According to an investigation by The Wall Street Journal, Schwab is facing accusations of sexual harassment and creating a hostile work environment.

One of Schwab's misdeeds allegedly involves targeted employees aged over 50 for dismissal to lower the average age of the workforce. When his HR chief, Paolo Gallo, refused to comply with this directive without valid performance-related reasons, Schwab fired him.

Back 2017, Schwab reportedly dismissed a young woman leading a startup initiative after she informed him she was pregnant. He expressed displeasure that she wouldn't be able to work at the same pace and subsequently let her go after a brief trial period.

Many other female staffers also reported being pushed out or facing career setbacks after becoming pregnant or returning from maternity leave.

Meanwhile, other female staffers said they were victims sexual harassment, with incidents involving suggestive comments and inappropriate behavior by senior managers, some of whom remain at the Forum.

Schwab, who formally left his role as executive chairman last month, himself was described as setting a tone of sexualization and objectification from the top, with multiple accounts of him making women uncomfortable with his remarks and behavior.

"I knew he liked me and I knew he found me pretty," said one woman by the name of Mryiam Boussina. "Every man with a lot of power, they think that they can get any woman and they are not ashamed."

"There was a lot of pressure to be good-looking and wear tight dresses," added another woman who worked at the WEF in the 2010s. "Never in my career have I experienced looks being such an important topic as in the Forum."

Another staffer claimed that Schwab made suggestive comments and even physically posed suggestively in front of her, once mentioning he wished she was Hawaiian to see her in a costume.