{"id":2249961,"date":"2024-05-21T22:21:02","date_gmt":"2024-05-22T02:21:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/world-economic-forum-sees-major-leadership-shake-up-as-klaus-schwab-steps-down\/"},"modified":"2024-05-21T22:24:07","modified_gmt":"2024-05-22T02:24:07","slug":"world-economic-forum-sees-major-leadership-shake-up-as-klaus-schwab-steps-down","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/world-economic-forum-sees-major-leadership-shake-up-as-klaus-schwab-steps-down\/","title":{"rendered":"World Economic Forum Experiences Significant Leadership Change with Klaus Schwab&#8217;s Departure"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fworld-economic-forum-sees-major-leadership-shake-up-as-klaus-schwab-steps-down%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2249961&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Klaus Schwab, the founder of the World Economic Forum, is \u2062stepping down\u2062 as its leader, initiating a planned governance shift. The transition, underway since 2015, aims to enhance <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/world-economic-forum-summit-in-davos-indefinitely-postponed-amid-omicron-concerns\/\" title=\"World Economic Forum Summit In Davos Indefinitely Postponed Amid Omicron Concerns\">public-private cooperation<\/a> and establish a new governance model with a President and Managing \u2063Board.\u2063 Schwab will\u2064 transition to Chairman of the \u2062Board of Trustees by January 2025. The WEF continues its focus on global challenges.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<header> <a href=\"https:\/\/www.westernjournal.com\/news\/\">  News <\/a>   <span> <\/p>\n<p><a href=\"https:\/\/www.westernjournal.com\/author\/russdavis\/\">  <\/a> <\/p>\n<p> <span>   By <a href=\"https:\/\/www.westernjournal.com\/author\/russdavis\/%20\"><span>Jack Davis<\/span><\/a> <\/span> <span>   May 21, 2024 at 4:41pm <\/span> <\/span>  <\/header>\n<section>\n<p>World Economic Forum founder Klaus Schwab will be stepping down from his role as leader of the global gathering.<\/p>\n<p>Schwab announced the change in an email to WEF staff on Tuesday, according to <a href=\"https:\/\/www.semafor.com\/article\/05\/21\/2024\/klaus-schwab-says-hes-stepping-down-as-world-economic-forum-head\" target=\"_blank\" rel=\"noopener\">Semafor<\/a>.<\/p>\n<p>Schwab has not named his successor. He has said the WEF\u2019s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tokyo-olympics-president-resigns-over-sexist-comments\/\" title=\"Tokyo Olympics president resigns over sexist comments\">executive board<\/a> has been \u201cunder the leadership of President B\u00f8rge Brende, [who] has taken full executive responsibility.\u201d<\/p>\n<p>Brende formerly led Norway\u2019s conservatives. In Semafor\u2019s reporting, it said the WEF \u201chas shifted its focus towards the center, and away from liberal politics.\u201d<\/p>\n<p>Semafor noted the WEF is sitting upon a <a href=\"https:\/\/www.westernjournal.com\/elon-musk-unsettled-klaus-schwabs-ominous-opening-remarks-world-economic-forums-annual-meeting\/\" target=\"_blank\" rel=\"noopener\">healthy nest egg<\/a>.<\/p>\n<p>It took in almost $500 million in the fiscal year that ended in March 2023 and had 200 million Swiss francs in cash, Semafor reported in 2023.<\/p>\n<p>The WEF characterized the change as part of a long-running transition.<\/p>\n<p>\u201cSince 2015, the World Economic Forum has been transforming from a convening platform to the leading global institution for public-private cooperation,\u201d the WEF said in a statement on its <a href=\"https:\/\/www.weforum.org\/agenda\/2024\/05\/institutional-developments\/\" target=\"_blank\" rel=\"noopener\">website<\/a>.<\/p>\n<p>\u201cAs part of that transformation, the organization has also been undergoing a planned governance evolution from a founder-managed organization to one where a President and Managing Board assume full executive responsibility.