The World Economic Forum cleared Klaus Schwab of misconduct after an investigation found no evidence of material wrongdoing, leading to a reorganization of its board with Larry Fink and André Hoffmann appointed as interim chairs, amidst previous allegations and internal issues.
The founder of the World Economic Forum, Klaus Schwab, has stepped down amid allegations of sending inappropriate emails, practicing workplace harassment, and misusing funds, though he denies the misconduct. An internal probe revealed a culture of bullying and misconduct at the organization, leading to Schwab's resignation after the investigation was launched.
The World Economic Forum in Davos is abuzz with discussions on artificial intelligence, with upcoming events featuring the president of Israel, a panel on BRICS consensus, and a discussion on decarbonizing emerging markets. Argentine President Javier Milei made a passionate speech in support of business leaders, while JPMorgan Chase CEO Jamie Dimon discussed diversity efforts and global democracy. The event also saw displays of support for LGBTQ rights and efforts to secure the release of a reporter wrongfully detained in Russia.
Ukrainian President Volodymyr Zelenskyy addressed the Davos delegates, urging them to help defeat Putin and invest in Ukraine's rebuilding, while also highlighting the need for continued support in the ongoing conflict. Meanwhile, Bill Gates showcased portable life-saving medical devices at the WEF and emphasized the importance of accelerating health innovations. The WEF also featured sessions on finance, global cooperation, and the future of banking, with notable attendees including leaders from JPMorgan Chase, the IMF, and Microsoft. Additionally, attendees grumbled about shuttle services, while Wyclef Jean and Al Gore made appearances at various events.