did a bit of digging on our friend schwab.
this bit summed it up..:
While S
chwab declared that excessively high management salaries were "no longer socially acceptable",[36] his own annual salary of about one million Swiss Francs has been repeatedly questioned by the media. The Swiss radio and television corporation
SRF mentioned this salary level in the context of ongoing public contributions to the WEF and the fact that the Forum does not pay any federal taxes.
[37] Moreover, the former
Frankfurter Allgemeine Zeitung journalist Jürgen Dunsch made the criticism that the WEF's financial reports were not very transparent since neither income nor expenditure were broken down.
[38] Schwab has also drawn ire for mixing the finances of the not-for-profit WEF and other for-profit business ventures. For example, the WEF awarded a multimillion dollar contract to
USWeb in 1998. Yet shortly after the deal went through, Mr. Schwab took a board seat at the same company, reaping valuable stock options.
you couldn't make it up..