<\/p>\n<p>\u201cBy January 2025, Klaus Schwab will transition from Executive Chairman to Chairman of the Board of Trustees,\u201d the statement continued. \u201cIn addition, the Forum\u2019s prominent Board of Trustees will be organized around four strategic committees to further reinforce the impact of our work.\u201d<\/p>\n<p>\u201cThese shifts underscore our institutional continuity in providing an independent and impartial platform to address the complex challenges of an <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/kyiv-mayor-and-former-boxing-champ-vows-to-take-up-arms-for-ukraine\/\" title=\"Kyiv Mayor and Former Boxing Champ Vows to \u2018Take Up Arms\u2019 for Ukraine\">interconnected world<\/a>,\u201d the statement concluded.<\/p>\n<p>Schwab founded the WEF in 1971. Its major function is to convene a major summit in Davos, Switzerland, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-05-21\/world-economic-forum-founder-klaus-schwab-stepping-down-semafor\" target=\"_blank\" rel=\"noopener\">Bloomberg<\/a>.<\/p>\n<p>A <a href=\"https:\/\/www.foxnews.com\/world\/klaus-schwabs-world-economic-forum-davos-exposed-place-cronyism-can-flourish\" target=\"_blank\" rel=\"noopener\">Fox News<\/a> report questioned the <a href=\"https:\/\/www.westernjournal.com\/davos-speaker-calls-total-end-meat-eating-1-billion-people\/\" target=\"_blank\" rel=\"noopener\">merits<\/a> of the WEF.<\/p>\n<p>\u201cIt is nothing more than an official mechanism by which cronyism can flourish,\u201d said Ben Habib, co-deputy leader of Reform UK, a British political party. \u201cThe event legitimizes cronyism.\u201d<\/p>\n<p>Alan Mendoza, executive director of the Henry Jackson Society, a British think tank, said the <a href=\"https:\/\/www.westernjournal.com\/watch-argentine-president-javier-milei-goes-enemy-territory-bashes-socialism-wef-davos\/\" target=\"_blank\" rel=\"noopener\">WEF<\/a> is less than it appears.<\/p>\n<p>\u201cThere are many people who think Schwab controls the world. I\u2019m not one of them,\u201d he said.<\/p>\n<p>Schwab, he said, \u201chas embedded himself with the \u2018great and good,\u2019 but they ain\u2019t so great and ain\u2019t so good.\u201d<\/p>\n<p>\u201cThe little guy is not represented anywhere in these major international forums,\u201d Mendoza said.<\/p>\n<hr>\n<div>\n<p><b><i>A Note from Our Deputy Managing Editor:<\/i><\/b><\/p>\n<p><i><span>\u201cWe don\u2019t even know if an election will be held in 2024.\u201d Those 12 words have been stuck in my head since I first read them. <\/span><\/i><\/p>\n<p><i><span>Former Lt. Gen. Michael Flynn recently made that comment to Floyd Brown, founder of The Western Journal. <\/span><\/i><\/p>\n<p><i><span>And if the leftists and the elites get their way, that\u2019s exactly what will happen \u2014 no real election, no real choice for the Electoral College, and no real say for the American people. <\/span><\/i><\/p>\n<p><i><span>The Western Journal is fighting to keep that from happening, but we can\u2019t do it alone.<\/span><\/i><\/p>\n<p><i><span>We work tirelessly to expose the lying leftist media and the corrupt America-hating elites.<\/span><\/i><\/p>\n<p><i><span>But Big Tech\u2019s stranglehold is now so tight that <\/span><\/i><a href=\"https:\/\/www.paypal.com\/donate\/?hosted_button_id=BM6XAWRJ8NS7A&#038;utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><i><span>without help<\/span><\/i><\/a><i><span>  from you, we will not be able to continue the fight. <\/span><\/i><\/p>\n<p><i><span>The 2024 election is literally the most important election for every living American. We have to unite and fight for our country, otherwise we will lose it. And if we lose the America we love in 2024, we\u2019ll lose it for good. Can we <\/span><\/i><a href=\"https:\/\/www.paypal.com\/donate\/?hosted_button_id=BM6XAWRJ8NS7A&#038;utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><i><span>count on you<\/span><\/i><\/a><i><span>  to help? <\/span><\/i><\/p>\n<p><i><span>With you we will be able to field journalists, do more investigative work, expose more corruption, and get desperately needed truth to millions of Americans. <\/span><\/i><\/p>\n<p><i><span>We can do this only with your help. Please don\u2019t wait one minute.