By turning the operations of the company over to family and executives while retaining full ownership, Trump leaves himself open to charges that his decisions as president are calculated to benefit his own financial well-being. There will be no blind trust, a setup where Trump would not know what he owns. Instead, he will know exactly what assets he has turned over to his family to run. Although he has announced that the company will not do “new” foreign deals, he will know exactly which existing foreign deals will be affected by administration actions and international incidents, and so will foreign officials looking to influence the president. Nothing Trump said Wednesday appears to address the existing foreign business operations of his organization, which will continue to present potential conflicts of interest. Further, the companies are free to pursue new business arrangements in the United States, which may put them in contact with federal agencies and state regulatory bodies, as well as investors seeking influence in Washington. For example, golf course developments may be regulated by the Environmental Protection Agency or the U.S. Army Corps of Engineers, both of which report to the president. Appointing an “ethics official” at the Trump Organization does nothing to solve this problem: The issue is less about what the company does and more about what President Trump and his administration do to advance the company’s known (and some publicly unknown) worldwide interests.