The Schwab family denied all the allegations in the whistleblower complaint to the Journal. Following the conclusion of the probe, a spokesman for Schwab told WSJ on Friday that he intends to drop his lawsuit against WEF and a separate legal action against anonymous whistleblowers. The WEF also said Peter Brabeck-Letmathe had stepped down as interim chairman following the investigation's conclusion. In a statement posted on the WEF website, newly appointed co-chairs Fink and Hoffman said they were honoured to take on the leadership role on an interim basis and looked forward to reinventing and strengthening the organisation. WEF's Davos gathering has in recent years drawn criticism from opponents on both left and right as an elitist talking shop detached from the lives of ordinary people.