CNN Money: What Trump can learn from Rex Tillerson, his secretary of state pick


"It looks like they really attempted to reach an agreement that will take care of a lot of the ethical concerns," Noble said.

The full scope of Tillerson's plan isn't entirely clear yet, Noble added. He stressed that for a trust to be truly blind, Exxon must have no control over the money manager. But Noble is cautiously optimistic. Exxon said Tuesday that the money would be managed "consistent with government ethics rules...

"I don't feel sorry for Tillerson; he's still ending up very well off," Noble said. "But it does show that you do have to change your behavior if you do want to go into the government."

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