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TRUMP: 'I will be leaving my great business in total

Published by Business Insider on Wed, 30 Nov 2016


President-elect Donald J. Trump announced over Twitter that he will leave his business "in total" to avoid conflict of interests and "fully focus on running the country.""The Presidency is a far more important task!" Trump tweeted.He added that legal documents are currently being drafted that would remove him "completely" from business operations.Currently the Chairman and President of the Trump Organization, Trump said he would discuss the move at a December 15 press conference in New York City with his children, to whom he has said he plans to leave control of his business.The Trump Organization includes a portfolio of real estate, hotels, and golf courses, as well as other investments.I will be holding a major news conference in New York City with my children on December 15 to discuss the fact that I will be leaving my ...' Donald J. Trump (@realDonaldTrump) November 30, 2016great business in total in order to fully focus on running the country in order to MAKE AMERICA GREAT AGAIN! While I am not mandated to ....' Donald J. Trump (@realDonaldTrump) November 30, 2016do this under the law, I feel it is visually important, as President, to in no way have a conflict of interest with my various businesses..' Donald J. Trump (@realDonaldTrump) November 30, 2016Hence, legal documents are being crafted which take me completely out of business operations. The Presidency is a far more important task!' Donald J. Trump (@realDonaldTrump) November 30, 2016Trump's ability to separate his business ties from the presidency came under scrutiny early in the transition process. His daughter Ivanka, who stands to be a leader in taking over his company, sat in on a meeting with Japanese Prime Minister Shinzo Abe last week and was on a congratulatory phone call between the president-elect and Argentine President Mauricio Macri.Trump also met in his Trump Tower office with three Indian business partners who are building a Trump-branded apartment complex near Mumbai. The three men posed with Trump in a picture posted to Twitter.At various points along the campaign trail, Trump said his business would be controlled by his children in what he said was a "blind trust," even though that constitutes an independent manager who typically is not someone as closely tied to the holder as his or herchildren.According to a recentWashington Post story, at least 111 separate Trump companies have conducted business in 18 countries across South America, the Middle East, and Asia.Pointing specifically to a Trump Towers project in Istanbul, something that Trump at one point said could present "a little conflict of interest," The Post wrote that "policy and ethics experts are scrambling to assess the potential dangers of public rule by a leader with a vast web of private business deals."Join the conversation about this storyNOW WATCH: 'That hypocrisy is also real' ' Jon Stewart takes liberals to task for calling all Trump supporters racist
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