Talk:The Trump Organization
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Semi-protected edit request on 1 November 2021
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On the Revenue entry on the side bar: Change "US$655 million (Estimate, 2017)" to "US$450 million (Estimate, 2020)"
Crain's New York, the best available source for estimates of Trump Organization revenue (and currently cited on this wiki page), has produced a new analysis here: https://www.crainsnewyork.com/politics/missing-green-golfs-pandemic-surge-skipped-trump-organization
It is written in the same publication by the same author (Aaron Elstein) as the current 2018 citation on the sidebar. Slakmehl (talk) 14:51, 1 November 2021 (UTC)
Article is Wrong, The Trump Organization is a CORPORATION
editMost of this article appears to be referring to the company in the title, "The Trump Organization", which is a gigantic real estate company, and the founded by Fred Trump, which was renamed to "Trump Enterprises", and finally incorporated in 1981 as The Trump Organization [1] which is a NEW YORK CORPORATION. A corporation does not have owners and is its own legal entity, thus the following statement that the company is a group of companies own by Donald Trump is factually inaccurate and cites an interpretation of an undisclosed statement as a reference, which is unreliable. What the document is likely referring to is the holding company "Trump Organization LLC" not "The Trump Organization, Inc.", which was founded 20 years later and likely encapsulates some of the 500 entities mentioned in the letter, but it's impossible to know.
However, if Trump himself is a sole principal of any entity, then The Trump Organization does not own it, it could only be a member and as such, is not a "group". Trump Organization LLC is likely the controlling member of these entities as a holding company, however, the bulk of the wealth and assets herein, is that of The Trump Organization, which is a Corporation of which Trump does NOT own. He does not even hold the majority shares. It should also be listed that the CEO is Eric Trump, he is not a Vice President.
I did not change this since it's in the lede, so I felt it best to open it for discussion here first, but this insinuates Trump owns "The Trump Organization" which is simply untrue and not legally possible, even if he held 100% of the shares, which he doesn't. 14:53, 2 May 2022 (UTC) — Preceding unsigned comment added by OnePercent (talk • contribs)
E. Trump & Son
editThe Trump Organization was not founded in 1927 under the name E. Trump & Son. After the company Trump's father and grandmother ran from 1921 until the early 1930s went out of business,[2] Fred Trump, starting in 1933, ran businesses under numerous names, among them Trump Management.[3][4][5] That's the company where Donald went to work in 1968. His father named him president of the company in 1971 and promoted himself to Chairman of the Board. Donald started using The Trump Organization as an umbrella brand in the Seventies, and the company was incorporated in 1981. Space4Time3Continuum2x (talk) 13:43, 5 May 2022 (UTC)
References
- ^ https://opencorporates.com/companies/us_ny/694908
- ^ D'Antonio, Michael (2015). The Truth About Trump. New York City: St. Martin's Press. p. 31. ISBN 978-1-250-11695-6. Archived from the original on January 14, 2021. Retrieved May 28, 2018.
- ^ Mahler, Jonathan; Eder, Steve (August 27, 2016). "'No Vacancies' for Blacks: How Donald Trump Got His Start, and Was First Accused of Bias". The New York Times. Retrieved January 13, 2018.
- ^ Trump 2020, p. 89.
- ^ Blair 2015, p. 250.
Criminal Enterprise
editShouldn’t the lead mention that the Trump Organization is a criminal enterprise? 2600:1017:B42E:6358:91AB:C2CB:2C53:529F (talk) 12:03, 17 May 2022 (UTC)
Semi-protected edit request on 17 May 2022
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Change paragraph one, sentence one to the following: The Trump Organization is a group of about 500 business entities of which Donald Trump is the sole or principal owner.< 2600:1017:B4A1:AC90:900:C320:C0DC:B425 (talk) 19:40, 17 May 2022 (UTC)
Not done: ― Blaze WolfTalkBlaze Wolf#6545 19:41, 17 May 2022 (UTC)
Semi-protected edit request
editPlease add to see also: Organized crime and add it to organized crime categories. Thanks!! 2600:4040:90C5:8000:E8AF:77FB:855A:FDF0 (talk) 15:11, 20 November 2022 (UTC)
Owner: Donald Trump?
