Kushner to join White House as adviser

Trump's son-in-law stepping down as CEO of family firm

TRD New York /
Jan.January 09, 2017 01:57 PM

Jared Kushner will join his father-in-law’s administration as senior adviser to the president.

The news comes a day after the New York Times reported that Kushner TRData LogoTINY plans to step down as CEO of his family real estate business to focus on the White House. Kushner’s resignation is likely intended to minimize potential conflicts of interest, given the company’s vast real estate holdings and ties to foreign investors.

Mr. Kushner is committed to complying with federal ethics laws, and we have been consulting with the Office of Government Ethics regarding the steps he would take,” Kushner’s attorney Jamie Gorelick told the Times.

President-elect Donald Trump has scheduled a press conference for Wednesday to announce how he will handle his own potential conflicts of interest. CNN reported that observers expect him to announce his daughter Ivanka (Kushner’s wife) will not run the company, presumably leaving it to his two eldest sons, Eric and Donald Jr.

The Real Deal broke down the risk of conflicts of interest and crony capitalism under a Trump administration in November. [CNN]Konrad Putzier


Related Articles

arrow_forward_ios
Make Greenland Great Again? Trump wants to buy Arctic territory

Make Greenland Great Again? Trump wants to buy Arctic territory

Make Greenland Great Again? Trump wants to buy Arctic territory
Hamptons’ priciest summer rental to host MAGA extravaganza next month

Hamptons’ priciest summer rental to host MAGA extravaganza next month

Hamptons’ priciest summer rental to host MAGA extravaganza next month
President Donald Trump and Blackstone CEO Stephen Schwarzman (Trump by Scott Olson/Getty Images; Schwarzman by David Fitzgerald/Sportsfile for Web Summit via Getty Images)

Blackstone boss leads Wall Street charge for Trump

Blackstone boss leads Wall Street charge for Trump
Deutsche Bank CEO Christian Sewing and President Donald Trump (Sewing by Thomas Lohnes/Getty Images; Trump by Drew Angerer/Getty Images)

Deutsche Bank probed in Manhattan DA’s Trump Org investigation

Deutsche Bank probed in Manhattan DA’s Trump Org investigation
President Donald Trump and Manhattan District Attorney Cyrus Vance (Trump by BRENDAN SMIALOWSKI/AFP via Getty Image; Vance by Kevin Hagen/Getty Images)

Trump Org may be focus of broader fraud investigation by Manhattan DA

Trump Org may be focus of broader fraud investigation by Manhattan DA
President Donald Trump (Photo by Doug Mills-Pool/Getty Images; iStock)

Trump says he is “going to stop” evictions

Trump says he is “going to stop” evictions
Senate Minority Leader Chuck Schumer and Senate Majority Leader Mitch McConnell (Schumer by Tasos Katopodis/Getty Images; McConnell by Ting Shen/Xinhua via Getty)

Schumer v. McConnell on SALT: Who’s gonna give?

Schumer v. McConnell on SALT: Who’s gonna give?
From left: Jared Kushner, 715 Park Avenue, Deutsche Bank CEO Christian Sewing, and Rosemary Vrablic (Credits: Kushner by BRENDAN SMIALOWSKI/AFP via Getty Images; 715 Park via Google Maps; Sewing by by Thomas Lohnes/Getty Images; Vrablic by PAUL LAURIE/Patrick McMullan via Getty Images)

Apartment sale to banker for Trump and Kushner probed

Apartment sale to banker for Trump and Kushner probed
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...