During a raucous political news conference that was unusually heavy with tax law theory, Donald Trump and Morgan, Lewis & Bockius partner Sheri Dillon outlined Wednesday how the president-elect would distance himself from his companies.
In short, the lawyers plan to help Trump move his business assets to a trust, shift company leadership to his two adult sons and a third corporate executive, and add both a management-level ethics adviser and a chief compliance officer to the company. Dillon also said Trump’s companies, known collectively as the Trump Organization, would make no new foreign deals during his time in office.
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