Latest news with #FinancialMisconduct
Bloomberg
15-05-2025
- Business
- Bloomberg
World Economic Forum Scrambles to Find a New Leader
Klaus Schwab's abrupt departure from the World Economic Forum is said to have complicated carefully laid plans to persuade Christine Lagarde to take the helm in a seamless transition. Schwab, 87, founded and led the storied organization for more than half a century. He had initially intended to stay on until early 2027, the same year Lagarde's term as European Central Bank president comes to an end. But he left last month amid accusations of financial misconduct and a clash with the Forum's directors.
Bloomberg
15-05-2025
- Business
- Bloomberg
World Economic Forum Chases Lagarde as Its Next Leader After Founder's Abrupt Exit
By , Jan-Henrik Foerster, and Bastian Benrath-Wright Save Klaus Schwab's abrupt departure from the World Economic Forum, the influential organization he founded and led for more than half a century, has complicated carefully laid plans to persuade Christine Lagarde to assume the helm in a seamless transition, according to people familiar with the discussions. Schwab, 87, had initially intended to stay on until early 2027, the same year Lagarde's term as European Central Bank president comes to an end, but he left last month amid accusations of financial misconduct and a clash with the Forum's directors. He denies any wrongdoing.
