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India On Media |
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| Politics
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| Executives Will Run Business Empire |
| Executives Will Run Business Empire With His Children: Donald Trump
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| UNITED STATES OF AMERICA
, 11-December-2016
11:4:12 AM |
| President-elect Donald Trump said in an interview Sunday that his executives would run his business empire alongside his children, pushing back against charges that his vast real estate holdings would pose a conflict of interest for him in the White House.
Trump has said he will leave day-to-day control of his business but has not yet offered details of how he intends to separate himself. He is planning to hold a news conference on Thursday to discuss the future of his company.
In an interview with "Fox News Sunday," Trump said he would not be "doing deals at all."
"My executives will run it with my children. It's a big company, it's a great company. But I'm going to have nothing to do with management," Trump said. He also noted that when he ran for president, "everybody knew that I was a very big owner of real estate all over the world."
But in a sign of how Trump continues to play a role with his company while he fills out his Cabinet, the incoming president said he had turned down "seven deals with one big player, great player, last week because I thought it could be perceived as a conflict of interest."
Since his victory last month, government ethics lawyers have pressured Trump to sell his assets and put the money in a blind trust overseen by an independent manager not related to him. They contend that approach is the only way to avoid conflicts between his sprawling business holdings of roughly 500 companies in more than a dozen countries and his work as president.
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