Klaus Schwab, Head of the World Economic Forum, Steps Down
In a surprising turn of events, Klaus Schwab, the founder and CEO of the World Economic Forum (WEF), has announced his step back from his role as Chair of the Davos Forum and other positions, but will continue as the head of the Board of Trustees. This announcement, made in a cryptic fashion, marks a departure from the usual pompous style associated with WEF-type organizations.
The WEF, based in Switzerland, is undergoing a transformation. From being a convening platform, it is evolving into the leading global institution for public-private cooperation, with the new slogan "Public-Private Cooperation" being promoted. This shift towards stakeholder capitalism is a significant development in the WEF's evolution.
The WEF, with its remarkable revenues estimated at $500 million for the fiscal year ending March 2023 and cash reserves totaling 200 million Swiss francs, is one of several Swiss-based institutions of influence, including the World Health Organization (WHO), the United Nations (UN), and the Club of Rome.
The successors to Klaus Schwab as CEOs of the WEF are Larry Fink and André Hoffmann, who have taken over the leadership jointly after Schwab's departure. Larry Fink is the CEO of BlackRock, while André Hoffmann is Vice Chairman of Roche's board. It is also worth noting that members of Schwab's family are involved in WEF's activities, any one of them could potentially take over.
The WEF's Vax agenda was a topic of discussion during the last Davos event in January 2024, with Schwab, Gates, and Tedros boasting about the potential emergence of a new virus, Virus "X". Pfizer's CEO, Albert Bourla, also announced during a side-session of Davos 2024 that they are already working on a vaccine for Virus "X".
There are questions about the future of the WEF and whether there should be a future for the organization, given the ongoing conflicts in Ukraine and Gaza/Palestine, with many world leaders implicated in bloodshed. Michael Nevradakis, Ph.D., has provided a good analysis of the WEF and its potential future developments.
It is yet to be officially announced who will take over Klaus Schwab's role at the WEF. For now, WEF's President, Børge Brende, is acting in his place. Despite stepping back, Schwab is likely to continue defending the WEF's dystopian agenda and promoting hegemonic nonsense such as "Net Zero".
Schwab is known for infiltrating governments with his Young Global Leaders (YGL) program, including figures like Gates, Merkel, Trudeau, Macron, Rutte, and Ardern. The YGL program, a key part of the WEF's influence, continues to operate under the new leadership.
The WEF was created in 1971 as the European Management Forum and converted to the World Economic Forum in 1987. Its evolution over the years, from a regional forum to a global institution, has been marked by significant changes and controversies. As it moves forward under new leadership, the WEF continues to be a significant player in global politics and economics.
For more analysis and insights on the WEF and its potential future developments, you can refer to the original article at https://www.globalresearch.ca/wef-klaus-schwab-steps-back/5857953.
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