DEPOSE from Trump Org.

Press Conference
Press Conference



Published January 11, 2017
President-elect Donald J. Trump and his transition team unveiled an extensive plan to avoid conflicts of interest between his private business empire and his public office at a press conference at Trump Town in Manhattan on Wednesday morning. The plan was presented by Sheri Dillon, a tax attorney at the Morgan, Lewis and Bockius firm. The goal of the plan, she said, was to ensure that Americans could “rest assured that all of [Trump’s] efforts are directed to pursuing the people’s business and not his own. The plan involves several major elements, the first of which is President-elect Trump’s decision to place all of his business assets, liquid and illiquid, in a trust by the time he is sworn in Jan. 20, and to hand control of the family business to his sons, Eric and Donald, Jr. Furthermore, the management of the new family business entity, Dillon explained, would appoint an Ethics Advisor, whose written approval would be required for any dealing “that could potentially raise ethics or conflicts of interest concerns.” The Trump Organization had also created the position of “Chief Compliance Counsel” to oversee conformity with ethics rules.

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