Donald Trump will withdraw from running his businesses to avoid any perception of conflict of interest when he becomes president. The President-elect tweeted that while it was not a legal necessity, it was a “visually important” move. He said he would be leaving his “great business in total to fully focus on running the country” and that “legal documents are being crafted which take me out of business operations. Mr Trump said he would give more details at a "major news conference” on 15 December.
The Presidency is a far more important task!
President-elect Donald Trump
Critics had argued the billionaire could expose himself to potential conflicts of interest in his new job, such as when pursuing policies that affect corporations. His business empire includes hotels, property and golf courses. Mr Trump also announced more nominations for his cabinet on Wednesday. Steven Mnuchin, a former executive at investment bank Goldman Sachs, has been put forward for secretary of the Treasury. Billionaire Wilbur Ross, another former banker, is in line to be commerce secretary.