⚡️🇨🇭 Wall Street Journal: World Economic Forum founder Klaus Schwab is under investigation following a whistleblower letter alleging financial and ethical misconduct by him and his wife.

The anonymous letter accused Schwab of using Forum funds for private hotel massages and having junior staff withdraw cash for him. His wife allegedly arranged token meetings to justify luxury travel.

The Forum’s board opened a probe during an emergency Easter meeting. Schwab resigned immediately as chairman, abandoning his planned transition.

The Schwabs deny all allegations and say Klaus will sue the letter’s author and anyone spreading the claims. The Forum said it takes the claims seriously but will await the investigation’s outcome.

@wfwitness