WEF’s Klaus Schwab steps down
After 50 years, World Economic Forum (WEF) Founder and Executive Chairman Klaus Schwab is stepping down from his role effective immediately.
"Following my recent announcement, and as I enter my 88th year, I have decided to step down from the position of Chair and as a member of the Board of Trustees, with immediate effect," Schwab said in a statement on Monday. Neither he nor the WEF explained Schwab’s sudden resignation, which he tendered at a board meeting on Sunday.
Vice Chairman Peter Brabeck-Letmathe will serve as acting chairman until Schwab’s replacement is found.
Young Global Leaders
Since Schwab launched the WEF in 1971, it has become one of the world’s most powerful globalist organizations, bringing together the global elite each year in Davos to set the political agenda. Its staggering influence over global policy stems in part from its Young Global Leaders (YGL) program, formerly known as the Global Leaders of Tomorrow, which grooms individuals under 40 to become globalist leaders who implement the WEF’s agenda. Such leaders include former Canadian Prime Minister Justin Trudeau, former New Zealand Prime Minister Jacinda Ardern, French President Emmanuel Macron, California Governor Gavin Newsom, former Transportation Secretary Pete Buttigieg, Microsoft’s Bill Gates, Amazon’s Jeff Bezos, Virgin Group’s Richard Branson, and the Clinton Foundation’s Chelsea Clinton, all of whom have supported the WEF’s Great Reset agenda in lockstep.
Details about the YGL program are sparse, though economist Ernst Wolff notes that, in the school’s earlier years, the members of each year’s class would meet up at “irregular intervals” in Davos. They would also participate in a ten-day “executive training program” at Harvard Business School. Wolff believes that class members build contacts throughout the program, which they rely on to then build their careers.
These contacts are powerful. The WEF’s Board of Trustees includes European Central Bank President Christine Lagarde, Jordan’s Queen Rania and BlackRock CEO Larry Fink, who manages $10 trillion of the world’s wealth, to name a few. Should a YGL member pursue a position of power, they do so with the backing of the world’s most powerful behind them. YGL members who toe the globalist line are protected by near-unlimited influence and wealth should they come under fire for politically unpopular decisions.
Racism and sexual harassment allegations
Under Schwab’s stewardship, the WEF became a hotbed for woke ideologies and activism. From censorship to climate hysteria to vaccine mandates, the organization has relentlessly worked to embed its agenda in the policies of governments throughout the world. Behind closed doors, however, WEF executives have faced allegations of racism and sexual harassment.
Several female employees were cautioned against being found alone with Schwab, who is reportedly prone to making discomforting comments about women’s appearances. Three women who each worked closely under Schwab said the executive chairman’s suggestive comments made them feel uncomfortable. One of those women, who worked as Schwab’s receptionist, had to assert to Schwab more than once that she did not want a sexual relationship with him.
A female staffer said she recalls Schwab planting his foot on the desk and presenting his crotch in her face. He told her he wished she were Hawaiian because he wanted to see her in a Hawaiian outfit. More than once, Schwab told her: “I need to find you a man, and if I were not married, I would put myself on the top of that list.”
Barbara Erskine, who worked for over 10 years at the Forum, said Schwab instructed a board member to tell her to lose weight. The chairman also told other employees that she “had no charm.”
Schwab likes to personally staff Forum events, such as the annual Davos summit, with attractive women. They are expected to be at the “beck and call” of VIP attendees, who are known to invite the female staffers to their hotel rooms. “There was a lot of pressure to be good-looking and wear tight dresses,” said one woman. “Never in my career have I experienced looks being such an important topic as in the Forum.”
