But Mr. Trump has the final say on most deals, especially those involving his own money.
He has signed the licensing agreements, the leases — and the big checks. And the tangle of limited liability companies used to structure all of his deals revolve around a single point of power: Mr. Trump. As one former executive described it, the company is the “hub of a wheel, and he’s in the middle.”
The company adheres to few formal corporate guidelines or procedures.
When determining whether and how to enter business partnerships, nothing is decided by established committee, or through written recommendation by the children, Donald Trump Jr. explained in the 2011 deposition in the Florida case.
“Other companies can operate like bureaucrats” Mr. Tiah said. “They’re not like that.”
Even so, the executives are known for playing tough.
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