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International-UN-NGOs

Klaus Schwab Steps Down As World Economic Forum Executive Chairman

2024-05-21

[Zero] 'You'll own nothing in retirement and be happy'...

Wit the organization he founded 50 years ago bringing in nearly $500 million in revenue in the year ending March 2023 (and sitting on a neat pile of 200 million Swiss francs cash), Klaus Schwab will own some things as he reportedly steps back from his role running the World Economic Forum has has headed since 1971.

Semafor reports that Schwab announced his intentions to step down as executive chairman in an email to staff on Tuesday that was shared with Semafor by a person connected to the organization.

The change in his role is pending approval by the Swiss government but should be finalized ahead of the WEF’s annual meeting in 2025.

Schwab, now 86, will be transitioning to a role as non-executive chairman.

Posted by:Frank G

#7 Janet Yellen.

Posted by: Grom the reflective 2024-05-21 14:11

#6 Greta Thumberg.

Posted by: Jack Salami 2024-05-21 14:06

#5 That scumbag has allegedly been in ill health lately. Fuck that asshole.

Now, who will replace this scumbag?

Tony Blair?
Ursula von der Lyin'?
Mark Rutte (if "they" change plans and no NATO)?

Posted by: DooDahMan 2024-05-21 13:33

#4 ^ zoon enough, ze bugs vill be eatink him...

Posted by: M. Murcek 2024-05-21 13:28

#3 You can bet he won't be eating ze bugz

Posted by: Frank G 2024-05-21 13:09

#2 Bright (two doctorates — mechanical engineering and economics, plus a Master in Public Administration from Harvard’s JFK School of Gov’t), mentored by Henry Kissinger, and a professor in his own right. His Swiss father had moved to Germany to run a major Swiss manufacturing firm for the benefit of the Third Reich, then returned permanently after the war. Though all the rest of his family is determinedly Swiss, Klaus prefers German citizenship despite his professorial career being in Switzerland. Odd, that.

It sounds like the WEF grew willy-nilly out of an early conference that quickly became popular.

Posted by: trailing wife 2024-05-21 12:46

#1 I was hoping ‘steps down’ meant off a tall building

Posted by: Airandee 2024-05-21 11:20

00:00