World Economic Forum board backs launch of probe into founder Klaus Schwab

Klaus Schwab of the World Economic Forum (Video screenshot)
Klaus Schwab of the World Economic Forum

The World Economic Forum, which runs an annual gathering of elites in Davos, Switzerland, says its board has given its unanimous support for an independent investigation into allegations of misconduct by founder Klaus Schwab.

The statement from the Geneva-based think tank and event organizer late Tuesday came after a report published by the Wall Street Journal cited a whistleblower letter alleging financial and ethical misconduct by Schwab, 87, and his wife, Hilde.

The newspaper reported that the allegations were sent in an anonymous letter to the board last week and included claims that the Schwab family mixed their personal affairs with Forum resources.

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