Jan. 27, 2012 – Being rich has its perks, but when the economy starts to plummet, millionaires and billionaires often come under fire for “hogging” all the wealth.

In an attempt to dodge public criticism, The World Economic Forum in Davos, Switzerland, cancelled its traditional wine tastings for its guests in the wake of the 2008 economic crisis. The Wine Forum, a non-profit organization founded in 2009 by Crescendo Ventures Founder David Spreng and Chief Executive of the World Microfinance Forum Geneva Vidhi Tambia, stepped in to bring wine tastings back Davos, according to International Herald Tribune Rendezvous.

The forum organizes tastings in the area, and members pledge to match their spending on wine with donations to charity. One such tasting took place Wednesday night and was attended by producers such as Michel Tesseron of Chateau Lafon-Rochet and Jacques Thienpont of Le pin.

From International Herald Tribune Rendezvous:

“The highlights? Many of the wines were still young, but 2000 Haut-Bailly was all elegance and class, 2005 Angelus was enormously impressive, 2006 Vieux Chateau Certan was velvety and open and 2003 Lafon-Rochet surprisingly fresh.

Read the full article here!