See every side of every news story
Published loading...Updated

World Economic Forum Probe of Klaus Schwab Finds Unauthorized Spending, Inappropriate Behavior

GENEVA, SWITZERLAND, JUL 23 – An internal probe found Klaus Schwab misused over $1.1 million in World Economic Forum funds and pressured staff to alter economic reports, while fostering a culture of intimidation and favoritism.

  • On July 23, 2025, Homburger found misuse of WEF funds and inappropriate conduct toward female staff.
  • Prompted by whistleblower complaints, the WEF board commissioned the probe in April, following a prior Holder-led inquiry.
  • Amid the probe, Homburger revealed report manipulation, The Wall Street Journal reported, and Schwab’s investigation found political interference in the Global Competitiveness Report.
  • Klaus Schwab said `I am in a position to refute all the accusations brought up against me`, while threatening counter-investigations into trustees and whistleblowers.
  • As the 2026 Davos invitation window opens, Homburger is expected to deliver its report to WEF trustees and regulators, coinciding with invitation deadlines.
Insights by Ground AI
Does this summary seem wrong?

20 Articles

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 67% of the sources lean Right
67% Right

Factuality 

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

the deep dive broke the news in on Wednesday, July 23, 2025.
Sources are mostly out of (0)

You have read 1 out of your 5 free daily articles.

Join millions of well-informed readers who use Ground to compare coverage, check their news blindspots, and challenge their worldview.