Tag: organization

Unlike Companies Traded On Wall Street – Trump Organization Indictment Hints At Downsides Of Having No Independent Oversight
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Unlike Companies Traded On Wall Street – Trump Organization Indictment Hints At Downsides Of Having No Independent Oversight

Bert Spector, Northeastern University A Manhattan grand jury indicted the Trump Organization and one of its top executives, Chief Financial Officer Allen Weisselberg, reportedly over a failure to pay taxes, according to multiple reports. The indictment is expected to be unsealed on July 1, 2021. I’m a scholar in corporate leadership and governance. While I can’t comment on the specifics of the case, I do know that private companies like the Trump Organization lack the safeguards of public corporations – like outside ownership and independent oversight. Moreover, impulsive decision-making by an individual or small, isolated group of followers, without those safeguards, can and often will lead to disastrous results. That appears to be what the ongoing criminal investigations into the Tru...