Trump Announces Leadership For Trump Organization

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President-elect Trump announced in a series of tweets late Monday night that his business will be taken over by his two eldest sons, Don Jr. and Eric Trump.

Trump also said that no new deals will be done during his terms in office. Relieving Ivanka of responsibility in the Trump Organization also makes it possible for his daughter to participate in the Trump administration.

The tweets were in lieu of a press conference scheduled for Thursday that was postponed so that legal teams could have more time to work out the Trump Organization plan.

Trump also promised a press conference soon “to discuss the business, Cabinet picks and all other topics of interest.” A date was not disclosed, but it is expected to be next month since he is currently concentrating on Cabinet choices.

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Critics have questioned possible conflicts of interest between the Trump business empire and his presidency. The tweets did not say whether or not he will divest himself of his ownership share in the Trump Organization. Many doubt he will make the complete divestment of interests that would enable him to avoid the appearance of creating policy that will benefit himself financially.

Former House Speaker Newt Gingrich, now a vice chairman of Trump’s transition team, has said that divestment should not be necessary because voters knew Trump was a billionaire businessman when they elected him. He thinks it’s sufficient that Trump appoint a panel of five ethics “jurists” to vet potential conflicts. The Office of Government Ethics, however, has spoken out in favor of total divesture. 

H/T: Fox News

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