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Government ethics chief blasts Trump’s business plan as ‘meaningless’

The government’s top ethics monitor sharply criticized President-elect Donald Trump’s plans to avoid conflicts of interest with his business holdings Wednesday, calling the measures “wholly inadequate.”

Earlier in the day, Trump said at a news conference he would hand off running his business to his two adult sons, but will not set up a blind trust or sell off his holdings. In an unusual public response, Office of Government Ethics Director Walter Shaub issued a harsh critique of Trump’s plans during a speech at the Brookings Institution in Washington.

“Stepping back from running his business is meaningless from a conflict of interest perspective,” Shaub said.

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