The World Economic Forum (WEF) has been hosting its annual gathering in Davos, Switzerland since 1971, and this year's event will be the first without Klaus Schwab, the organization's founder. The WEF's purpose was to bring together business leaders, politicians, and civil society representatives to discuss global issues and find solutions. However, with the decline of a "rules-based global order," many critics argue that the WEF has become unaccountable and lacks legitimacy.
The event is expected to attract thousands of participants, including corporate movers and shakers, such as Jensen Huang from Nvidia and Satya Nadella from Microsoft. The gathering will also feature public discussions, debates, private meetings, and late-night parties, with analysis showing that the number of private jet flights associated with Davos has more than tripled between 2023 and 2025.
The WEF's president, BΓΈrge Brende, is not expected to attend this year's event, but Schwab is publishing a new book coinciding with Davos. Some critics argue that the WEF no longer serves its original purpose, while others hope to influence the world's most powerful people and shape the diplomatic year ahead.
In a statement, the WEF board of trustees cleared Klaus Schwab of "material wrongdoing" last August, stating that minor irregularities reflect his deep commitment rather than intent of misconduct.
The event is expected to attract thousands of participants, including corporate movers and shakers, such as Jensen Huang from Nvidia and Satya Nadella from Microsoft. The gathering will also feature public discussions, debates, private meetings, and late-night parties, with analysis showing that the number of private jet flights associated with Davos has more than tripled between 2023 and 2025.
The WEF's president, BΓΈrge Brende, is not expected to attend this year's event, but Schwab is publishing a new book coinciding with Davos. Some critics argue that the WEF no longer serves its original purpose, while others hope to influence the world's most powerful people and shape the diplomatic year ahead.
In a statement, the WEF board of trustees cleared Klaus Schwab of "material wrongdoing" last August, stating that minor irregularities reflect his deep commitment rather than intent of misconduct.