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View Full Version : Unprecedented potential conflicts for President-elect Trump



Hans
11-10-2016, 07:31 AM
Donald Trump has more potential business conflicts than anyone ever elected president.
He has stakes in more than 500 companies.

Whether he keeps or cedes them before he takes office in January is a question legal experts say is mired in ethical problems and lacking in definitive answers.

Trump used his presidential campaign to promote his business interests, like a speech at a Washington hotel two weeks ago and a primary night press conference at his Mar-a-Lago club in Florida. He owns or sells his name to properties around the world.

He never committed to selling any of them if he became president. Nor would he have to, according to federal code.

"The law didn't contemplate having someone with these types of financial entanglements," said Kenneth Gross, a partner at the law firm Skadden, Arps, Slate, Meagher & Flom who has provided legal assistance to several presidential campaigns.

Many of Trump's properties are physical entities, like golf courses or hotels. Even if he turned over management or put them in a trust, it would be impossible for him to separate his decisions from his interests, Gross said.

Creating a national park or closing a federal prison near a Trump property would make money for Trump, no matter who was running the property.

http://money.cnn.com/2016/11/09/news/companies/donald-trump-president-business-conflicts/index.html

This is one thing I have always wondered about, how this would practically work.