The Legendary Klaus Schwab Bows Out — What’s Next for the Davos Circus?

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At a sprightly 87 years young, Klaus Schwab, the grand wizard behind the World Economic Forum, has finally decided to hang up his proverbial hat. 

End of an Era: WEF Founder Klaus Schwab Announces Resignation

So, it seems the globe-trotting professor who moonlighted as an economic puppet master has stepped down. Klaus Schwab, the man behind the curtain of the World Economic Forum — the event that annually gathers billionaires, politicians, and the odd celebrity in the snowy Swiss town of Davos — announced on Monday that he’s off to enjoy his retirement, or at least, less formal meetings.

This fellow, armed with not one but two doctorates (mechanical engineering and economics, for those keeping score), made a career out of herding the world’s movers and shakers every January for what can only be described as the ultimate power breakfast with a side of agenda-setting.

Now, for those skeptics out there, particularly the crypto crowd, the WEF is basically the Mothership of centralization — a club where decisions affecting roughly 8 billion people are made without so much as a polite “how do you do?” to the rest of us.

With Schwab easing into the background (perhaps to reflect on the memes immortalizing his accent and bug-based dietary suggestions 🐜🍽️), the question on everyone’s lips is: who’s getting the keys to the Davos kingdom? For now, the chair of Nestle’s board, Peter Brabeck-Letmathe, is the interim captain, having previously sat comfortably as WEF’s vice chairman, but the permanent successor remains a mystery wrapped in a Swiss chocolate bar.

Schwab put it rather plainly: “As I edge into my 88th year, I’ve decided to step down immediately from the Chair and the Board of Trustees.” No grandson to pass the baton to? We’ll see.

(A snapshot from the 2021 WEF exposé on why insects deserve their five-star spot on your dinner plate / weforum.org — apparently, tomorrow’s gourmet may have extra legs.)

Of course, the WEF isn’t without its share of critics who accuse it of plotting a future that reads like a dystopian dietician’s wildest dreams: less property for you, more bugs on the menu, and a privacy setting somewhere between “transparent” and “did you just tap my mind?”

These do-not-try-this-at-home policies have inspired an unsurprising flurry of internet memes. Who could forget the haunting slogan — “You shall own nothing and be happy” — paired with the ever-charming “You shall eat ze bugs,” lovingly mimicking Schwab’s German intonation? Truly, nothing brings people together like shared dread of a future filled with crunchy critters.

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2025-04-22 03:27