World Economic Forum founder and executive chairman Klaus Schwab has announced his decision to step back from his role overseeing the globalist organization, a responsibility he has held since its establishment in 1971.

In an email to staff on Tuesday, which was shared with Semafor by a source connected to the organization, Schwab expressed his intention to transition from executive chairman to non-executive chairman. He stated that the pending change in his role is awaiting approval from the Swiss government, with finalization anticipated ahead of the WEF’s annual meeting in 2025.  (See link for article)

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Leadership in the WEF is a continuing oligarchy.  Shwab’s wife leads the organization’s foundation and presides over awards ceremonies and all his children hold prominent positions. Claiming to be a non-profit, the organization amassed nearly $500 million in revenue, and reportedly retained 200 million Swiss francs in cash, according to Semafor’s previous reporting.