tagged w/ War profiteer
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Erik Prince, who founded security contractor Blackwater Worldwide and remained defiant after the company became embroiled in controversy following a deadly 2007 shooting incident in Baghdad, is stepping down as chief executive of the parent company.
Erik Prince
The 39-year-old Mr. Prince will retain his post as chairman but move away from daily oversight of the company he started 11 years ago. The closely held venture earned more than $600 million in revenue last year, with about a third of that coming from a major U.S. State Department contract to protect diplomats in war zones.
"I'm a little worn out by the whole thing, the politics of it all," Mr. Prince said during an interview at the company's headquarters in McLean, Va. "Me not being part of the equation reduces the 'X' on the thing."Erik Prince, who founded security contractor Blackwater Worldwide and remained defiant... more
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