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John D. Rockefeller IV

Trump says he'll turn over his company to his sons, but ethics questions persist

Trump says he'll turn over his company to his sons, but ethics questions persist

President-elect Donald Trump said Wednesday he won’t be selling his company, virtually ensuring that his administration will continue to face questions about potential conflicts between his public duties and private interests.

Instead of divesting his hotels, golf courses, office buildings and other assets, Trump will create a trust for his Trump Organization holdings and turn over management to his sons, Donald Jr. and Eric.

Trump will have nothing to do with any decisions involving the company, and it will avoid any foreign deals while he is president, said Sheri A. Dillon, a lawyer for Trump who outlined the plan during a news conference the...

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