Trump hands reins to sons but will not divest ownership of his empire
Conflict-of-interest concerns remain unresolved as US president-elect Donald Trump addresses America
New York — US president-elect Donald Trump said on Wednesday he would leave his positions at the various companies of the Trump Organisation, but he would not divest his ownership, raising questions about whether he has adequately addressed conflict-of-interest concerns. "I could actually run my business and run government at the same time," Trump said at a press conference, adding that he recently turned down an offer of $2bn to do a deal in Dubai. "I don’t like the way that looks, but I would be able to do that if I wanted to." Trump’s businesses, which include more than 500 companies with $3.6bn in assets and ties to more than 20 countries, will be placed into a trust. The trust will be overseen by an independent ethics officer and managed by Trump’s sons Eric and Don Jr, and chief financial officer Allen Weisselberg, who will make decisions without consulting the president. The Trump Organisation will terminate all pending partnerships, and won’t enter into new international bus...
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