Founder and CEO of Blackwater, Erik Prince is cutting ties with the company. A spokeswoman for the company said today that Prince will relinquish involvement in its day-to-day operations and give up some of his ownership rights. The company has been shelling out $2 million a month in legal fees to cope with a slew of federal investigations and civil lawsuits stemming from, among other incidents, the “unprovoked and unjustified” killing of 17 Iraqi civilians.
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Blackwater CEO quits to teach High School
