NYT: Trump to turn business over to sons but keep stake
The New York Times reports that Trump will keep a stake in his business.
Under a plan now being considered by the Trump family and its lawyers, Ivanka Trump, Mr. Trump’s elder daughter, would also take a leave of absence from the Trump Organization, in the surest sign that she is exploring a potential move to Washington with her husband, Jared Kushner…
The Trumps are exploring what was described by one person briefed on the discussions as a “legal structure” that would give Mr. Trump and his daughter separation from the company. The New York Times spoke to two people involved in the transition process who were granted anonymity to speak candidly about continuing negotiations…
The Office of Government Ethics has told Mr. Trump’s lawyers that only a divestiture would resolve ethical concerns, guidance that was made public in an extraordinary stream of posts on the office’s Twitter feed. Officials with the office did not immediately respond to requests for comment on the plan under consideration.