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Trump to receive quarterly reports on Trump Organization from Eric Trump, sparking ethics concerns

Eric Trump and President Donald J. Trump (Photo by Jeff J Mitchell/Getty Images)

According to an interview with Forbes, the youngest son of President Donald Trump, Eric Trump, will be filling in his father about quarterly reports for the Trump organization.

Eric Trump, and his brother Donald Trump Jr. took over running the Trump organization after their father was elected president last November. Previously, Donald Trump had stated that he was handing complete control control of the company to his sons, and that they "are not going to discuss with me."

This appears now to have changed, according to Eric.

“There is kind of a clear separation of church and state that we maintain, and I am deadly serious about that exercise,” he says, echoing previous statements from his father. “I do not talk about the government with him, and he does not talk about the business with us. That’s kind of a steadfast pact we made, and it’s something that we honor.”

However, less than two minutes later, Trump revealed that he would indeed be reporting Trump organization finances to his father.

“Yeah, on the bottom line, profitability reports and stuff like that, but you know, that’s about it.” How often will those reports be, every quarter? “Depending, yeah, depending.” Could be more, could be less? “Yeah, probably quarterly.” One thing is clear: “My father and I are very close,” Eric Trump says. “I talk to him a lot. We’re pretty inseparable.”

This of course has sparked criticism over the Trump family's business ethics. Former chief ethics lawyer for George W. Bush, Richard Painter said that "a lot of what they say is malarkey because the president isn’t distancing himself from the business."

“It doesn’t matter how much of the management is being delegated," added Painter. "Things are always delegated in business, down to who the hotel clerk is at the Trump hotel. But at the end of the day, he owns the business. He has the conflicts that come with it.”

Interestingly, a Pew Research poll showed that a larger average of Americans did not believe Trump would actually be completely hands off with the Trump Organization once he took the White House.

That said, Trump had always intended to stay involved with the business after his Presidency, saying at a January press conference, “I hope at the end of eight years I’ll come back and say ‘Oh you did a good job.’ Otherwise, if they do a bad job, I’ll say, ‘You’re fired.’”

One last thing…
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