Politico Quotes Matthew Sanderson: How Trump Can Keep His Company
Time is running out for Donald Trump to get away from his entangling business interests, and he finally signaled Wednesday morning he’ll try to avoid his administration being mired in endless scandal.
“He’s not ever going to be in the position of President Obama, which is to have a bunch of T bills and index funds and that’s all,” said Matthew T. Sanderson, an attorney with Caplin & Drysdale, who has advised former GOP presidential candidates including John McCain, Rand Paul and Rick Perry. “That just isn’t in the cards. This is about putting Trump in the best possible position and not be bogged down with the continuous drip, drip, drip of conflict stories.”
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For properties that Trump does not own but that rent his name, Sanderson recommended renegotiating the licensing deals for a fixed payout, removing any windfall for Trump if he tries to use his power to benefit those businesses. But if such talks fall through, Trump could buy an insurance policy to flatten out the payments, similar to how Vice President Dick Cheney handled his deferred compensation from oilfield services giant Halliburton before he took office in 2001.
“No credible charge could be leveled that Cheney was actually enriching himself,” said Sanderson. “That’s what I would do. It’s not ideal, but it is a way Trump can lock this down."
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Excerpt taken from the article “How Trump Can Keep His Company” by Darren Samuelsohn and Isaac Arnsdorf for Politico.