This translation has been automatically generated and has not been verified for accuracy.The move by Donald Trump’s company to strip its top finance chief from several leadership positions less than two weeks after his criminal indictment suggests it is facing a tricky, new business environment as it seeks to reassure lenders and other business partners.
The moves weren’t unexpected, but they mark a possible delicate stage in Trump’s legal fight with the Manhattan district attorney’s office and his efforts to protect his company. Companies will often push out indicted top executives to reestablish trust so they can continue to borrow and strike deals.“This may all be part of them trying to look good to the outside word,” said Daniel R. Alonso, former chief assistant district attorney in the Manhattan district attorney’s office.
“They seem to be threading a needle,” said Daniel Horwitz, a white collar defense lawyer at McLaughlin and Stern. “They want to keep him close so so he doesn’t flip.”Weisselberg was removed as director at Trump International Golf Club Scotland Limited, a company tied to a Trump golf course in Aberdeen, Scotland, according to a U.K. government registry.
Former federal prosecutor Daniel Zalenko notes that companies have plenty of ways of keeping ex-employees happy, including offering generous severance packages and other benefits and agreeing to pay legal fees.
“Trump wasn’t charged in the indictment.” -YET!
D'oh.