An internal investigation at the World Economic Forum (WEF) has found that its founder, Klaus Schwab, engaged in unauthorized spending, workplace misconduct, and inappropriate behavior toward staff, including female employees. The probe also alleges Schwab manipulated WEF research data to serve political interests, such as making Brexit appear less successful. Schwab and his wife reportedly benefited from over $1 million in questionable travel expenses. The scandal has sparked a crisis of credibility for the WEF, raising concerns about its governance and the legitimacy of its ESG framework. Schwab has denied all allegations, intensifying a public dispute with the WEF board.
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