Schwab accuses the WEF’s board of directors of misconduct

In a detailed statement, the founder of the World Economic Forum, Klaus Schwab, rejected all allegations of misconduct and, in turn, made serious accusations against the Board of Trustees of the World Economic Forum, the chair of which he had perceived until last Sunday. According to this, an “malignant” email received the board of trustees on April 16, in which Schwab sees the sequel at least ten months of “coordinated efforts to discredit me and my family”. This campaign and a “sensational reporting in the media” had caused considerable damage to him and his family, although all the allegations raised in the past were depressed. After its receipt, the chairman of the examination and risk committee initiated another investigation, hired an external law firm and informed the entire board of trustees about “possible financial and further misconduct” without listening to Schwab beforehand about the anonymously presented allegations. The chairman of the examination and risk committee is Thomas Buberl, the CEO of the insurer Axa. “This is a clear violation of the legal requirement that a accused must be heard before any measures are taken,” complains Schwab. Instead, the Vice President of the Board of Trustees, Peter Brabeck-Letmathe, convened a council meeting for the evening of April 20, “since it requires an immediate reaction from the board of trustees”. Before the committee met, a member of the council suggested that he resigned to avert damage from the World Economic Forum. Then Schwab resigned. After his words, the anonymous author had threatened the mail that he would publish her on April 23 if Schwab did not go beforehand. Schwab said he proposed to the board of trustees that he was legally against the allegations; However, this was rejected, and wrote that he was prohibited from quoting from the mail. Nevertheless, he deals in detail with numerous allegations that concern his payment by the forum and the use of the organization as well as his handling of the allegation of sexual misconduct by employees. Schwab, who is said to have been banned from a house according to the “Neue Zürcher Zeitung”, made a complaint against unknown for defamation.

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