Donald Trump Sold All His Stockholdings in June
December 07 2016 - 1:50AM
Dow Jones News
President-elect Donald Trump sold all of his stockholdings in
June, a transition spokesman said, removing himself from positions
in numerous U.S. companies.
The revelation came on Tuesday from Jason Miller, a spokesman
for Mr. Trump, during a phone call with reporters. He was asked
about Mr. Trump's past holdings in Boeing Co., a company the
president-elect had criticized earlier in the day for what he
alleged were high costs for the next Air Force One.
"The President-elect sold all of his stock back in June," Mr.
Miller said. He subsequently clarified he was referring broadly to
all of Mr. Trump's stock, not Boeing specifically.
Mr. Trump had at least two brokerage accounts that held roughly
150 separate corporate stock and bond investments, according to a
filing he submitted to the U.S. Office of Government Ethics in May.
These included investments in a wide range of well-known companies,
including Amazon.com Inc., Apple Inc., Boeing and Visa Inc.
Mr. Trump has a number of investments, including real estate
properties, around the world. Some critics have alleged that parts
of his portfolio could pose conflicts of interest, based on
policies pursued once in the White House or moves by companies or
foreign governments to try to curry favor.
Liquidating his stock portfolio could alleviate some of those
concerns, but House Democrats have pressed for more information
about how he will manage his real estate holdings.
Mr. Trump is expected to talk more about his business
investments at a Dec. 15 press conference. He has said he would be
turning over the operations of the Trump Organization to his adult
children, though he hasn't provided more details about how this
will work.
Mr. Trump also hasn't said whether he would sell his stake in
the Trump Organization or transfer that stake to his children
before he begins his presidency on Jan. 20.
Write to Damian Paletta at damian.paletta@wsj.com
(END) Dow Jones Newswires
December 07, 2016 01:35 ET (06:35 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
Boeing (NYSE:BA)
Historical Stock Chart
From Aug 2024 to Sep 2024
Boeing (NYSE:BA)
Historical Stock Chart
From Sep 2023 to Sep 2024