Posted on 08/16/2025 12:03:12 PM PDT by DFG
The World Economic Forum closed an investigation on its founder Klaus Schwab on Friday, clearing him of any wrongdoing, and appointed BlackRock (BLK.N), opens new tab CEO Larry Fink and Roche Holding's (ROG.S), opens new tab vice-chair Andre Hoffmann as interim co-chairs of its board.
The Geneva-based organisation had launched an investigation in April into 87-year-old Schwab following a whistleblower letter alleging misconduct.
The probe was announced a day after Schwab resigned as chairman. The forum at that time did not say why he was quitting.
For decades, Schwab has been the face of the WEF's annual gathering of business and political leaders in the Swiss mountain resort of Davos, which has become a symbol of globalisation.
The WEF said on Friday that its board had completed an investigation into allegations raised by anonymous whistleblowers against Schwab and found there was no evidence of material wrongdoing by him.
WEF also did not find any misconduct by Schwab's wife and former assistant, Hilde Schwab.
"Minor irregularities, stemming from blurred lines between personal contributions and forum operations, reflect deep commitment rather than intent of misconduct," WEF said.
-- snip --
In a statement posted on the WEF website, newly appointed co-chairs Fink and Hoffman said they were honored to take on the leadership role on an interim basis and looked forward to reinventing and strengthening the organisation.
WEF's Davos gathering has in recent years drawn criticism from opponents on both left and right as an elitist talking shop detached from lives of ordinary people.
(Excerpt) Read more at reuters.com ...
Ah, man. And my shocked face is in the shop.
We investigated ourselves and we’re not guilty.
Fink of Black Rock makes it so legit now, no?
Of course they did.
“Minor irregularities, stemming from blurred lines between personal contributions and forum operations, reflect deep commitment rather than intent of misconduct,” WEF said.
...clearing him of any wrongdoing...”
Well! Color me shocked! (sarc/off)
Klaus Schwab had become expendable, because of all the social media memes characterizing him as Dr. Evil, Ernst Bloefeld, or Goldfinger. He and the organization are now a giant public joke.
The entire “investigation” was an artifice to get him off the public stage.
W have investigated ourselves and found that we’ve done nothing wrong.
Yeah, the old *We investigated ourselves and found no evidence of wrongdoing*.
Impossible for me to look at Schwab and not think of a villain from a James Bond movie
Here’s my surprised one...😴😴😴😴
Just like no charges would be brought against Hillary, and Biden is just a nice old man.
It reminds me of when the Climategate crew cleared themselves. Also, Chris Christie’s “Blue-Ribbon panel” that “cleared” him in the traffic scandal.
The only surprise is that no one is even pretending to be surprised.
Wasn’t Klaus “at death’s door” just a few months ago?
Whatever happened to all that?
Even a Cat is said to be limited to nine lives.
was it his bathing suit?
Just like the IOC investigating itself over Olympic venue bribes or FIFA’s World Cup corruption. Never anything to see with those, either.
Well ok then, l guess we were wrong about this evil prick
Larry Fink, a WEF super-villain? Oh, no, say it ain’t so!
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