In 1971 Klaus Schwab had the idea to bring together the world's most influential people. Today he is hosting the world's leaders at his annual meeting in Davos. He was 33 years old when he conjured up the idea of a not-for-profit foundation to improve the state of the world.German-born and Swiss-educated Klaus Schwab might have been idealistic at the time, but he ended up creating a huge brand that encompasses global partnership of business, political, and intellectual leaders – with regional conferences around the world.Schwab has his critics, who use Davos as a chance to attack major corporations as socially irresponsible exploiters of poorer countries… but the strength of the event continues to grow.In 1998, Schwab and his wife founded the Schwab Foundation for Social Entrepreneurship, a non-profit organization based in Geneva… and in 2004, Schwab created the Forum of Young Global Leaders to bring together hundreds of people under-40 from all walks of life who have demonstrated their commitment to improving the state of the world.
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