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Peter G. Peterson
American investment banker (1926–2018) / From Wikipedia, the free encyclopedia
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Peter George Peterson (June 5, 1926 – March 20, 2018) was an American investment banker who served as United States Secretary of Commerce from February 29, 1972, to February 1, 1973, under the Richard Nixon administration.[1][2][3] Peterson was also chairman and CEO of Bell & Howell from 1963 to 1971.[4] From 1973 to 1984 he was chairman and CEO of Lehman Brothers.[4] In 1985, he co-founded the private equity firm The Blackstone Group, and served as chairman.[5] In the same year, Peterson became chairman of the Council on Foreign Relations, a position he held until his retirement in 2007, after which he was named chairman emeritus.[4] In 2008, Peterson was ranked 149th on the "Forbes 400 Richest Americans" with a net worth of $2.8 billion.[4][5] He was also known as founder and principal funder of The Peter G. Peterson Foundation, which is dedicated to promoting fiscal austerity.[6]
Peter G. Peterson | |
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Chairman of the Council on Foreign Relations | |
In office September 1, 1985 – June 30, 2007 | |
Preceded by | David Rockefeller |
Succeeded by | Carla Hills Robert Rubin |
20th United States Secretary of Commerce | |
In office February 29, 1972 – February 1, 1973 | |
President | Richard Nixon |
Preceded by | Maurice Stans |
Succeeded by | Frederick B. Dent |
Personal details | |
Born | Peter Petropoulos[1] (1926-06-05)June 5, 1926 Kearney, Nebraska, U.S. |
Died | March 20, 2018(2018-03-20) (aged 91) New York City, U.S. |
Political party | Republican |
Spouses | Kris Krengel
(m. 1948; div. 1950)Sally Hornbogen
(m. 1953; div. 1979) |
Children | 5, including Holly |
Education | Northwestern University (BA) University of Chicago (MBA) |