Jan 29, 2012

In an exclusive interview to the Atlanta Journal-Constitution, Martin Luther King III opened up as to the true nature of why he left his post of CEO at the King Center. The reason he left is just another reason to make you shake your head when it comes to the King children. I swear there has been no one more detrimental to Dr. King's legacy than his own children. These people just cannot get their stuff together. I'm sure there are other families just as dysfunctional as the King family, but you would hope they could get their stuff together to continue their father and mother's legacy.

As reported by the AJC:

In an exclusive interview with The Atlanta Journal-Constitution, Martin King said his concerns about the blurring of lines between the nonprofit King Center and the for-profit King Inc. left him with no choice but to leave the organization he had led for 18 months.

This month, the center’s seven-person board of mainly family members removed King as CEO, replacing him with his sister, Bernice King. At the same time, Martin King, still bearing the title of president, said he was stripped of his executive powers and responsibility, leaving his position little more than a “ceremonial” one.

“I disagree with the new direction of the board, which makes the center essentially an extension of King Inc. rather than acknowledge the fundamentally different and at times conflicting motives of a for-profit corporation vs. a public foundation,” King wrote in a resignation letter he submitted to the board Jan. 17. “The convergence of the two entities is evidenced by the placement of King Inc. staff in control of the center, including the interim managing director position.”

But while King is citing philosophical differences, a person close to the situation is claiming that King was stripped of his powers in essence because he wasn’t a good leader.

Houston attorney Terry M. Giles, who was appointed by a judge to serve as the custodian of King Inc., said as president and CEO of the King Center, King was not moving the organization forward.

Giles, who is applying through the Fulton County Superior Court to be the custodian of the King Center as well, said that during King’s time at the helm, virtually no fundraising had been done to “assure the future and proper care of the center.”

In essence, the whole of the King estate is divided into two parts, King Inc. and the King Center.

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