President-elect Donald Trump will not manage the day-to-day operations of the Trump Organization during his presidency, according to an ethics plan released Friday. The company will avoid new contracts with foreign governments but will not restrict foreign deals with private companies, a shift from practices during Trump’s first term. Trump’s investments will remain in a trust his children manages, with oversight from ethics adviser William Burck. Trump will have limited access to the Trump Organization's financial details, restricted to general business updates rather than specific asset performance.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02President-elect Donald Trump will not manage day-to-day operations of the Trump Organization
00:05during his presidency, according to an ethics plan released Friday.
00:09The company will avoid new contracts with foreign governments but not restrict foreign
00:12deals with private companies, a shift from practices during Trump's first term.
00:16Trump's investment will remain in a trust managed by his children, with oversight from
00:20ethics advisor William Burke.
00:22Trump will have limited access to the Trump Organization's financial details, restricted
00:26to general business updates rather than specific asset performance.
00:29For all things money, visit Benzinga.com slash GSTV.