• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

2

Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock

3

Current price of oil as of June 23, 2026

1

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

2

Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock

3

Current price of oil as of June 23, 2026
Leadership

Trump Packs Transition Team with Loyalists and Family

By
Reuters
Reuters
Down Arrow Button Icon
By
Reuters
Reuters
Down Arrow Button Icon
November 12, 2016, 12:01 PM ET
President Elect Donald Trump comes to the U.S. Capitol to meet with Senate Majority Leader Mitch McConnell(R-KY) in Washington, DC.
WASHINGTON, DC - NOVEMBER 10: President Elect Donald Trump, center right, walks through the halls of the U.S. Capitol for a meeting with Senate Majority Leader Mitch McConnell, center left, (R-KY) on November, 10, 2016 in Washington, DC. Accompanying him are his wife, Melania, right, and Vice President Elect Mike Pence, left. (Photo by Bill O'Leary/The Washington Post via Getty Images)The Washington Post The Washington Post/Getty Images
Add Fortune on Google for similar content.

President-elect Donald Trump began laying the groundwork on Friday to take office on Jan. 20, 2017, gathering the most loyal advisers from his insurgent campaign and three of his children to plot his transition strategy.

Trump put Vice President-elect Mike Pence in charge of his White House transition team, while demoting his former transition chief, tarnished New Jersey Governor Chris Christie, to one of the six vice-chair posts.

Daughter Ivanka and sons Eric and Donald Jr. and son-in-law Jared Kushner accounted for a fourth of the 16-member executive committee, which was filled with politicians and advisers who stuck with Trump during his rollercoaster first run for public office.

Aides huddled in the real-estate mogul’s Trump Tower in New York City to begin prioritizing policy changes and considering Cabinet picks and other candidates for the 4,000 positions he will need to fill shortly after he takes the reins of the White House.

A member of the Trump transition team told Reuters there were more than 100 people now involved in developing “white papers” on what regulations to roll back after Jan. 20. Some environmental measures and a rule requiring retirement advisers to act in their clients’ interests could be among the first on the chopping block, an industry lobbying source said.

Why Donald Trump’s Win Establishes a Worrisome Cyber Precedent

Trump promised during his campaign to cut taxes, clamp down on immigration and repeal President Barack Obama’s signature Affordable Care Act, popularly known as Obamacare.

But in interviews with the Wall Street Journal and CBS 60 Minutes on Friday, he said he was open to keeping some provisions of Obamacare.

James Woolsey, a former CIA director who has advised Trump on foreign policy, said several of Trump’s campaign promises were “advocacy of a general direction” that may require compromise—including his signature pledge to build a wall on the border with Mexico.

Woolsey told CNN that border security could be achieved with a combination of fence and wall. “I don’t think we ought to fall on our sword about the difference between a wall and fence. Maybe this will be cheaper because it’s mainly fence, but it’s a good fence. I wouldn’t have any problem with that myself,” he said.

Trump, a billionaire real estate magnate, also moved on Friday to extricate himself from his sprawling business empire, which will be overseen by his three grown children on the transition team.

Don’t Count on Washington to Unite a Divided America

His company said it was vetting new business structures for the transfer of control to the three and the arrangement would not violate conflict-of-interest laws. But government ethics experts said the move would fall short of blind trust standards and was unlikely to prevent potential conflicts of interest.

Trump said that Pence—who has strong ties to Republican leaders in Congress—will build on work done by Christie and has the mission of assembling “the most highly qualified group of successful leaders who will be able to implement our change agenda in Washington.”

Christie, once viewed as a top candidate for attorney general, is dealing with political fallout from the ‘Bridgegate’ lane closure scandal. Former New York mayor Rudy Giuliani is now the leading contender for the top law enforcement job, according to two sources familiar with the discussions.

Trump’s campaign spent relatively little time on transition planning during the campaign, and even his Republican supporters had been bracing for a loss to Democratic rival Hillary Clinton in Tuesday’s election.

“I was on Romney’s transition team, and it was a well-oiled machine months before the election. Now there’s a scramble,” said one Republican source, referring to the party’s 2012 presidential nominee, Mitt Romney.

For more on Trump’s election, watch:

Since Tuesday, dozens of possible cabinet appointees have been floated, from grassroots conservative heroes like Sarah Palin to seasoned Washington hands like David Malpass.

During his campaign, many establishment Republicans condemned Trump’s racially inflammatory rhetoric as well as his attacks on trade deals and the NATO alliance, which could take many traditional names out of the running.

But outgoing Republican Senator Kelly Ayotte—who had distanced herself from Trump at points in her unsuccessful reelection campaign in New Hampshire—was being floated as a potential defense secretary on Friday, the Washington Post reported.

Trump’s relatively small cadre of steadfast supporters is expected to play a prominent role in his administration. Campaign sources say Alabama Senator Jeff Sessions could serve as Defense Secretary, former House Speaker Newt Gingrich might be named as Secretary of State and retired General Michael Flynn could serve as national security adviser.

