Professor Klaus Schwab (1938, Ravensburg, Germany) is the Founder of the World Economic Forum. In 1971, he published Modern Enterprise Management in Mechanical Engineering. He argues in that book that a company must serve not only shareholders but all stakeholders to achieve long-term growth and prosperity. To promote the stakeholder concept, he founded the World Economic Forum the same year.
Professor Schwab holds doctorates in Economics (University of Fribourg) and in Engineering (Swiss Federal Institute of Technology) and obtained a master’s degree in Public Administration (MPA) from the Kennedy School of Government at Harvard University.
In 1972, in addition to his leadership role at the Forum, he became a professor at the University of Geneva.
He has received numerous international and national honors, including 20 honorary doctorates.
His books include The Fourth Industrial Revolution (2016), a worldwide bestseller translated into 30 languages, Shaping the Future of the Fourth Industrial Revolution (2018), The Great Reset (2020), and Stakeholder Capitalism (2021).