Displaying items by tag: Conflict of interest

The director of the US office of government ethics has criticised Donald Trump's plan to hand control of his business empire to his sons before his inauguration next week. Walter Shaub said that the plan does not match the standards of US presidents over the last forty years, and would not remove conflicts of interest. ‘Every president in modern times has taken the strong medicine of divestiture’, he said, referring to a process whereby Mr Trump would sell off his corporate assets and put the profits into a blind trust run by an independent trustee. The Trump Organisation is an umbrella company for his hundreds of investments in real estate, brands and other businesses. Another problem for the president-elect is the huge and very public rift between himself and the US intelligence community, over its recently-published conclusion that the Kremlin sought to support Trump’s election. Neither side is likely to back off and both may come out damaged. See: