Erik Prince Resigns as Blackwater CEO

West Michigan Native Erik Prince has Resigned as Blackwater CEO

Erik Prince–the West Michigan native who founded the private mercenary company Blackwater using money from the Prince family fortune–has resigned as CEO of the infamous company.

Prince announced that he will no longer be CEO of the company, instead he has appointed a new president. Prince will stay on as Chairman but will no longer oversee day-to-day operations.

Blackwater recently rechristened itself “Xe” and is in the midst of a rebranding and restructuring effort following the loss of its coveted State Department contract in Iraq and the continued negative publicity following the shooting of 17 Iraqi civilians in 2007.

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Author: mediamouse

Grand Rapids independent media // mediamouse.org

1 thought on “Erik Prince Resigns as Blackwater CEO”

  1. I haven’t read any other commentary on this, but here’s what I think given the information from this article and the Google News/AP article.

    This seems like a positive thing, considering the fact that Prince’s leaving is directly related to increasing public revulsion at Blackwater’s terms of contract and massacring of innocent civilians during the war on Iraq.

    That said, this doesn’t change any of the fundamental problems with private security firms fighting wars and protecting important folks. No matter how much “restructuring” takes place and how new agey Blackwater tries to portray itself (“Xe”?!? Really?!?), corporations fighting wars isn’t something that can be made okay.

    They should at least have the decency to go back to using governments as proxies.

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