By — Stephen Braun, Associated Press Stephen Braun, Associated Press Leave your feedback Share Copy URL https://www.pbs.org/newshour/politics/u-s-ethics-chief-blasts-trump-plan-keep-business-profits Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter U.S. ethics chief blasts Trump plan to keep business profits Politics Jan 11, 2017 5:47 PM EDT WASHINGTON — The director of the federal government’s ethics agency is blasting president-elect Donald Trump’s plan to maintain his business empire by turning it over to his sons instead of selling off all his corporate assets and placing remaining profits in a government-approved blind trust. U.S. Office of Government Ethics Director Walter Shaub said Tuesday that Trump’s solution to a potential cascade of ethics conflicts spurred by his global business holdings breaks 40 years of precedent by presidents from both parties. Shaub, a 2013 Obama appointee, openly pleaded with Trump to reconsider his plan before his inauguration. Shaub said Trump should agree to “divestiture,” a process under which he would sell his corporate assets and place the profit in a blind trust administered by a neutral trustee approved by the OGE WATCH: Some Trump nominees missing crucial ethics paperwork as confirmation hearings begin By — Stephen Braun, Associated Press Stephen Braun, Associated Press
WASHINGTON — The director of the federal government’s ethics agency is blasting president-elect Donald Trump’s plan to maintain his business empire by turning it over to his sons instead of selling off all his corporate assets and placing remaining profits in a government-approved blind trust. U.S. Office of Government Ethics Director Walter Shaub said Tuesday that Trump’s solution to a potential cascade of ethics conflicts spurred by his global business holdings breaks 40 years of precedent by presidents from both parties. Shaub, a 2013 Obama appointee, openly pleaded with Trump to reconsider his plan before his inauguration. Shaub said Trump should agree to “divestiture,” a process under which he would sell his corporate assets and place the profit in a blind trust administered by a neutral trustee approved by the OGE WATCH: Some Trump nominees missing crucial ethics paperwork as confirmation hearings begin