Avoiding Conflicts of Interest
Presidents have been putting their assets into blind trusts for some time. If they don’t know how their money is invested, there can be no conflict of interest. The election of Donald Trump brings about a unique situation. His money is tied up in an extremely complex business with over five hundred different entities.
Some have suggested he should sell. There is no way to unload everything in a short time at a fair price. Others have suggested that his children leave the business and they hire an outsider. It would be catastrophic if the business lost their CEO and top management team.
So what should Trump do? Legally he doesn’t have to do anything. I don’t have a problem with the kids running it. However, he must do everything possible to limit the appearance of impropriety. First of all, his children should have absolutely no involvement with the government. All three are on his transition team. That doesn’t make sense. He can’t have it both ways. They should also sell those segments of the business that present the greatest possibility for conflict of interest.
Many are out to cause him trouble. It’s in his best interest to do everything possible to avoid even the appearance of conflict of interest.
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