00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Borga Brand said Thursday he will step down as president and CEO of the World Economic Forum,
00:07weeks after the forum launched an independent investigation into his relationship with Jeffrey
00:12Epstein, according to CNBC. The decision followed disclosures from the U.S. Justice Department,
00:17showing Brand had three business dinners with Epstein and exchanged emails and text messages
00:22with him. Brand said he will step down after eight and a half years, called his tenure rewarding,
00:27and thanked colleagues and partners. He did not mention Epstein. Andre Hoffman and Larry Fink
00:32said the independent review by outside counsel found no additional concerns beyond what was
00:37previously disclosed. For all things money, visit Benzinga.com.
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