WEF courts Christine Lagarde as next leader after founder's abrupt exit

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WEF courts Christine Lagarde as next leader after founder's abrupt exit - Business Standard

Quick Summary:

Lagarde, who started her career as lawyer, was previously managing director of the International Monetary Fund and finance minister in France.

For more than half a century Schwab was the defining force behind the organization, which he set up in 1971 and is now headquartered in a sleek stone-and-glass building in the exclusive hilltop town of Cologny overlooking Lake Geneva.

We are of the opinion that the Audit and Risk Committee and the Board of Trustees of the World Economic Forum overreacted timewise, also concerning the mandate of the new investigation without a prior in-depth discussion.