Klaus Schwab, the founder of the World Economic Forum (WEF), is stepping down as chair of its board of trustees, a process he announced in a letter to the board on April 1, 2025, with an expected completion by January 2027. This follows his earlier transition from executive chairman to a non-executive role in May 2024. Schwab’s departure comes amid internal turmoil, including allegations of workplace discrimination and harassment at the WEF, as detailed in a Wall Street Journal report from May 2024.
The report highlighted claims of a toxic workplace culture, particularly affecting women and Black employees, with accusations ranging from sexual harassment to racial slurs and discrimination against pregnant staff. An external investigation by law firms Covington & Burling and Homburger, concluded in March 2025, found no legal violations or substantiated misconduct by Schwab, though WEF leadership acknowledged “management issues” and promised reforms like additional training.
Schwab emphasized the need to “recover our sense of mission” in his announcement, reflecting on the WEF’s financial stability and its relevance in a changing global landscape. His exit marks a significant shift for the organization he led for over five decades, raising questions about the future of its globalist agenda, including the “Great Reset.”
Schwab has been a polarizing figure, particularly due to the WEF’s “Great Reset” initiative launched in June 2020. This plan aimed to reshape global economies post-COVID, focusing on sustainability and stakeholder capitalism, but it has fueled speculation and conspiracy theories about his influence over the pandemic.
Interesting Links
- Financial Times – Initial Report on Schwab’s Departure
Klaus Schwab to Step Down as WEF Chair by 2027
Note: Exact link unavailable due to paywall/general reference; search “Klaus Schwab stepping down Financial Times April 2025” for the article. This is the primary source for Schwab’s April 1 letter and the timeline. - Wall Street Journal – Workplace Culture Allegations
WSJ Investigation into WEF Discrimination Claims
Note: Refer to the May 2024 report; search “Wall Street Journal WEF discrimination May 2024” for the original exposé on the toxic workplace claims. - Blaze Media – Detailed Coverage of the “Great Reset” Context
Klaus Schwab Stepping Down After Investigation
Offers a critical perspective on Schwab’s exit and the WEF’s ideological struggles. - The Gateway Pundit – Speculation on Globalist Implications
Globalist Puppetmaster Klaus Schwab Steps Down
Explores conspiracy-adjacent views on the “Great Reset” and Schwab’s legacy.