Instead of divesting his hotels, golf courses, office buildings and other assets, Trump will create a trust for his Trump Organization holdings and turn over management to his sons, Donald Jr. and Eric. Ethics experts questioned whether the steps Trump outlined would significantly reduce the potential for conflicts of interest. Trump, in a raucous exchange with reporters, said he does not believe the public cares much about his business dealings. To deal with those issues, Dillon said Trump would resign from any positions with his companies and turn over control to his sons and a company vice president, Allen Weisselberg. While the company will do no new foreign deals while Trump is president, domestic deals will still be permitted but only after written approval from a new ethics officer who will work for the Trump company, she added.

Source: Los Angeles Times January 11, 2017 18:29 UTC