During his press conference today, President-Elect Donald Trump announced that he is signing over his business interests to his sons Donald Jr. and Eric as his lawyer explained plans to “isolate” him from his business dealings.
“I hope at the end of eight years I’ll come back and I’ll say, ‘Oh you did a good job,'” Trump said of his sons’ management skills. “Otherwise, if they do a bad job I’ll say, ‘You’re fired.'”
Daily Mail reported that Trump then brought lawyer Sheri Dillon to the stage so that she could explain his financial dealings in detail. Meanwhile, the president-elect pointed to a large stack of manilla envelopes that he had placed next to the podium.
“These papers are just some of the many documents that I’ve signed, turning over complete and total control to my sons,” Trump said before he reminded reporters that conflict of interest laws probably don’t apply to him. “Again, I don’t have to do this.
Dillon told reporters that it was her job to “design a structure that would completely isolate [Trump] from the management of the company.”
“As you know the business empire built by President-elect Trump over the years is massive, not dissimilar to the fortunes of Nelson Rockefeller when he became vice president,” she said. “But at that time no one was so concerned.”
Dillon said that Trump has relinquished leadership and management and resigned from every business position that he had held. She added that his daughter Ivanka Trump, whose husband Jared Kushner has been officially named as a White House senior adviser, has also left the family business.
“As she and Jared move their family to D.C. Ivanka will be focused on settling her children into their new home and their new schools,” Dillon said.
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