An internal investigation at the World Economic Forum (WEF) has found that its founder, Klaus Schwab, engaged in unauthorized spending, inappropriate workplace behavior, and manipulated research data for political purposes. Schwab and his wife reportedly billed over $1 million in questionable travel expenses and sent inappropriate communications to staff. The probe also alleges that WEF data was rigged to discredit Brexit, raising concerns about the organization's credibility and impartiality. Schwab has denied all allegations, but the scandal has sparked a crisis of confidence in the WEF's leadership and its commitment to ethical governance. The controversy has significant implications for the WEF's reputation and the broader ESG investment community.
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