The Trump Organization's New Plan: Limiting Trump's Business Role

The Trump Organization has rolled out a fresh ethics plan aimed at reducing President-elect Donald Trump's involvement in the family business while he serves in the White House. The plan, shared with CNBC, outlines several key changes. Trump will have restricted access to the company's financial details, receiving only general updates. His investments will be managed by his children and independent financial institutions, with no input from him. The company will avoid new significant deals with foreign governments, except for routine ones. It's also pledged to donate profits from foreign governments' stays at its hotels to the U. S. Treasury. Eric Trump, the company's executive vice president, emphasized their commitment to surpassing legal and ethical standards during his father's presidency. They've also hired attorney William Burck as their new ethics advisor.