Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Unlock the editor’s digest in free
FT editor Raula Khalaf selected his favorite stories in this weekly newsletter.
According to WEF founder Claus Shoaab, Christine Legard discusses the reduction of his tenure as the president of the European central bank in Legard.
SwabThe WEF had left the WEF in response to the allegations of the person who denied last month, saying that Legard was created to accept the organization before its term in the ECB in 2027.
Any action to accelerate his departure from Legard ECB EU may start an inheritance racing for the top financial authority.
Sweab told The Financial Times that both of them were at the center of a plan in Legard to replace him as “several years” to replace him as his main WeFThe company behind the annual meeting of businesses and political elite at Davos’s Swiss ski resort.
The latest conversation was in early April, when swab went to Legard at Legard in Frankfurt “Leader’s Conversion to discuss with him [at WEF] He said in an interview that he was with me until he was ready to take his responsibility.
Legard, who has been in the WEF Board of Trustees since the 21st, has a renewable eight -year period at the ECB, which lasted until the end of October 2027.
The two people familiar with the subject mentioned the mutual compromise between the two sides, whom Legard should leave at least 10 months before the expiry of the expiry.
One of them said that he agreed to take the role of the first inflation in connection with the ECB’s medium-term 2 percent target. However, they also added that Legard also expressed some reservation about the efficiency of leaving the ECB at various points during a conversation on his future.
A ECB spokesperson said: “President Legard was always fully committed to supply his mission and is determined to decide to expire his term.” The spokesperson refused to comment further.
The WEF said that “it was not in any position to comment on the potential confidential discussion between our former chairman and Madam Legard”.
The Frankfurt-based company will be the second ECB president after the first IMF managing director and French finance minister Wim Duisenberg, 693.
The ECB Presidency, one of the highest-economic financial works in Europe, has been subjected to high-partisan political prices among the Histor Tihasatically separate member states.
Swab told Foot that an apartment of Villa Mundi, owned by Waf, ignoring the Geneva lake, was already reserved for Legard, to “take more responsibility for working somewhere and stay here”.
Whiscell reacts to the claims of the blower that his family used some parts of the Villa Mundi Complex, adding that the apartment was in Legard, not for her.
WEF describes his comments as “new information to us” in the WEF apartment, added that Villa Mundi “is now being used by our staff and material”.
A number of people, familiar with the WEF inheritance, warned that no formal agreement between Geneva -based organizations and Legard has been hit yet.
However, two people, who were knowledgeable in the discussion, said that since the departure of Shabb, the conversation between Legard and the forums continued on the role of leadership.
১ 87 -year -old said in early April he said Desire to resign In January 2027 as the President of the Board of Board of Trustees. However he was After a few weeks by the WEF board forced out by the boardAnonymous whistle blower has received inappropriate financial benefits from his family organizations after multiple complaints.
Just weeks before the new complaint landing, Shabb was cleared of other abuses and rejected the latest allegations.
The founder of the WEF told FT that he was concerned that the long-planned handover in Legard could be endangered, because last month due to its own initial departure and potential loss of the organization’s reputation.
“My fear is that if it continues and is hanging on the organization without solutions then Christine Legard will not accept the position as a chair,” he said. “I don’t want to lose him. I want to make sure what was built here.
WEF, who has appointed Nestley’s former Chief Peter Brabek -letmoth as an interim chair, has opposed that it “continues to work from the power position”, added that it has participated in the record in recent events.
Davos Chief has become a set-piece event for the chief executive and government chiefs and finance-making machines, including SFR1 MN revenue in 2021.
Legard could expect to double his annual salary, which stood at around $ 466,000 last year made SFR 1 MN.
Since taking charge at ECB in 2019, he has driven the central bank through Covid-19, and after the full-scale aggression of the generation and the full-scale invasion of Pandemic Lockedwnes and Russia’s Ukraine.
Eurozone has returned to control the price growth with inflation Remained at 2.2 percent of the last month And ECB staff predicted it will return to the target next year.