Jenna Moon

Jenna Moon

Updated May 21, 2024, 10:59am EDT

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World Economic Forum founder Klaus Schwab steps back from executive post

THE SCOOP

World Economic Forum founder and executive chairman Klaus Schwab will be stepping back from his role running the global gathering since he founded it in 1971.

Schwab announced his intentions in an email to staff on Tuesday that was shared with Semafor by a person connected to the organization.

He will be stepping down as executive chairman and transitioning to a role as non-executive chairman, he said, adding the change in his role is pending approval by the Swiss government.

In a statement, a spokesperson for the Forum said that the organization is “transforming from a convening platform to the leading global institution for public-private cooperation.” The Forum’s governance structure is set to change as a result of that evolution, the spokesperson said, and Schwab “will transition from Executive Chairman to Chairman of the Board of Trustees” by January 2025.

Schwab has not named his successor, but said that over the last year, the group’s executive board, “under the leadership of President Børge Brende, has taken full executive responsibility.”

Brende is a former Norwegian conservative leader.

Schwab, 86, is synonymous with the organization that he has managed for more than 50 years.

Initially known as the European Management Forum, early iterations of the event drew far fewer attendees to Davos than the thousands that now ascend to the Swiss mountain town.

Now, the annual WEF meeting in Davos attracts dozens of high-ranking world leaders and CEOs each year, with more than 50 heads of state attending in 2024, according to the organization.

The Forum operates much like a family business, with Schwab’s children appointed to high-ranking positions and his wife Hilde heading the organization’s foundation and awards ceremonies in Davos.

In recent years, the Forum has shifted its focus towards the center, and away from liberal politics, Semafor previously reported.

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Succession at the WEF has been the subject of fevered speculation, and a Politico article floating possible names roiled the gathering in 2023.

The Forum has also been navigating a difficult political landscape, and has steered back toward the center in recent years after embracing progressive directions in culture and finance.

The WEF, though a nonprofit, is a remarkable business: The organization brought in nearly $500 million in revenue in the year ending March 2023, and had a neat 200 million Swiss francs sitting in cash, Semafor reported last year.

https://www.semafor.com/article/05/21/2024/klaus-schwab-says-hes-stepping-down-as-world-economic-forum-head

(Cruzing for a Bruising)

Fani Willis suggests creation of Georgia prosecutorial oversight panel is racially motivated

Victor Nava. May 21, 2024

Embattled Fulton County District Attorney Fani Willis suggested on Monday that the creation of a new prosecutorial oversight panel in Georgia is racially motivated.

“Georgia had never had a prosecutorial oversight committee,” Willis told MSNBC host Rachel Maddow when asked about the state Senate’s special committee investigation.

“All of a sudden, 14 minorities were elected to office to serve as district attorney,” she continued. “And now all of a sudden they need an oversight committee to look after district attorneys because they want to tell us how to prosecute and who to prosecute and where we should put our resources, as opposed to allowing the voters that put us in the seats to make those determinations.”

The new disciplinary board, approved by the GOP-controlled state legislature earlier this year andsigned into law by Republican Gov. Brian Kemp in March, will have the power to discipline and remove prosecutors from cases in Georgia found to have engaged in misconduct.

Willis, who is under investigation by the Georgia state Senate over her use of taxpayer money during her relationship with former special prosecutor Nathan Wade, could come under scrutiny from the new body over the same allegations and other aspects of her handling of the prosecution of former President Donald Trump.

“They use false reasons for wanting to come after me,” the district attorney said Monday.

“What is so ironic is, although it’s only 14 of the 50 DAs in the state of Georgia, most of the citizens report to our jurisdictions, so, although we’re smaller in number than the other 36, most of the population has elected these minority DAs to serve them and has trusted their judgment,” Willis argued.

“But apparently we now need Daddy to tell us how to do our job.”

Willis, 52, also railed against House Judiciary Committee Chairman Jim Jordan (R-Ohio), who subpoenaed the DA back in February over allegations she’s mishandling federal funds.

“Jim Jordan has time after time after time attacked my office with no legitimate purpose,” she claimed. “Anyone who knows Jim Jordan’s history knows that he only has the purpose of trying to interfere in a criminal investigation.”

“He has now turned his tricks to he’s going to look at grant programs — which I invite him to do — and we have complied with his subpoenas,” she added. “But yet he continues his attacks to try to interfere in a criminal investigation — all while his jurisdiction has one of the worst crime rates, has poverty issues, and not one time has he used his position to try to investigate people who are attacking me and attacking others legitimately doing their job — making him illegitimate in his position.”

“It’s disgusting,” Willis said of the congressional probe. “Now at the state level, they’ve decided to follow this clown’s lead.”

A spokesperson for Jordan did not immediately respond to The Post’s request for comment.

The Georgia state Senate special investigation panel held its third public hearing related to the Willis probe earlier this month, which delved into the amount of money the DA’s office has spent prosecuting the historic racketeering case against Trump and his co-defendants and the lack of oversight other government entities have over the district attorney’s office.

Willis has vowed not to appear before the panel, questioning state lawmakers’ authority to issue her a subpoena.

https://nypost.com/2024/05/21/us-news/fani-willis-suggests-creation-of-georgia-prosecutorial-oversight-panel-is-racially-motivated/

Charlie Kirk

@charliekirk11

Law professor Jonathan Turley holds nothing back in an absolutely brutal assessmentof Judge Juan Merchan’s handling of the Trump trial:

“I believe there are layers of reversible error in this case.”

May 21, 2024

https://x.com/charliekirk11/status/1792917568295952754

Steve Bannon On America First: Mike Johnson "Is Not MAGA. Don't Think For A Second He's MAGA"

11:48

https://rumble.com/embed/v4u42on/?pub=4