6/21/2018

BUSINESS/JARED KUSHNER/TRUMP FAMILY: “The Trumps and the Kushners are parting ways — not the White House power couple Ivanka Trump and Jared Kushner, but their family businesses on hotel collaborations in New Jersey, according to people briefed on the situation. Kushner Companies and the Trump Organization recently dropped plans for the Trumps to manage an oceanfront hotel that the Kushners are building at the Jersey Shore. The companies also terminated an arrangement that had the Trumps managing a hotel outside New York City in Mr. Kushner’s childhood hometown, Livingston, N.J. Ethics watchdogs had taken aim at President Trump and Mr. Kushner, the president’s senior adviser and son-in-law, for retaining stakes in their family businesses while the companies were financially entangled in New Jersey. The families’ dealmaking, the watchdogs suggested, could have influenced Mr. Trump’s judgment about Mr. Kushner’s role in the administration. And Bobby Burchfield, the Trump Organization’s outside ethics adviser, had also asked questions about the potential collaboration with the Kushners on the Jersey Shore property.”

-Ben Protess and Steve Eder, “Trumps and Kushners Cut Ties on Hotel Deals That Raised Eyebrows,” The New York Times online, June 21, 2018