''a situation in which a person is in a position to derive personal benefit from actions or decisions made in their official capacity.
By electing Trump the United States has inherited an unique problem which has not happened in a democracy before. Usually all democratic leaders are either ideologues or claim to be one with apparent benefits from corporates post their official capacity . Trump on the other hand is a billionaire first and then had a side mission to become a president which suddenly became his main storyline.
How much does he love money? - Well he is more protective of maintaining is billionaire credentials than the fear of being called a misogynist, racist , bigot among other things. Why do you think Trump is still refusing to disclose his tax returns. How insecure an individual must be on the fear of being disclosed as a millionaire rather than a billionaire.
For Trump showcasing his economic success is everything. Given all that how important is the presidency for him ?
Look at the article from politico below
Bahrain to host event at Trump's D.C. hotel, raising ethical concerns
Ethical dilemmas existed even before Trump was
elected. But the president-elect hasn’t taken any actions to ease
concerns.
Bahrain has just booked at Donald Trump's new Washington hotel.
As ethics lawyers warn about potential conflicts of interest facing the billionaire businessman's presidential administration, the kingdom reserved space for a reception at the president-elect's flagship property less than a mile from the White House, according to an invitation from the country's embassy obtained by POLITICO on Tuesday.
On the occasion of the forty fifth national day of the Kingdom of Bahrain and the seventeenth anniversary of his majesty King Hamad bin Isa Al Khalifa’s accession to the throne,” the invitation begins, “Ambassador Abdulla Al Khalifa cordially invites you to a national day reception on Wednesday, December 07, 2016 from 12:00 to 2:00 PM.”
A Trump International Hotel representative declined to confirm the details of the event. “It’s always been a policy of Trump that we never ever discuss individual guests or groups in the hotel,” the sales and marketing official told POLITICO.
News of the reception drew an immediate rebuke from Richard Painter, one of several legal experts who has been sounding alarms over the possible conflicts presented by the unprecedented scope and scale of the incoming president's business interests.
Painter, President George W. Bush’s chief ethics lawyer, said a foreign government making payments to Trump’s businesses while he is president would violate a provision of the Constitution called the foreign Emoluments Clause.
The clause bars officials from accepting gifts from foreign powers without congressional approval, Painter said, adding that a diplomat staying at a Trump hotel to get in his good graces would qualify as one.
Whether the Bahrain reception, set to take place a month before Trump’s inauguration, would violate the Constitution depends on whether the payments are made before or after Jan. 20, Painter argued. Regardless, he maintained that it raises serious concerns, and the only solution is for Trump to sell the hotel — either to his children or another buyer.
“The point is, this is not where we want to go,” Painter said. “This is a concern. This is not where we want to go.”
Next week’s event won’t be the first example of the blurred lines between the president-elect and the businessman who has yet to relinquish his business empire, though.
Roughly 100 foreign diplomats drank Trump-branded champagne at Trump International Hotel earlier this month as they took in a sales pitch about the hotel, according to a Washington Post report published Nov. 18.
But the ethical dilemmas existed even before he was elected president. And Trump — who still hasn’t released his tax returns and is the target of Democrats in Congress who are requesting a review of his financial arrangements for possible conflicts of interest before he’s sworn in as president — hasn’t taken any actions to ease such concerns.
Before Trump’s election, Filipino President Rodrigo Duterte had already named Jose Antonio, Trump’s business partner, a special envoy to Washington for trade, investment and economic affairs. Antonio’s company, Century Properties Group, is building a $150 million, 57-story Trump Tower apartment building in Manila.
And in India, Trump’s business partners — Pranav Bhakta and Atul Chordia — are developing a pair of 23-story Trump Towers buildings in Pune. The two met with Trump at Trump Tower in New York after his election.
In an interview with New York Times reporters and editors last week, Trump said “the law is totally on my side” because, as president, he’s exempt from conflict-of-interest policies that apply to lower-level officials.
“Despite that, I don't want there to be a conflict of interest anyway,” Trump said then. “And I understand why the president can’t have a conflict of interest now because everything a president does in some ways is like a conflict of interest, but I have, I’ve built a very great company and it’s a big company and it’s all over the world.”
Trump has promised to turn over control of his company to his adult children, but has yet to provide any details or timeline for how this might work.
And even as he continues to speak with foreign leaders and hold daily meetings with current and former elected and administration officials as he works to fill out his government, he still holds meetings with business leaders and has his adult children take part in both realms.
But what penalty, if any, would face President Trump is unclear. Experts generally agree that the mechanism for enforcing the conflict-of-interest clause would be impeachment, which is unlikely given the makeup of Congress. But Painter suggested that electors who will formally cast ballots for president next month could demand that Trump assure them he will eliminate payments from foreign governments as a condition of voting for him.
“At some point, he has to be told to follow the Constitution,” Painter said, adding that Trump is “just wrong” to think a president can't have a conflict of interest.
“If he thinks he’s above the law,” Painter warned, “he’s going down a very dangerous path.”
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