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.
One WEF insider told The Telegraph: “He had the chance to step back 10, seven, five years ago. But he hung on.”
On Sunday, the early findings of a second investigation into the WEF were leaked. They alleged that 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 crotch in front of a female staffer’s face, splurged $50m on a luxury villa and ran up £836,000 in expenses that were not sufficiently linked to WEF activities.
His credibility now lies in ruins and the future of Davos is openly questioned.
Trump’s upending of world trade arrangements, and Canada’s position at the back of the line, is the story of the millennium for Canadians. Yet nary a story about it on SDA. Et tu Kate?
You don’t think it’s instructive that the Europeans knuckled under to the #OrangeMan, but freakin’ #CarkMarney is still playing f- around even though he already found out?
We should blame #Donny because -we- elected corrupt morons? That guy has done more to save us poor schlubs who live in Canada than any Prime Minister in history.
here here. l just tapped out a letter addressed to the white house thanking POTUS Trump for turning the lranian nuke program into gravel as such staving off WW III, if it is to happen, by at least 20-30 years. More than enough *I* wont have to go thru it.
he inst the only one that literally and figuratively dodged a bullet.
Canada’s greatest patriot aside from Louis Riel, is Donald J. Trump. May God continue to bless Canada’s great patriarch and may he smite the retarded corrupt King Charles of Canada and his loyal slobbering minions.
Well now, as a Westerner, Louis Riel was a great patriot, but as a Canadian he was a wee bit of a traitor. Oh, not so’s you’d notice, but enough to hang him for. Surely there have greater Canadian patriots?
Terrible news! What will our bobble-headed schwab-sucker do now?
Meh…they’ll chamber in another sex starved gazillionaire whose wife closed shop years ago, fascist POS who’ll piss us all off with his vision for the great unwashed and we can go through this exercise once more. There’s never a shortage.
Speaking of the WEF…I see the globalist cheerleaders NED (National Endowment for Democracy) an organization rife with abuses and scandals received full funding thanks to the GOP.
Who led the charge? Elise Stefanik – Republican firebrand by day…WEF’s young global leader by night.
Whenever I see a conservative’s mug on the WEF website like Stefanik it raises a red flag for me…and why I keep my eye on Rempel who always seems to talk a good game.
With the wef in disarray, the question I and many others have is: who is running marxist carnage?
Maybe Carney will resign to take the dream job – head of WEF.
The WEF is like the US “deep state”: Klaus may be gone, but the WEF still has many tentacles.
This is a HOOT:
“His credibility now lies in ruins.”
Well … Keir Starmer has ditched BREXIT and ceded British sovereignty to the EU … so perhaps the WEF isn’t quite so necessary any more? WARNING! – BBC
https://www.bbc.co.uk/news/articles/c5y2r4n871xo
Excellent news!
Looks good on him, of course, so would a guillotine!!
A garotte would look good on the scumbag as well.
Hail Hydra!
I wonder who will be Carney’s new boss. Schwab is gone, but the WEF and its policies remain.