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---
title: Donald Trump Conflicts of Interest Concern Not Unprecedented
description: The point has been made that "no one was so concerned" about Vice President Nelson Rockefeller's fortune, but TIME's archive shows otherwise
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author: Lily Rothman
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article:published_time: 2017-01-11T17:40:06.000Z
article:modified_time: 2024-01-24T12:13:35.000Z
article:section: History
og:title: Actually, Nelson Rockefeller's Fortune Was Scrutinized Too
og:description: Nelson Rockefeller's wealth did cause concerns when he became VP
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twitter:title: Actually, Nelson Rockefeller's Fortune Was Scrutinized Too
twitter:description: Nelson Rockefeller's wealth did cause concerns when he became VP
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![](https://static.time.com/v3/assets/bltea6093859af6183b/bltba1ebc324a3b463a/6988b51e0b72e378996ec3b1/trump.jpeg?branch=production&width=1200&quality=75&auto=webp&crop=16:9)


# Actually, Nelson Rockefeller's Fortune Was Scrutinized Too

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<!-- video src="https://cdn.jwplayer.com/manifests/SPuibc6H.m3u8" -->
## Video: Donald Trump's First News Conference Since Presidential Election

[Watch (HLS stream): Donald Trump's First News Conference Since Presidential Election](https://cdn.jwplayer.com/manifests/SPuibc6H.m3u8) (2:17)

![Donald Trump's First News Conference Since Presidential Election](https://cdn.jwplayer.com/v2/media/SPuibc6H/poster.jpg?width=720)

_Published 2017-01-11. President-elect Donald Trump on Wednesday denied and denounced an unsubstantiated report that said Russia had compromising information about him, calling it an “absolute disgrace” during the first news conference he has hosted in about six months._


![Lily Rothman](https://static.time.com/v3/assets/bltea6093859af6183b/bltd8eb1311b7067f39/698a1248b21a9c0e12504068/Rothman-headshot.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1:1)

by 

[Lily Rothman](https://time.com/author/lily-rothman/)


![Lily Rothman](https://static.time.com/v3/assets/bltea6093859af6183b/bltd8eb1311b7067f39/698a1248b21a9c0e12504068/Rothman-headshot.jpg?branch=production&width=96&quality=75&auto=webp)

## Lily Rothman


Rothman is managing editor at TIME.

Updated: Jan 24, 2024 12:13 PM UTCPublished: Jan 11, 2017 5:40 PM UTC

![Lily Rothman](https://static.time.com/v3/assets/bltea6093859af6183b/bltd8eb1311b7067f39/698a1248b21a9c0e12504068/Rothman-headshot.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1:1)

by 

[Lily Rothman](https://time.com/author/lily-rothman/)


![Lily Rothman](https://static.time.com/v3/assets/bltea6093859af6183b/bltd8eb1311b7067f39/698a1248b21a9c0e12504068/Rothman-headshot.jpg?branch=production&width=96&quality=75&auto=webp)

## Lily Rothman


Rothman is managing editor at TIME.

Updated: Jan 24, 2024 12:13 PM UTCPublished: Jan 11, 2017 5:40 PM UTC

In a [press conference](http://time.com/4631349/donald-trump-news-conference-russia/?xid=homepage) on Wednesday, President-elect Trump brought attorney Sheri Dillon forward to speak to the point of how he will avoid [potential conflicts of interest ](http://time.com/4578431/donald-trump-conflicts-of-interest-list/)between his business interests and his role as President of the United States.

His business empire is “not dissimilar to the fortunes of Nelson Rockefeller when he became Vice President,” she noted, “but at that time no one was so concerned.”

In fact, though Rockefeller’s wealth did not ultimately prove an obstacle for his service as Vice President under Gerald Ford, TIME’s archives show that plenty of people were concerned that his fortunes might pose a problem.

Rockefeller’s arrival in the office of Vice President came about in an unusual way, after Gerald Ford became President following Richard Nixon’s resignation in 1974\. That circumstance left the vice presidency open, and Ford [selected](http://time.com/vault/issue/1974-09-02/page/24/) Rockefeller, a former New York Governor, to fill the job. Because of those circumstances, Rockefeller had to testify before the Senate before he could be confirmed as VP. As TIME [reported](http://time.com/vault/issue/1974-10-07/page/33/), the influence of his money was a major concern among the Senators present:

---

> “”

---


[_Get your history fix in one place: sign up for the weekly TIME History newsletter_](http://time.com/newsletter)

In particular, gifts that Rockefeller had given over the years were seen as coming “perilously close to violating New York State’s conflict-of-interest laws,” as TIME [put it](http://time.com/vault/issue/1974-10-21/page/22/) in October of 1974.

Rockefeller was eventually given the Congressional O.K.—though his wealth was the [primary concern ](http://time.com/vault/issue/1974-12-23/spread/12/)among those who did not support the confirmation. He became Ford’s Vice-President, a position he served in until two years before his 1979 death.


## Transcript

As far as hacking, I think it was Russia. But I think we also get hacked by other countries, and other people. Hacking's bad, and it shouldn't be done. But look at the things that were hacked, look at what was learned from that hacking. I saw the information, I read the information outside of that meeting. It's all fake news, it's phony stuff. It didn't happen, and it was gotten by opponents of ours. I have no dealings with Russia. I have no deals in Russia. I have no deals that could have been in Russia because we've stayed away. And I have no loans with Russia. Does anyone really believe that story?

I'm also very much of a germaphobe, by the way. My two sons who are right here, Don and Eric, are going to be running the company. They are going to be running it in a very professional manner. They're not gonna discuss it with me. I'll be making the decision on who we will put up for Justice of the United States Supreme Court. A replacement for the great great Justice Scalia. That will be probably within two weeks of the 20th. I don't feel like waiting a year or a year and a half. We're gonna start building. Mexico in some form, and there are many different forms, will reimburse us. And they will reimburse us for the cost of the wall.

That will happen. Whether it's a tax, or whether it's a payment, probably less likely that it's a payment. Well I'm not really seeing the tax returns, cuz as you know they're under audit. [ INAUDIBLE ] G I have never heard that. Ooh the G I have never heard that. I have never heard that. You know the only one who cares about my tax returns are the reporters okay. They are the only ones. No I dont think so. I won. I mean I became president. Go ahead. No not you. Not you your organisation is terrible. Your organization's terrible, let's go. Sir, sir. Go ahead. Quiet, quiet. Go ahead, she's asking a question, don't be rude.

Can you give us a question? Don't be rude. Can you give us a question? Don't be rude, no I'm not going to give you a question. You are fake news. Go ahead.

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