If you think Donald Trump is going to divest from his precious companies, you’ve clearly never watched an episode of The Apprentice or an episode of the 2016 American presidential election. Trump is, however, reportedly considering a plan that would see him relinquish operational control of the Trump organization to his sons and have his daughter Ivanka take leave from Trump, Inc. in order to effectively fill the role of First Lady at the White House.
From the New York Times:
Before deciding how to separate from her father’s business, Ms. Trump is also assessing how to disentangle from her apparel and licensing brands, which are named for her, two people briefed on her plans said. She plans on appointing a president of her company to run the day-to-day operations. The Trumps are exploring what was described by one person briefed on the discussions as a “legal structure” that would give Mr. Trump and his daughter separation from the company… The federal law that prevents federal employees from making decisions involving their financial interests exempts the president and vice president, though no recent sitting president has maintained foreign financial holdings as extensive as Mr. Trump’s.
“As outlined, the plan could leave in place many of the potential conflicts of interest growing out of a real estate and licensing business that spans at least 20 nations, in places like India, Indonesia and Turkey,” according to the Times.
