NYT: Trump Wants To Keep Stake In Business But Hand Reins To Sons

Douliery Olivier/Sipa USA USA

Donald Trump does not plan on completely divesting from his businesses, but plans to have his two oldest sons, Donald Trump Jr. and Eric Trump, run his companies, the New York Times reported Wednesday, citing unnamed sources familiar with the discussions.

Ivanka Trump will also likely leave the Trump Organization and is looking into ways to separate herself from her own businesses, according to the New York Times. Ivanka Trump has been the most outspoken of Trump's children on policy issues and has reportedly expressed interest in addressing climate change. Her husband, Jared Kushner, is also close to Donald Trump and has served as a key adviser.

From the Times:

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.

Trump has said that he will make an announcement on Dec. 15 on his plans to leave his businesses.

ABOUT THE AUTHOR

Caitlin MacNeal is a News Writer based in Washington, D.C. Before joining TPM, Caitlin interned and wrote for the Huffington Post, the Sunlight Foundation and Slate. She is a graduate of Georgetown University.
LIKE US ON FACEBOOK