By RICHARD W. PAINTERJAN. 12, 2017
On Wednesday, President-elect Donald J. Trump finally announced his
plans to “separate” himself from his global business empire when he
assumes the presidency next Friday. His plans were announced in the
midst of worrisome news around the world, including renewed terrorist
attacks in the Middle East, rising tensions in the South China Sea and
Mr. Trump’s belated admission that the Russian government had conducted
espionage activities inside the United States.
This was his moment to announce a plan to separate himself from
ownership interest in his global business empire. It was his final
chance to disclose the identity of, and unwind his relationships with,
his business partners and creditors around the globe.
The plan Mr. Trump announced on Wednesday does none of these things. As
expected, he continues to refuse to release his tax returns, even though
many of his cabinet nominees will have to disclose theirs in order to
get confirmed by senators skeptical of, among other things, foreign
business entanglements. He also did not announce a divestment of
ownership interest in his businesses, even though this is a step that
his own cabinet appointees will have to take in order to comply with a
federal conflict of interest law.
Instead, Mr. Trump will simply turn management of the businesses over to
a trustee chosen by him, and to two of his sons, Donald Jr. and Eric.
This is not a separation at all, and from a conflict of interest vantage
point, it won’t work.
https://www.nytimes.com/2017/01/12/opinion/trumps-business-separation-plan-does-nothing-of-the-kind.html?_r=0
Richard W. Painter, a professor at the University of Minnesota Law
School, was the chief White House ethics lawyer from 2005 to 2007.
ATTENTION, knuckle-dragging deplorables: that was during the G.W. Bush
administration.