The World Economic Forum (WEF) announced a unanimous decision by its board to investigate allegations of financial and ethical misconduct against founder Klaus Schwab and his wife. These claims were brought to light through a whistleblower letter, suggesting the Schwabs misused Forum resources for personal affairs. The board, which includes notable figures such as Al Gore and Christine Lagarde, stressed the allegations remain unproven as they await the inquiry results. This announcement follows Schwab's sudden retirement as chairman, replaced by Peter Brabeck-Letmathe as interim chairman, further highlighting tensions within the organization.
The World Economic Forum's board supports an independent inquiry into founder Klaus Schwab's alleged misconduct amid claims of financial and ethical violations.
The Forum states they take allegations seriously but emphasize they are unproven and will wait for the investigation's outcome before commenting further.
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