Trump Announces He Will Leave Business World to Focus on Presidency

In a flurry of Twitter posts Wednesday morning, President-elect Donald Trump said that he will be announcing his departure from his “great business, in total, in order to fully focus on running the country”.

The billionaire responded to speculation surrounding the potential conflict of interest his position as chairman of the Trump Organization would create during his presidency.

He did not specify how he would withdraw from his business, or if he will be selling his stake in the company. He only vaguely stated that “legal documents are being crafted which take me completely out of business operations.”


Shortly after the series of Tweets, the Office of Government Ethics (OGE), the agency that often deals with presidential transition teams, celebrated Trump’s announcement that he will be fully divesting his stake in the company, although Trump did not directly say it himself.

The OGE’s Tweets, which were posted in the morning, then deleted an hour later only to reappear around 1pm. One of the post read:

“@realDonaldTrump Bravo! Only way to resolve these conflicts of interest is to divest . Good call!”

The Tweets appeared uncharacteristic for the OGE, which often posts in a more serious manner. Former employees expressed surprise that the agency would Tweet about a federal official’s ethical matters.

Trump’s Legacy

Trump also Tweeted that he will be holding a press conference with his children in New York City on December 15th to discuss the terms of his departure from the Trump Organization.

He has voiced in the past that he plans to cede management to his children. This notion is deemed worrisome to ethics advisers as it does not prevent him from being influenced when making presidential decisions.

Trump’s children- Ivanka, Donald Jr, and Eric Trump- already play a key role in his political ventures serving as members of his presidential transition team.

Ivanka, who would likely play a large role in the company, recently sat with Japanese Prime Minister Shinzo Abe in Trump’s first meeting with a foreign leader as president-elect.

While presidents are not bound by law to avoid business ventures or sell their stakes in a company, most presidents in the past few decades have either sold or sequestered their assets to avoid conflict-of-interest during their presidency.