Trump outlines plan to shift assets, give up management of his company - News Summed Up

Trump outlines plan to shift assets, give up management of his company


President-elect Donald Trump will shift his assets into a trust managed by his sons and give up management of his private company, a step that will help the businessman move closer to resolving potential conflicts of interest. But Trump’s commitment will not resolve what federal officials and ethics advisors say is his most key conflict: His continuing ownership of his business, the Trump Organization. That will ensure Trump will still have a vested financial interest in a global private company when he takes office next week. But the president must still abide by bribery, fraud and corruption laws that could arise from potential financial conflicts. The trust agreement outlined Wednesday will not be truly “blind” due to Trump’s family relationship to its leaders: his sons and company executive Allen Weisselberg.


Source: Washington Post January 11, 2017 17:15 UTC


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