Donald Trump is next US President; now who will run his business?
A number of doubts and question have been raised immediately after Donald Trump elected as the next president of United States. One of them was obviously about the Trump’s business empire, the curiosity to know who will run his business now. Having a president elect who claimed he will run the country like a business, the question is whether he can look after his business while sitting in the Oval office.
The answer is- Trump can legally run the country and his own business at the same time, and even promote policies that support his business interests, reports reveals. According to the US law, it’s not mandatory for President to stay away from his personal interests, though historically presidents have avoided these conflicts of interest.
The Trump Organization owns real estate, hotels, resorts, residential towers, and golf courses in different countries and has interests in real estate development, investing, brokerage, sales and marketing, and property management, among others. Currently, Trump serves as chairman and president of international conglomerate, while his three children Donald Trump Jr., Ivanka Trump, and Eric Trump, are serving as executive vice presidents. Moreover, according to media reports, Trump serves as an executive for more than 500 companies.
According to reports, former Presidents of America, except Obama, had put their assets into bind trust to avoid the appearance of a conflict of interest. Barack Obama rejected the approach since most of the first family’s money was invested in plain vanilla U.S. Treasury bonds.
However, Trump earlier said that he won’t put his business empire into a blind trust to avoid any conflicts of interest if he’s elected president, but will let his children to run the business.
“Well, I don’t know if it’s a blind trust if Ivanka [Trump], Don [Trump Jr.] and Eric [Trump] run it,” Trump said during a GOP debate.
“I don’t know. But I would probably have my children run it with my executives and I wouldn’t ever be involved because I wouldn’t care about anything but our country, anything,” he added.
Since there is no obligation to follow similar procedure, Trump’s decision would be something that the world has to look forward. Even if he lets the children to run his business, his policies will definitely be under scanner as it would turn in line with his business interests.