Following a report from Vanity Fair that Ivanka Trump would be stepping aside from her executive role at the Trump Organization and her eponymous fashion brand, the daughter of President-elect Donald Trump has confirmed these plans in a Facebook post.
Some ethics experts question whether a Kushner's appointment would violate the 1967 federal anti-nepotism statute, which came about after President John F. Kennedy named his brother as attorney general. Although she is taking leaves of absence from the Trump Organization and her signature fashion brand, she is keeping the door open about what will be "the most impactful and appropriate ways for me to serve our country".
Kushner intends to resign from the management positions he now holds, including as CEO of Kushner Companies, publisher of New York's Observer newspaper and positions with other organizations, and will divest from a "significant number" of his assets to comply with government ethics rules, his attorney Jamie Gorelick told CNN.
Selling the company's assets through an initial public offering - making the Trump Organization a public company listed on a stock market - would be a "cumbersome and complicated process" that is "not realistic" and would be "inappropriate", Dillon said.
Kushner has a web of business interests, focused heavily on real estate development. "She will work with a board of trustees to manage the strategic and day-to-day operations of the business; I am confident that under her leadership the company will continue creating smart, solution-oriented product and content", wrote Ivanka.
Kushner and his wife will undertake significant divestments of their wide-ranging financial portfolios as they prepare for their move to Washington from NY and face inevitable questions about a potential conflict of interest. The "kitchen cabinet" are people who are unofficial advisors. "I just think we have the better argument", Gorelick said. Prior to Wednesday's press conference, Pew Research found that a majority of Americans are indeed concerned that Trump will be exposed to potential conflicts of interest.
The OGE also said every modern president has liquidated their assets, established a qualified blind trust, or both.