Davos founder Schwab cleared of misconduct by WEF probe

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The World Economic Forum (WEF) board concluded there is no evidence of wrongdoing by Klaus Schwab after an independent probe into allegations that he and his wife misused Forum resources. While minor irregularities were found, the board said they reflected commitment rather than misconduct and strengthened governance measures were implemented. Schwab, 87, had already announced plans to step down. The WEF also replaced interim chairman Peter Brabeck-Letmathe with Larry Finck and Andre Hoffmann. The investigation dismissed claims that Schwab misused funds or asked employees to withdraw cash, France 24 has reported. Schwab, founder of the WEF, is known for turning the annual Davos summit into a major international business and political forum. read more: 👍 Like this video to spread awareness about the latest developments at the World Economic Forum. 💬 Comment below—what do you think Klaus Schwab’s legacy will be after stepping down from the WEF? 🔗 Share this video to inform others about the leadership changes shaping global business and politics. 💰 Want to support the channel? You can donate directly by hitting the YouTube Thanks button—your support helps us continue covering major international institutions. 👉 Don’t forget to subscribe for more updates. Thanks for watching and supporting the channel. Links for B.C. Visit My Website Follow Me On Facebook / b.c.begley Subscribe To My Patreon / bcbegley Watch Me On YouTube / @b.c.begley6007 Follow Me On Twitter / bc_news1 Watch Me On Rumble Follow Me On Gab Follow Me On Truth Social Follow Me On BlueSky Watch Me On TikTok / bcbegley #KlausSchwab #WEF #Davos #shorts