The World Economic Forum announced on Tuesday that it has launched an investigation into its founder, Klaus Schwab, following a whistleblower letter alleging misconduct by the former chairman. The announcement came a day after the 87-year-old Schwab said he was resigning as chairman,

Klaus Schwab, founder of the World Economic Forum (WEF) in Davos, is stepping down as chairman of the forum’s Board of Trustees according to a statement issued on Monday. "Following my recent announcement and at the start of my 88th year,

The World Economic Forum says its founder Klaus Schwab is retiring as chairman. The announcement on Monday comes more than a half-century after Schwab, 87, created the Geneva-based think tank that is best known for hosting an annual meeting of political,