Trump to resign from trump organization, but will not divest ownership

President-elect Donald Trump announced Wednesday that he will step down from all positions in the Trump Organization, a response to concerns over the conflicts of interest that could arise

from running a global corporation and the United States of America. His sons, Don Jr. and Eric, will run the company along with CFO Allen Weisselberg. Trump brought piles of folders

containing paperwork used to hand over the company as proof of the decision: The Trump Organization won't enter into any new foreign deals, with domestic deals to be submitted to

"rigorous vetting." Trump will additionally not be informed of new deals the company makes. SUBSCRIBE TO THE WEEK Escape your echo chamber. Get the facts behind the news, plus

analysis from multiple perspectives. SUBSCRIBE & SAVE SIGN UP FOR THE WEEK'S FREE NEWSLETTERS From our morning news briefing to a weekly Good News Newsletter, get the best of The

Week delivered directly to your inbox. From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox. Trump will not divest

ownership in the Trump Organization, a decision Sheri Dillon, Trump's attorney, explained by claiming that selling the company would "exacerbate" conflicts of interests for a

number of reasons. Additionally, "President Trump should not be expected to destroy the company he built," Dillon said. To avoid accusations of emolument, Trump will donate all

payments made to his businesses by foreign bodies to the U.S. Treasury. Critics have already reacted: "This is wild. They're just focused on not losing money instead of actual

ethical requirements. Banana republic American style. Wild," tweeted Aminatou Sow, the editor-at-large of _Racked_. "Trump today streamlined the process by which foreign

governments can bribe him," said _The Daily Beast_'s Olivia Nuzzi. A free daily email with the biggest news stories of the day – and the best features from TheWeek.com Explore More

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