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WEF Probe Accuses Klaus Schwab of Harassment, $1.1M Expense Misuse and Brexit Report Manipulation

The board now awaits Homburger’s final findings due in late August to guide potential governance reforms followed by legal referrals.

World Economic Forum founder and chairman Klaus Schwab addresses to assembly during the World Economic Forum (WEF) annual meeting in Davos on January 21, 2025. The World Economic Forum confirmed on April 23, 2025 that it has launched an investigation into allegations made against its founder Klaus Schwab that reportedly prompted his resignation this week. (Photo by Fabrice COFFRINI / AFP) (Photo by FABRICE COFFRINI/AFP via Getty Images)
A probe on Davos founder Klaus Schwab found that he engaged in inappropriate workplace behavior and spending.
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Overview

  • Preliminary findings describe a decade-long pattern of workplace bullying, intimidation and inappropriate remarks toward female executives under Schwab’s leadership.
  • Investigators flagged over $1.1 million in questionable travel and expense claims by Schwab and his wife, including first-class flights and hotel massages.
  • Leaked documents claim Schwab directed staff to alter the Global Competitiveness Report to portray post-Brexit Britain as weaker and boost India’s ranking.
  • Schwab has denied all allegations, filed a criminal complaint against his accusers in Geneva and pledged to reimburse any misallocated funds.
  • Swiss law firm Homburger is expected to deliver its final report by the end of August, after which the WEF board will assess governance changes and possible referrals to regulators.