Friday, November 18, 2016

WSJ : TRUMP SHOULD LIQUIDATE HIS HOLDINGS

What an excellent, excellent idea!

And note the source of the suggestion : Murdoch.

The Wall Street Journal editorial page says President-elect Donald Trump should liquidate his stake in the family business.

"One reason 60 million voters elected Donald Trump is because he promised to change Washington's culture of self-dealing, and if he wants to succeed he's going to have to make a sacrifice and lead by example," the paper said in an editorial Friday.

The president is exempt from most conflict of interest laws. But the leading conservative newspaper, owned by Rupert Murdoch's News Corporation (NWS), said Trump's business dealings will present a political problem because of "constant media scrutiny."

The Journal referenced the effort by Ivanka Trump's jewelry company to promote a $10,800 bracelet that she wore during an interview with CBS (CBS)'s "60 Minutes." The editorial characterized it as the beginning of "media catcalls."

With stakes in more than 500 companies around the world, Trump has more potential conflicts of interest than anyone ever elected president. He has said that he will turn the businesses over to his children, who have also been political advisers to him.



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