- Sep 27, 2012
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Realistic and satisfying
Trump blasts Russia reports, unveils plan for business empire at feisty news conference
The crux of the press conference, however, was an announcement from his team about his plans for The Trump Organization -- which now includes handing control of the global company bearing his name to sons Donald Jr. and Eric Trump, along with chief financial officer Allen Weisselberg.
Trump also plans to resign all offices and positions in his companies, and place his assets and investments in a trust. According to an attorney who spoke at the press conference, daughter Ivanka – whose husband Jared Kushner has accepted a senior adviser job in the White House – will relinquish all management authority as well.
Further, the Trump team announced the organization will donate all profits from foreign government stays at Trump hotels and properties to the U.S. Treasury, and bar foreign deals during his presidency.
The transition team also made clear Trump will not fully divest himself from his business interests, even as he cedes control of the operation. An attorney for The Trump Organization said it was “not realistic” to do so. And Trump plans to retain an ownership interest in the Old Post Office in Washington, D.C., where his new hotel opened last year.
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Well what do you guys think?
Trump blasts Russia reports, unveils plan for business empire at feisty news conference
The crux of the press conference, however, was an announcement from his team about his plans for The Trump Organization -- which now includes handing control of the global company bearing his name to sons Donald Jr. and Eric Trump, along with chief financial officer Allen Weisselberg.
Trump also plans to resign all offices and positions in his companies, and place his assets and investments in a trust. According to an attorney who spoke at the press conference, daughter Ivanka – whose husband Jared Kushner has accepted a senior adviser job in the White House – will relinquish all management authority as well.
Further, the Trump team announced the organization will donate all profits from foreign government stays at Trump hotels and properties to the U.S. Treasury, and bar foreign deals during his presidency.
The transition team also made clear Trump will not fully divest himself from his business interests, even as he cedes control of the operation. An attorney for The Trump Organization said it was “not realistic” to do so. And Trump plans to retain an ownership interest in the Old Post Office in Washington, D.C., where his new hotel opened last year.
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Well what do you guys think?