Exit of Davos high priest opens door for WEF reform

Klaus Schwab’s surprise resignation leaves a huge vacuum at the top of the World Economic Forum, best known for its annual gathering of the global elite in Davos. Quitting to clear his name following allegations of financial and other improprieties was not the end Prof Schwab would have wanted to his 54-year reign at the organisation he founded as a conference for academics and business leaders. Although he relin-

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quished some control last year, his decades-long reluctance to come up with a convincing succession plan suggests he had hoped to die with his boots on, like the Pope.