Overview

• The independent Homburger investigation accuses Schwab of running the Forum as his “fiefdom,” with a pattern of bullying and discriminatory practices toward female staff over his 55-year tenure
• Investigators flagged more than $1.1 million in travel and gift expenses charged to the WEF by Schwab and his wife, including first-class flights and 14 hotel massages
• The report highlights inappropriate conduct such as a late-night 2020 email to a senior female executive asking, “Do you feel that I am thinking of you?”
• Schwab has denied all allegations, pledged to reimburse misallocated funds and filed a criminal complaint against his whistleblower accusers in Geneva
• Interim chair Peter Brabeck-Letmathe is steering the organization as the probe continues toward its August deadline and potential referral to Swiss prosecutors