editThe infobox lists the owner simply as "Donald Trump." That strikes me as unlikely. My guess it that the Trump Org is owned by various members of the Trump family, either directly or through a trust. But even if I'm wrong about this, the answer needs to come with a proper source citation. Isaac Rabinovitch (talk) 22:14, 6 December 2022 (UTC)
- It's owned by the Donald J. Trump Revocable Trust, which has Donald Trump Jr. as its sole trustee. In other words, Donald Trump Jr. is the legal owner, and Donald Trump is the beneficial owner. See paragraph 29 of this filing (though probably a more reliable source than an adverse court filing could be found). Toohool (talk) 22:26, 6 December 2022 (UTC)
- Still needs citation. Isaac Rabinovitch (talk) 04:48, 7 December 2022 (UTC)
RfC
editRequest for comment: Should the trump organization be described as a “criminal enterprise” or “crime organization” in the first sentence of the lead?
- Yes. Org has been convicted of 17 charges of criminal conspiracy and fraud. Open and shut case. Add immediately. 2600:4040:90C5:8000:A4EF:DF5D:2BCC:5BE3 (talk) 02:16, 5 April 2023 (UTC)
- Not in those terms. It's a real estate business that has been convicted of crimes, in addition to many other legal trespasses over its history. Something along those lines should be included, but shouldn't be described like the mob unless WP:RS do so. UpdateNerd (talk) 03:32, 5 April 2023 (UTC)
Corporate death penalty
editA New York judge seems to have ordered what is in effect a corporate death penalty for Trump's New York-based businesses. While mentioned in the lede, this is not given any prominence in the article itself. If this plays out as many predict, this would be the end of the Trump Organization in its present form; this really needs its own top-level section. — The Anome (talk) 10:42, 28 September 2023 (UTC)
Article split?
editThis article seems to be about the totality of Trump's business activities. Would it now make sense to split this article into a single article devoted solely to The Trump Organization and its subsidiaries, and a separate article Businesses of Donald Trump to cover the totality of his activities (with this article as the main article for the Trump Organization) that also includes his other activities that are not part of the Trump Organization? — The Anome (talk) 11:18, 28 September 2023 (UTC)
- What other activities? "The Trump Organization" is essentially a synonym for "Donald Trump's business interests". Although this may change as he moves to shelter his assets from the reach of the New York courts, but that's rather crystal ball-ish at this point in time. Toohool (talk) 07:13, 29 September 2023 (UTC)
- @Toohool: So "The Trump Organization" is basically a vague term for whatever businesses Trump says it consists of at any given time, not a specific well-defined corporate entity with subsidiaries? — The Anome (talk) 09:34, 29 September 2023 (UTC)
- Yes, pretty much. The Trump Organization is about 500 business entities, and there doesn't seem to be any formal definition of which entities it includes. Do you have some examples of Trump's business activities that aren't part of the Trump Organization? Also, note that Business career of Donald Trump already exists (and mostly just describes the history of businesses that were part of the Trump Org.). Toohool (talk) 01:22, 30 September 2023 (UTC)
- @Toohool: So "The Trump Organization" is basically a vague term for whatever businesses Trump says it consists of at any given time, not a specific well-defined corporate entity with subsidiaries? — The Anome (talk) 09:34, 29 September 2023 (UTC)
"AXA Financial Center in Manhattan"
editThe article refers to "AXA Financial Center in Manhattan". Which building is this? Is it the Axa Equitable Center at 787 Seventh Avenue, or the building at 1285 Avenue of the Americas, or something else? — The Anome (talk) 07:37, 5 October 2023 (UTC)