Klaus Schwab Steps Down from World Economic Forum

Klaus Schwab, the man who started the World Economic Forum (WEF), has stepped down after leading the group for more than five decades. Schwab, who is now 87 years old, made his exit just before turning 88. He also left his role on the organization’s board of trustees right away. The Forum, which is based in Geneva, shared the news on Monday. The board met on April 20 and accepted his decision during a special meeting. Peter Brabeck-Letmathe, the Forum’s...