Blackwater Founder Cutting Ties With Company

The man who built Blackwater USA into one of the world's most respected and reviled defense contractors will no longer be involved in the company's operations.

A spokeswoman for the company, now called Xe, said Wednesday that Erik Prince will relinquish involvement in its day-to-day operations and give up some of his ownership rights. Prince had appointed a new president and chief operating officer in a management shake-up earlier this year.

Spokeswoman Stacy DeLuke says Prince felt he was "constantly being thrown under the bus" after serving the country for years. Prince's company did years of work for the government but has been dogged by a series of federal investigations into its work.

Vanity Fair magazine was first to report Prince's feelings about his treatment.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus

275 E. Arlington Blvd. Greenville, NC 27858 252-439-7777
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 78326017 -
Gray Television, Inc.