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Klaus SchwabKlaus Schwab is a Swiss philanthropist and businessman, best known as the president and founder of the World Economic Forum. His wife, Hilde, works with him on some of his philanthropic projects. Philanthropy In 1971, Schwab founded the World Economic Forum as a not-for-profit foundation committed to improving the state of the world, later building it into today's global partnership of business, political, and intellectual leaders. In 1998, Schwab and his wife founded the Schwab Foundation for Social Entrepreneurship, a non-profit organization based in Geneva, Switzerland. In 2004, Schwab founded a new foundation, the Forum of Young Global Leaders, which aims to bring together over 1000 people under 40 from all walks of life who have demonstrated their commitment to improving the state of the world, and encourage them to work together over the span of five years to identify and realize global change. Professional life Schwab was Professor of Business Policy at the University of Geneva from 1972 to 2002. He is the author of several books. Since 1979, he has also published The Global Competitiveness Report, an annual report on the state of competitive business practices around the world. External links
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