by James Crisp at The Telegraph
Klaus Schwab is accused of misusing funds and inappropriate behaviour after more than 50 years as head of the World Economic Forum
Klaus Schwab was the undisputed “King of Davos” for 55 years. But when his downfall came, it was swift.
The 87-year-old founder of the World Economic Forum (WEF), which holds the annual conference in the Swiss alpine ski resort, fought until the end.
But over two days in April, beset by allegations of misusing WEF funds, manipulating research and inappropriate behaviour with staff, he was forced out of his personal fiefdom.
“He had the chance to step back 10, seven, five years ago. But he hung on,” one WEF insider told The Telegraph.
On Sunday, the early findings of a second investigation into the WEF were leaked. They alleged Mr Schwab had misspent WEF money and manipulated research for political reasons, including rigging data to make Brexit look like a failure.
Mr Schwab also allegedly put his…
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