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flickr founder and executive chairman of the WEF, will step down from his leadership role, according to Semafor.
Meanwhile, a WEF spokesperson said the organization is "transforming from a convening platform to the leading global institution for public-private cooperation."
At press time, there was no mention of Schwab's decision to step down on the WEF website or social media accounts.
According to Semafor, Schwab will transition to a role as non-executive chairman, pending the Swiss government's approval of the change, which is expected to become official by January 2025.
The WEF, based in Davos, Switzerland, hosts its annual meeting there each January.
WEF transitioning to global leader in public-private 'cooperation'
Tim Hinchliffe, editor of The Sociable, told The Defender the change may still allow Schwab to exert considerable influence over the WEF.
In its report, Semafor cited a statement from a WEF spokesperson saying that the organization is,
Experts who have studied the WEF warned of the risks of such "public-private" partnerships, in remarks shared with The Defender.
Michael Rectenwald, Ph.D., author of "The Great Reset and the Struggle for Liberty - Unraveling the Global Agenda" said that despite Schwab's decision,
Rectenwald added:
Along similar lines, Seamus Bruner, author of "Controligarchs - Exposing the Billionaire Class, their Secret Deals, and the Globalist Plot to Dominate Your Life," and director of research at the Government Accountability Institute, said Schwab is a,
These "controligarchs," said Bruner,
Schwab's shift,
Instead,
WEF will continue to push for 'technocratic takeover' of society
According to Semafor, Schwab,
The WEF's annual meeting, originally called the European Management Forum, today "attracts dozens of high-ranking world leaders and CEOs each year," including over 50 heads of state who attended this year's meeting.
Business figures like Bill Gates and Pfizer CEO Albert Bourla have regularly attended the meetings.
...Semafor reported, citing the organization's $500 million in revenue for the fiscal year ending March 2023 and cash reserves totaling 200 million Swiss francs ($219.5 million).
Attorney Greg Glaser, who focuses on issues related to privacy and technology, told The Defender that those attending the WEF's annual meeting pay a high price tag - exceeding six figures - to participate.
He said Schwab,
According to Semafor, Schwab didn't name a successor.
However, in the past year, the group's executive board, led by WEF President Børge Brende, a former Norwegian conservative leader, has taken full executive responsibility.
Last year, Politico speculated that Brende is a possible successor to Schwab.
Other names Politico cited include,
Semafor reported that the WEF "operates much like a family business," with his children and wife holding high-level positions within the organization.
Hinchliffe said that regardless of who succeeds Schwab, the WEF is unlikely to shift its policy agenda significantly.
He said:
Last month, mainstream media fact-checkers, including from Reuters and Euronews, refuted rumors that Schwab was seriously ill, hospitalized or deceased.
WEF has promoted Great Reset, digital ID, metaverse, consumption of insects
The WEF has generated controversy with its public proclamations, and those made by several participants at its annual meetings, regarding the future of humanity.
A 2016 WEF video predicted that by 2030,
That year, the WEF also introduced its vision for the Fourth Industrial Revolution, which it claimed is,
In 2017, Gates and Jeremy Farrar, former director of the Wellcome Trust and now chief scientist of the World Health Organization (WHO), launched the Coalition for Epidemic Preparedness Innovations (CEPI) at that year's WEF meeting.
CEPI is attempting to develop a platform allowing vaccine development within 100 days.
In June 2020, amid the COVID-19 pandemic, the WEF introduced the "Great Reset," claiming the pandemic was an opportunity for all countries to,
At the WEF's annual meeting last year, Schwab opined the importance of "mastering the future."
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At this year's meeting, he referred to participants as "trustees of the future."
This year's meeting also cited "misinformation" - not war or poverty - as the top threat facing humanity over the next two years.
Participants at this year's meeting also warned of the dangers of "the wrong leaders" being elected in key national electoral contests this year. They suggested that digital ID could be used to track the unvaccinated.
WHO Director-General Tedros Adhanom Ghebreyesus warned of the pandemic risk posed by a yet-unknown "Disease X":
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The WEF also helped promote or support a range of initiatives, including,
Glaser said these initiatives, which he called "bizarre," resulted in "public relations damage" for the WEF that is irreversible - but the initiatives will continue to influence global policy.
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