Trump's pay from Trump Hotels & Casino Resorts during expansion

What happened

1. promise2015-08-06documented

   Trump said corporate bankruptcy law had produced advantageous outcomes for his companies, himself, employees, and family.

   • The American Presidency Project: Republican Candidates Debate in Cleveland, Ohio2015-08-06 · Exchange about Trump-controlled companies' bankruptcy filings
   Read full record
2. action1997-03-28documented

   The annual filing disclosed salary and bonus compensation paid to Trump for the prior business year.

   • U.S. Securities and Exchange Commission: Trump Hotels & Casino Resorts 1996 Form 10-K1997-03-28 · Business, acquisitions, debt, compensation, and related-party sections
   • The New York Times via U.S. House Judiciary Committee record: How Donald Trump Bankrupted His Atlantic City Casinos, but Still Earned Millions2016-06-11 · Pages 2-9: financing, related transactions, bankruptcies, and outcomes
   Read full record
3. outcome1997-03-28documented

   Trump received compensation while the public company carried acquisition debt and shareholder risk.

   • U.S. Securities and Exchange Commission: Trump Hotels & Casino Resorts 1996 Form 10-K1997-03-28 · Business, acquisitions, debt, compensation, and related-party sections
   • The New York Times via U.S. House Judiciary Committee record: How Donald Trump Bankrupted His Atlantic City Casinos, but Still Earned Millions2016-06-11 · Pages 2-9: financing, related transactions, bankruptcies, and outcomes
   Read full record
4. limitation1997-03-28documented

   The compensation was publicly disclosed, and the cited sources do not find the payment unlawful.

   • U.S. Securities and Exchange Commission: Trump Hotels & Casino Resorts 1996 Form 10-K1997-03-28 · Business, acquisitions, debt, compensation, and related-party sections
   Read full record

People and organizations

• Trump Hotels & Casino Resorts public shareholdersaffected party
• Donald Trumpbeneficiary