<\/span><\/i><a href=\"https:\/\/www.paypal.com\/donate\/?hosted_button_id=BM6XAWRJ8NS7A&#038;utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><i><span>  Donate right now<\/span><\/i><\/a><i><span>.<\/span><\/i><\/p>\n<p><i><span>Thank you for reading,<\/span><\/i><\/p>\n<p><i><span>Josh Manning<\/span><\/i><\/p>\n<p><i><span>Deputy Managing Editor<\/span><\/i><\/p>\n<p><i><span>P.S. Please <\/span><\/i><a href=\"https:\/\/www.paypal.com\/donate\/?hosted_button_id=BM6XAWRJ8NS7A&#038;utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><i><span>stand with us<\/span><\/i><\/a><i><span>  today.<\/span><\/i><\/p>\n<\/p><\/div>\n<div id=\"author-info-44685\">\n<p><a href=\"https:\/\/www.westernjournal.com\/author\/russdavis\/\">  <\/a> <\/p>\n<div>\n<p><label for=\"summary-tab-radio-44685\">Summary<\/label><label for=\"more-info-tab-radio-44685\">More<span> Biographical Information<\/span><\/label><label for=\"posts-tab-radio-44685\">Recent<span> Posts<\/span><\/label><label for=\"contact-tab-radio-44685\" onclick=\"if( typeof grecaptcha=='undefined' ) { let cap_s=document.createElement( 'script' ); cap_s.src='https:\/\/www.google.com\/recaptcha\/api.js?render=6LeJFcsUAAAAAPsIEqvB1EebWbZfqRUe6ebMpGy7'; document.body.appendChild( cap_s ); }\">Contact<\/label><\/p>\n<div>\n<p>Jack Davis is a freelance writer who joined The Western Journal in July 2015 and chronicled the campaign that saw President Donald Trump elected. Since then, he has written extensively for The Western Journal on the Trump administration as well as foreign policy and military issues.<\/p>\n<\/p><\/div>\n<div>\n<p>  Jack Davis is a freelance writer who joined The Western Journal in July 2015 and chronicled the campaign that saw President Donald Trump elected. Since then, he has written extensively for The Western Journal on the Trump administration as well as foreign policy and military issues. <br \/> Jack can be reached at jackwritings1@gmail.com. <\/p>\n<p>  Location <\/p>\n<p>  New York City <\/p>\n<p>  Languages Spoken <\/p>\n<p>  English <\/p>\n<p>  Topics of Expertise <\/p>\n<p>  Politics, Foreign Policy, Military &#038; Defense Issues <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>World Economic Forum&#8217;s founder, Klaus Schwab, announced his departure as the leader of the global assembly. Schwab informed WEF staff via email about the change, with no successor named yet. The WEF&#8217;s executive future remains undisclosed as Schwab steps down from his prominent role<\/p>\n","protected":false},"author":661,"featured_media":2249962,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/05\/Klaus-Schwab.jpg","fifu_image_alt":"","footnotes":""},"categories":[548],"tags":[],"class_list":["post-2249961","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-conservative-news-daily"],"fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/05\/Klaus-Schwab.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2249961","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/661"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2249961"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2249961\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2249962"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2249961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2249961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2249961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}