May 15, 2025|
AI
|7 months agoKlaus Schwab to Step Down as WEF Head Amid Controversy
World Economic Forum founder Klaus Schwab announces departure amid allegations and second probe into conduct, marking end of 55-year leadership.
AI
Generated IllustrationKey Takeaways
AI
- Klaus Schwab announced his plan to step down from WEF after 55 years of leadership
- Schwab was forced out as chair at the end of April 2025 amid whistleblower allegations
- Swiss law firm Homburger is leading an internal investigation into the allegations
- Previous allegations in 2024 claimed workplace discrimination against female and Black employees
By The Numbers
87
Age of Klaus Schwab at time of stepping down
55
Years of Schwab's leadership at WEF
They Said
"It is evident that I do not have to strive any more to create a legacy."
"Basically, like many founders he thought the institution was completely inseparable from him"
1
End of an Era: Schwab's Sudden Departure
2
The Allegations and Investigation
3
Legacy Under Scrutiny
4