The World Economic Forum said an independent investigation has cleared its founder, Klaus Schwab, of material wrongdoing after anonymous whistleblowers alleged he and his wife blurred personal expenses with Forum resources. A law-firm review found only “minor irregularities” and no evidence of serious misconduct by either Schwab or Hilde Schwab, according to a statement released on 15 Aug 2025. The probe was launched in April following a whistleblower letter that prompted Schwab to resign as chairman. With the findings now public, a spokesperson told the Wall Street Journal that Schwab plans to drop legal actions he had initiated against the whistleblowers. Schwab, 87, remains involved with the Forum but holds no formal board position. Alongside the publication of the report, the WEF board named BlackRock chief executive Larry Fink and Roche vice-chair André Hoffmann as interim co-chairs, replacing former Nestlé chief Peter Brabeck-Letmathe. Fink and Hoffmann said they will focus on strengthening governance and defining the organisation’s next phase ahead of the January Davos meeting.