A lot of money is on the table....
Sons of Trump set to take a firmer grip on the family businessDays after he was indicted on charges including grand larceny and tax fraud, Allen Weisselberg was spotted driving into the Trump Organisation’s gleaming Fifth Avenue headquarters, dutifully reporting for work as he has for the last four decades.
While it looked like business as usual, the Trump Organisation had already started excising its chief financial officer from a myriad of its businesses across the country where he was a director or executive. Dozens of entities tied to the company, from the Mar-a-Lago resort to a Scottish golf course, scrubbed Weisselberg’s name from documents.
The move sidelines the most important person not named Trump at the New York-based organisation, leaving the business – at least on paper – more firmly in the hands of the ex-US president’s sons Donald Trump Jr. and Eric Trump.
It comes at a precarious time for the Trump Organisation, which along with Weisselberg was charged with 15 felony counts in New York. The real estate company is attempting to sell properties including its Washington hotel and navigate more than $US590 million ($789 million) of debt that comes due in the next four years. More than half of that is personally guaranteed by Donald Trump. ...........................
https://www.smh.com.au/business/companies/sons-of-trump-set-to-take-a-firmer-grip-on-the-family-business-20210715-p589u9.html
