Real-Life Dr. Evil, Bug Cuisine Promoter Klaus Schwab, Resigns From His Cushy Perch As Head of the World Economic Forum As He's Accused of Embezzlement

The real, ugly face of SPECTRE

The wins just keep piling up.

This is an unexpected gift. Enjoy it. Be grateful for this blessing.

The World Economic Forum announced on Tuesday that it has launched an investigation into its founder, Klaus Schwab, following a whistleblower letter alleging misconduct by the former chairman.

The announcement came a day after the 87-year-old Schwab said he was resigning as chairman, effective immediately, without stating a reason.

The Wall Street Journal, which first reported the probe, said an anonymous letter sent last week to the WEF's board raised concerns about its governance and workplace culture, including allegations that the Schwab family mixed their personal affairs with the forum's resources without proper oversight.

I can't believe that the class of well-credentialed globalist mediocrities would use their unearned sinecures to feather their own nests.

A spokesman for the Schwab family denied all the allegations in the whistleblower complaint, the Wall Street Journal reported. The spokesman also told the Journal that Klaus Schwab intends to file a lawsuit against whoever is behind the anonymous letter and "anybody who spreads these mistruths."

...

The Journal previously reported that the WEF's board was working with a law firm to investigate the forum's workplace culture, after the newspaper reported allegations of harassment and discrimination at the forum.

This Reuters story seems to underplay the actual allegations. Go figure.

Here's the WSJ article it's soft-pedaling.

World Economic Forum founder Klaus Schwab is under investigation by the organization he created after a new whistleblower letter alleged financial and ethical misconduct by the longtime leader and his wife.

The anonymous letter was sent last week to the Forum's board and raised concerns about the Forum's governance and workplace culture, including allegations that the Schwab family mixed their personal affairs with the Forum's resources without proper oversight, according to the letter and people familiar with the matter.

It included allegations that Klaus Schwab asked junior employees to withdraw thousands of dollars from ATMs on his behalf and used Forum funds to pay for private, in-room massages at hotels.

Was that wrong? Because at my old job, we used to do that all the time and it was no problem.

It also alleged that his wife Hilde, a former Forum employee, scheduled "token" Forum-funded meetings in order to justify luxury holiday travel at the organization's expense.

I gotta plead ignorance on this. If anyone had told me I wasn't allowed to book fake "conferences" to justify taking luxury holidays to Hawaii...

Klaus Schwab in recent days argued against an investigation, telling board members that he denied the unsubstantiated allegations and that he would challenge them in a lawsuit, the people said.

Fuck you. Eat the bugs in prison.

The board of trustees decided to open a probe during an emergency meeting on Easter Sunday. Schwab opted to resign immediately as the chairman, instead of staying on for an extended transition period as previously planned.

The Schwabs said through a spokesman that they deny every allegation in the whistleblower complaint. To protect their reputation, Klaus Schwab intends to file a lawsuit against whoever is behind the anonymous letter and "anybody who spreads these mistruths," the spokesman said.

Whenever Schwab charged massages at a hotel to the Forum while on travel, he'd always pay the Forum back, the spokesman said.

Fani Willis just emailed me to say. "It happens. I swear. Mah daddy told me to hide money in old soupcans."

Schwab and his wife denied the allegations about luxury travel and withdrawing money.

Sure.

But you know, you don't have the full Ernst Stavro Blofeld/Irma Bunt supervillain set-up without a bevy of beautiful dominated women.

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The letter also raises concerns about how Klaus Schwab treated female employees and how his leadership over decades allegedly allowed instances of sexual harassment and other discriminatory behavior to go unchecked in the workplace, allegations that were raised in a Wall Street Journal article and previously investigated by the Forum. The Forum disputed the Journal's reporting at the time, and Schwab denied the allegations against him.

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A few weeks ago, Schwab, 87, said he'd step down as nonexecutive chairman of the Forum's board, and the Forum said the succession process would be completed by January 2027. The whistleblower letter blew up that timeline.

Behind the scenes, a high-stakes boardroom drama unfolded pitting Schwab against the global powerplayers on the Forum's board. The board includes celebrities like cellist Yo-Yo Ma and politicians like Al Gore.

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One allegation raised in the letter is the Schwab family's use of Villa Mundi, a luxury property purchased before the pandemic by the Forum, next to the organization's headquarters in Geneva.

Ah yes, the mountaintop ski mansion lair.

Villa Mundi is a sprawling Modernist house built in the 1950s overlooking Lake Geneva. It was renovated over several years and opened as a meeting and conference center in 2023.

The whistleblower letter maintains that Hilde Schwab maintains tight control over use of the building and that portions of the property are understood to be reserved for private family access; the Schwabs deny the claim. The letter says the Forum paid about $30 million to purchase the property and another roughly $20 million to renovate it.

They poured money into renovating this mansion and then used it for their private enjoyment.

Hilde Schwab says she did it all for The Earth.

In a statement, Hilde Schwab said, "The building is a role model for sustainable architecture, which is dear to my heart, and I was glad to show it to people who expressed interest."

What a way to begin a Wednesday. How are you all?

Update: Peer into the monstrous eyes of Schwab's darksoul successor.

If you dare.

posted by Ace at 12:15 PM

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