Klaus Schwab Resigns from World Economic Forum
Founder of Global Institution to Step Down After 26 Years
No Relation to Charles Schwab of Financial Firm
Klaus Schwab, the founder and executive chairman of the World Economic Forum (WEF), has announced his resignation from the organization. The 86-year-old economist and engineer will step down from his role in January 2023, marking the end of an era for the influential global institution.
Schwab, who is not related to Charles Schwab of the Charles Schwab Corporation, established the WEF in 1971 as a platform for dialogue and collaboration among business, political, and civil society leaders. Over the years, the WEF has become a prominent voice in shaping global agendas and addressing pressing issues facing the world.
Schwab's resignation comes amid a period of significant change and uncertainty for the WEF. The organization has faced criticism in recent years for its perceived elitism and remoteness from the concerns of ordinary people. Schwab's departure will likely spark a debate about the future direction of the WEF and its relevance in the years to come.
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