WEF: Klaus Schwab Is a Crook!

Beto Barata/Brazil's presidential press office via AP

Who could have guessed that Klaus Schwab was a grifter? Not me. 

I tend to think of him as more of a Bond villain, but unlike the old days when Bond villains could freely skim off the top of their evil organizations, the World Economic Forum's version of global domination requires the proper paperwork before one splurges from the corporate till. 

Advertisement

Blowfelt was not into technocracy, but today's evil organizations want the skimming to be well documented and easily defended before the IRS. Schwab apparently didn't obey the rules, so he is out as the face of the World Economic Forum. 

Think of this turn of events as the modern-day Al Capone-style takedown. Sure, Schwab has led the charge to ruin billions of people's lives for fun and profit, but his real crime was charging his massages on the corporate credit card

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. 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. 

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. 

Advertisement

It's penny-ante stuff, really, and to be honest, I doubt that this investigation is really about defending the corporate till from being raided. Schwab is 87, and in recent years, the rise of his public profile, including his Bond-villain wardrobe and creepy German accent, have seemingly made him irresistible to the glitterati, but repulsive to the masses who see the WEF as the central nervous system of globalism. 

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.

“We feel compelled to share a comprehensive account of systemic governance failures and abuses of power that have taken place over many years under the unchecked authority of Klaus Schwab,” states the letter, which said it was from current and former Forum employees.

The organizer of the annual Davos conference has been shaking up its leadership in recent weeks in response to a previous board probe into its workplace culture. In a recent memo, Børge Brende, the Forum’s CEO, said the Forum would take steps to address leadership issues identified by the prior probe and that the investigation didn’t substantiate the allegations against its founder.

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.

Advertisement

The allegations are no doubt true--but also ridiculous. Far be it from me to defend Schwab in any way, but the whole point of the globalist agenda is to create a world where the technocratic elite gets to live the high life at the expense of everybody else. Does anybody seriously believe that the Forum's board gives a whit about massages or luxury vacations? The World Economic Forum is where the wealthy and powerful come together to discuss the importance of making people eat insects to save Gaia, having flown to the meetings on private jets. 

I'm not sure what motivated the coup, but fear not! Another Bond Villain is replacing Schwab. Stay tuned for a quick profile of him later today. 

Join the conversation as a VIP Member

Trending on HotAir Videos

Advertisement
Advertisement
Advertisement
Ed Morrissey 10:00 PM | April 22, 2025
Advertisement