Trump compensation during casino expansion

1997-03-28

Trump compensation during casino expansion

unresolved

Promised: 2015-08-06Trump said corporate bankruptcy law had produced advantageous outcomes for his companies, himself, employees, and family.Open cited record · 1 source
The record: 1997-03-28The annual filing disclosed salary and bonus compensation paid to Trump for the prior business year.Open cited record · 2 sources1997-03-28Trump received compensation while the public company carried acquisition debt and shareholder risk.Open cited record · 2 sources
Who gained: Donald Trump
Who paid: Trump Hotels & Casino Resorts public shareholders
Audit finding: unresolved
The filing documents personal compensation from the public company while shareholders and creditors bore the company's operating risk; it does not establish that the compensation violated law.
Causal strength: documented mechanism

Evidence chronology

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
Open underlying ledger entry
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
Open underlying ledger entry
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
Open underlying ledger entry
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
Open underlying ledger entry

Responses, legal status, contrary evidence, and limitations

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