Tag

Cronyism

All articles tagged with #cronyism

"Davos 2024: Unveiling Cronyism, Global Reforms, and Shifting World Dynamics"
businessglobal-economy2 years ago

"Davos 2024: Unveiling Cronyism, Global Reforms, and Shifting World Dynamics"

The World Economic Forum (WEF) and its founder, Klaus Schwab, have come under scrutiny for fostering cronyism and elitism, with concerns raised about the organization's future after Schwab. Critics argue that WEF has become an exclusive networking club for the mega-rich and super-powerful, perpetuating an unaccountable system that doesn't reflect the needs of all society. The organization's invite-only policy to its annual event has also drawn criticism, as well as its calls for a greener global economy juxtaposed with the use of private jets emitting high levels of carbon. Additionally, Schwab's association with the global elite and the concept of "the Great Reset" have sparked controversy amid widening wealth disparities.

BBC Chairman Resigns Amid Loan Controversy Involving Boris Johnson
politics2 years ago

BBC Chairman Resigns Amid Loan Controversy Involving Boris Johnson

BBC Chairman Richard Sharp has resigned after an independent report found he breached rules by not disclosing a potential conflict of interest in his role in securing a $1 million loan for the then-prime minister, Boris Johnson. Sharp, a former Goldman Sachs banker and donor to the governing Conservative Party, was made chairman in 2021. His exit amid a cronyism row comes at a time of heightened political scrutiny of the publicly-funded British broadcaster's impartiality.