Showing posts with label business interests. Show all posts
Showing posts with label business interests. Show all posts

Monday, March 6, 2017

The day of Trump toilets and condoms in China may have just ended. Here's why that's controversial; Los Angeles Times, March 6, 2017


Jessica Meyers, Los Angeles Times; 
The day of Trump toilets and condoms in China may have just ended. Here's why that's controversial


"Could Trump benefit from the decision?


Some analysts believe investors, wary about the delicate relationship between China and the U.S., will veer away from anything bearing Donald Trump’s name. But two chief ethics lawyers under former Presidents George W. Bush and Barack Obama argue China could still use Trump’s ties to his family empire to influence policies.
They’re part of a lawsuit filed in federal court in New York that alleges the president’s foreign business connections violate the Constitution.
“We should be seriously concerned about Mr. Trump’s ethical standards,” [Haochen] Sun [director of the Law and Technology Center at the University of Hong Kong and a specialist in intellectual property law] said. “The registration carries the message that Trump is still doing business.”

Monday, November 28, 2016

Congress May Hold Key to Handling Trump’s Conflicts of Interest; New York Times, 11/28/16

Peter J. Henning, New York Times; Congress May Hold Key to Handling Trump’s Conflicts of Interest:
"The key to dealing with conflicts — whether actual or potential — is transparency about any decision that could have an effect on Mr. Trump’s business interests if he decides not to divest his holdings or create a truly blind trust. Unlike the approach of many teenagers, who believe that it is easier to beg forgiveness than permission, in business the advance notice of a potential issue can lessen its impact.
The challenge is coming up with a mechanism for dealing with questions that might arise from Mr. Trump’s business interests rather than relying on the good faith of the parties involved or deflecting the issue with claims that any criticism is only political, especially in foreign countries in which the president-elect has investments, as The New York Times points out...
Some critics have pointed to potential problems Mr. Trump’s business interests could present under the Emoluments Clause of the Constitution. That obscure provision provides that “no person holding any office of profit or trust under them, shall, without the consent of the Congress, accept of any present, emolument, office or title, of any kind whatever, from any king, prince or foreign state.”"

Wednesday, March 16, 2016

Donald Trump's 500 businesses would pose 'unprecedented ethical dilemma'; CNNMoney.com, 3/16/16

David Goldman, CNNMoney.com; Donald Trump's 500 businesses would pose 'unprecedented ethical dilemma' :
"CNNMoney interviewed ethics lawyers who worked for President George W. Bush, presidential candidates Bob Dole, John Kerry, John McCain and Mitt Romney, and New York Mayor Michael Bloomberg. They all said that Trump would have more potential business conflicts than any former president.
Trump has not committed to selling his businesses, and instead he has said many times that his children and executives would manage them.
"This is certainly going to present an unprecedented ethical dilemma if Trump wins," said Kenneth Gross, a partner at Skadden Arps Slate Meagher & Flom, who provided legal assistance to several presidential candidates during their campaigns. "He can't just get amnesia. He's stuck with the knowledge of what he owns."
As president, Trump would not be required to sell any of his investments or businesses. The U.S. Financial Conflict of Interest Statute prohibits unelected officials of the executive branch from holding stakes in assets that would conflict with their ability to properly do their jobs...
But Congress decided not to apply those restrictions to the president or vice president. They have to disclose their holdings, but they don't have to disown them.
So Donald Trump could be president without selling his businesses."