Trump to resign from Trump Organization, but will not divest ownership

President-elect Donald Trump.
(Image credit: Spencer Platt/Getty Images)

President-elect Donald Trump announced Wednesday that he will step down from all positions in the Trump Organization, a response to concerns over the conflicts of interest that could arise from running a global corporation and the United States of America. His sons, Don Jr. and Eric, will run the company along with CFO Allen Weisselberg.

Trump brought piles of folders containing paperwork used to hand over the company as proof of the decision:

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Jeva Lange

Jeva Lange was the executive editor at TheWeek.com. She formerly served as The Week's deputy editor and culture critic. She is also a contributor to Screen Slate, and her writing has appeared in The New York Daily News, The Awl, Vice, and Gothamist, among other publications. Jeva lives in New York City. Follow her on Twitter.