Peter G. Peterson is an American businessman, investment banker, fiscal conservative, author, and politician whose most prominent political position was as secretary of commerce during the Nixon administration.
Peterson was the chairman and CEO of Bell & Howell from 1963 to 1971, and chairman and CEO of Lehman Brothers from 1973 to 1984. He was also chairman of the Council on Foreign Relations until retiring on June 30, 2007, after being named chairman emeritus. He co-founded the private equity firm, the Blackstone Group. In 2008, he was ranked 149th on the "Forbes 400 Richest Americans" with a net worth of $2.8 billion.
In 2008, he established The Peter G. Peterson Foundation with a $1 billion endowment.
Last Updated: August 15, 2017