Those three, along with Giuliani and retired neurosurgeon Ben Carson, were named as vice chairs of the transition team.

President Donald Trump vs. the Media Will Be an Epic Battle

Republican National Committee chairman Reince Priebus is a strong candidate for White House chief of staff, according to sources close to the campaign. Trump campaign CEO Steve Bannon, a conservative provocateur, is also being considered for the job.

As Trump mulled his team, demonstrators hit the streets in major cities for the third straight night to denounce his election and the inflammatory campaign rhetoric on immigrants, Muslims and women. Thousands marched through Miami, Atlanta, Philadelphia, New York and San Francisco as night fell. One protestor was shot in Portland, Oregon.

Trump appears to be leaning toward seasoned Republicans for many economic positions. David Malpass, a former Treasury and State Department official, and Paul Atkins, a former Securities and Exchange Commission official, are guiding the transition team on economic issues.

“This is one area where the most Republican orthodoxy will come out,” said Brandon Barford, a former Republican congressional staffer.

The Trump transition website, www.greatagain.gov, picked up on the tone of legislation aimed at weakening Dodd-Frank financial regulations that was released this summer by Republican chair of the House Financial Services Committee, Jeb Hensarling.

Trump Win Fuels Donations, IUD Demand at Planned Parenthood

Trump’s victory is forcing President Barack Obama to scale back his ambitions for his final months in office. Obama, who is set to meet with key allies from Europe and Asia next week during his final foreign trip, is giving up on a last-ditch attempt to seek congressional approval for the Trans-Pacific Partnership trade deal before leaving office.

Japanese Prime Minister Shinzo Abe, a TPP partner, is slated to meet with Trump next week in New York, and the president-elect also fielded calls from German Chancellor Angela Merkel and French President Francois Hollande on Friday.

But EU Commission President Jean-Claude Juncker had a blunter reaction to the Trump transition. “I think we will waste two years before Mr. Trump tours the world he does not know,” Juncker said on Friday.

About the Author
By Reuters
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Leadership

Now she’s worth $200 million. But Sarah Jessica Parker says being ‘one of eight kids that struggled financially’ growing up created her work ethic
SuccessCareer Advice
Now she’s worth $200 million. But Sarah Jessica Parker says being ‘one of eight kids that struggled financially’ growing up created her work ethic
By Orianna Rosa RoyleJune 24, 2026
2 hours ago
Tesla cofounder JB Straubel’s first pitch to Elon Musk failed. Then he turned his ‘hobby’ into a $1.3 trillion success
SuccessBrainstorm Tech
Tesla cofounder JB Straubel’s first pitch to Elon Musk failed. Then he turned his ‘hobby’ into a $1.3 trillion success
By Rachel VentrescaJune 24, 2026
2 hours ago
The hidden cost of your AI rollout: burning out the high performers running it
Workplace Cultureburnout
The hidden cost of your AI rollout: burning out the high performers running it
By Mikaela Cohen and HR BrewJune 23, 2026
12 hours ago
dr
HealthCancer
The U.S. cut cancer deaths by 34% since 1991—but not in 458 rural counties
By Arthur Cosby and The ConversationJune 23, 2026
15 hours ago
college
SuccessEducation
47% of Harvard seniors admit to cheating — and the problem existed long before ChatGPT
By Austin Sarat and The ConversationJune 23, 2026
15 hours ago
work
Workplace Culturework culture
Worker engagement just hit a decade low — and new data from 88 million employees shows why managers are the problem
By Bob Batchelor and The ConversationJune 23, 2026
15 hours ago

Most Popular

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
Success
After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
By Orianna Rosa RoyleJune 23, 2026
21 hours ago
Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock
Banking
Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock
By Jim EdwardsJune 23, 2026
23 hours ago
Current price of oil as of June 23, 2026
Personal Finance
Current price of oil as of June 23, 2026
By Joseph HostetlerJune 23, 2026
20 hours ago
Meet the 2 men putting New York's $300 billion pension fund in play for the first time in 20 years
Investing
Meet the 2 men putting New York's $300 billion pension fund in play for the first time in 20 years
By Nick LichtenbergJune 22, 2026
2 days ago
Former U.S. Secret Service agent says bringing your authentic self to work stifles teamwork: 'You don’t get high performers, you get sloppiness'
Success
Former U.S. Secret Service agent says bringing your authentic self to work stifles teamwork: 'You don’t get high performers, you get sloppiness'
By Sydney LakeJune 21, 2026
3 days ago
Texas and Charlotte used to build huge McMansions—now they're copying the California design tricks they once mocked
Real Estate
Texas and Charlotte used to build huge McMansions—now they're copying the California design tricks they once mocked
By Sydney LakeJune 22, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.