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BREAKING: Klaus Schwab Stepping Down at WEF


So, apparently, Klaus Schwab, the mastermind behind the World Economic Forum, is stepping down.

At 86, Schwab announced on Tuesday (on the WEF website) that he’s shifting to a “non-executive” position by January 2025.

I wonder why the sudden change?

This marks the end of an era for the annual Davos gatherings. If you were hoping to get his autograph at future Davos meetings, you’re out of luck.

And I’m willing to bet he won’t be make any more public speeches.

Bloomberg reports:

Klaus Schwab, the founder and executive chairman of the World Economic Forum, is stepping down from active leadership of the body that convenes the annual meetings of global executives and politicians in Davos, Switzerland.

Schwab, 86, announced his decision on Tuesday and is transitioning to a non-executive role by January 2025, according to a statement on the WEF website.

“The organization has also been undergoing a planned governance evolution from a founder-managed organization to one where a president and managing board assume full executive responsibility,” the WEF said.

The body didn’t specify who would take those roles. Semafor reported the decision earlier.

Schwab started what became the World Economic Forum in 1971 — initially called the European Management Forum — as a symposium on corporate management.

In the following decades the event ballooned to become an annual gathering of some 2,500 corporate executives, financiers, and politicians and other public figures from more than 100 countries addressing matters such as inequality, migration, digital innovation and globalization.

Schwab chose the Alpine location of Davos in a bid to make guests feel relaxed and speak freely, according to the Geneva-based nonprofit’s website. With a slogan of “committed to improving the state of the world,” the forum attracts global attention and criticism, as well as a helping of conspiracy theories.

Some people think this means that the puppet masters have found someone new, but I doubt that.

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There’s been raw rumour that Schwab has died.

But don’t worry, the media made sure to squash that rumor a month ago.

The media is great at debunking things.

It’s probably just a coincidence that he’s ‘stepping down’ now.

Here’s some stats:

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I have a feeling that he stepped down.

Like a a really looooong step down. Straight down.



 

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