World Economic Forum launches inquiry into workplace culture - Breaking The News

World Economic Forum launches inquiry into workplace culture

19 July

1 min read

EPA-EFE/GIAN EHRENZELLER

The World Economic Forum (WEF) has initiated an independent investigation into its workplace culture following allegations of harassment and discrimination, The Wall Street Journal reported on Friday.

This decision comes weeks after a June 29 Wall Street Journal report highlighted claims of a hostile environment, particularly towards women and Black employees. The WEF board has formed a special committee led by AXA CEO Thomas Buberl and engaged law firm Covington & Burling for the review.

The Journal's investigation, based on interviews with over 80 employees, alleged instances of sexual harassment and racial discrimination. In response, WEF stated it has zero tolerance for such behavior and has handled complaints appropriately.

wef

Klaus Schwab allegedly in process of leaving WEF

3 April

World Economic Forum (WEF) Chairman and founder Klaus Schwab (pictured) informed the organization's board of trustees that he has officially begun the process of leaving his position, the Financial Times (FT) reported on Thursday, citing sources familiar with the matter. No successor has been named yet."I am deeply convinced that in today's special context the forum is more important and relevant than ever before," 87-year-old Schwab allegedly wrote in the...

WEF allegedly reshuffles top leadership

24 March

The World Economic Forum is amid a major leadership shake-up following a board-led investigation into workplace culture, The Wall Street Journal reported on Monday, citing people familiar with the matter.According to the report, top executives, including Managing Directors Jeremy Jurgens and Saadia Zahidi, are discussing changing roles or exiting the organization. At the same time, Olivier and Nicole Schwab have stepped away from their positions.The...

Lagarde stresses cooperation amid trade challenges with US

24 January

European Central Bank President Christine Lagarde called for cooperation amid global trade tensions during a panel discussion Friday.Addressing tariffs, Lagard emphasized the importance of negotiation and mutual reliance in international relations. "There are no black-and-white answers," she said.Lagarde urged leaders to focus on balanced trade relationships and effective services and capital exchange frameworks.

IMF notes positive global growth in face of high inflation

24 January

International Monetary Fund (IMF) Managing Director Kristalina Georgieva (pictured) highlighted on Friday that, despite the challenges posed by growing inflation and elevated interest rates, the global economy has managed to sustain positive growth.Speaking at the World Economic Forum in Davos, Georgieva underlined that for the first time in history, high inflation and restrictive monetary policies have not triggered a recession in the world, stressing...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.