist."

"We must use it to secure the Great Reset that we so badly need," continued Schwab. "That will require stronger and more effective governments."

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Klaus Schwab stepping down as World Economic Forum chair after investigation, collapse of globalist dream



Klaus Schwab's days as chairman are numbered at the World Economic Forum, the technocratic globalist organization he founded in 1971 that hosts an annual conference of supposed elites in Davos, Switzerland.

Schwab told the WEF's board of trustees and staff in a letter on Tuesday seen by the Financial Times that he was beginning a year-long process of stepping down, having already stepped down as the organization's executive chairman last May.

The shake-up in Davos comes between the American-led unrealization of Schwab's proposed "great reset" of capitalism and in the wake of a probe into allegations of discrimination at the WEF.

Toxic workplace

Days after his previous title-drop, the Wall Street Journal published a damning report claiming — on the basis of internal complaints, email exchanges, and interviews with current and past WEF employees — that "under Schwab's decades-long oversight, the forum has allowed to fester an atmosphere hostile to women and black people in its own workplace."

The report noted that at least six female employees were allegedly "pushed out or otherwise saw their careers suffer" when pregnant or coming back from maternity leave. Other women claimed that senior managers had sexually harassed them.

'That was the most disappointing thing.'

"It was distressing to witness colleagues visibly withdraw from themselves with the onslaught of harassment at the hands of high-level staff, going from social and cheerful to self-isolating, avoiding eye contact, sharing nightmares for years after," said Farid Ben Amor, a former media executive who worked at the WEF before resigning in 2019.

Former staffers who worked closely with Schwab told the Journal that the problems went all the way to the top, alleging that the founder "made suggestive comments to them that made them uncomfortable."

The Journal also indicated that black employees complained about managers using racial slurs as well as about allegedly being passed over for promotions. When one employee filed a lawsuit in New York last year claiming the WEF was "hostile to women and black employees," the WEF settled the lawsuit on undisclosed terms.

Cheryl Martin, head of the Center for Global Industries at the WEF, said, "That was the most disappointing thing, to see the distance between what the Forum aspires to and what happens behind the scenes."

The WEF, which routinely lectures the world about racism, the supposed "gender gap," sexism, climate change, and other perceived moral failings, characterized the Journal's report as "inaccurate," stating, "We are an organization that upholds the highest standards of governance, while working to address the most pressing challenges of our time with our high-performance teams, our diverse and global outlook, and an environment that values innovation, inclusion, and well-being."

Tom Clare, legal counsel for the WEF, suggested that the report painting the WEF as a degenerate organization led by hypocrites was both defamatory and illustrative of the Journal's "steady decline."

Toothless investigation

In the wake of the Journal's indications that those keen to control the world were unable to control themselves, the WEF had the law firm Covington and Burling — whose members recently had their security clearances suspended by President Donald Trump — investigate the claims of workplace discrimination and harassment, reported the Financial Times.

The American firm, which conducted its review in conjunction with the Swiss firm Homburger, indicated in a summary of its assessment that it "did not find the forum had committed any legal violations" and "did not substantiate" the misconduct allegations against Schwab.

'Now after the turmoil of the last months, is to recover our sense of mission.'

While the external investigators were unable or unwilling to find proof of guilt, Børge Brende, president and CEO of the WEF, indicated that there was nevertheless an internal desire to make some minor changes.

Brende reportedly noted in an email that the board committee overseeing the law firms' investigation identified "leadership and management issues ... that do not meet our established standards." In addition to affirming the organization's alleged "commitment to a workplace where all employees feel valued and respected," the leadership promised additional training for managers.

Great reset

Schwab is apparently convinced that the WEF has yet to recover its "sense of mission," saying as much in his April 1 letter to trustee board members, including Salesforce CEO Marc Benioff, BlackRock CEO Larry Fink, International Monetary Fund managing director Kristalina Georgieva, failed U.S. presidential candidate Al Gore, and Tharman Shanmugaratnam, president of Singapore.

"I am deeply convinced that in today's special context the forum is more important and relevant than ever before," wrote Schwab. "It is also financially very well equipped thanks to successful financial management since its beginning. What is essential now after the turmoil of the last months, is to recover our sense of mission."

The WEF told the Financial Times that Schwab's departure should be completed by January 2027.

Schwab reportedly suggested it was personally significant that he made his announcement on April 1, as it marked the 55th anniversary of the day he began working on the concept of a "global village" — a term coined several years earlier by Canadian intellectual Marshall McLuhan.

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