55.3 F
Fort Worth
Wednesday, December 2, 2020
News Peter Peterson, billionaire and philanthropist, dies at 91

Peter Peterson, billionaire and philanthropist, dies at 91

Other News

Alamo Drafthouse names new CEO as it prepares to re-open

Lights! Action! Executive Change! Austin-based Alamo Drafthouse Cinema announced April 30 that former Starbucks executive Shelli Taylor will assume the role of CEO, effective May...

Exxon’s oil slick

Exxon Mobil is slashing its capital spending budget for 2020 by 30% due to weak demand caused by the COVID-19 pandemic and a market...

Folk music’s Mark Twain: 7 Essential tracks from John Prine,

NEW YORK (AP) — Some people, the songs just come out of them. For nearly half a century, they tumbled out of John Prine...

Tarrant County records another COVID-19 death

Tarrant County Public Health (TCPH) on Wednesday, April 8 reported that a resident of Euless has died as the result of the COVID-19 virus....

NEW YORK (AP) — Peter G. Peterson’s family says the executive and philanthropist who argued passionately that the U.S. must reduce its national debt has died of natural causes. He was 91 years old.

Born to Greek immigrants, Peterson served as CEO of two major corporations over the course of more than 30 years, including the investment bank Lehman Brothers.

He co-founded private-equity firm Blackstone Group with Stephen Schwarzman in 1985. The firm’s success made the two billionaires. He also served as commerce secretary during the Nixon administration.

In retirement, Peterson became a prominent voice on the issue of the national debt and government spending. He used his wealth to create the Peter G. Peterson Foundation, an organization focused on reforming entitlement programs such as Medicare and Social Security.


close






Oh hi there 👋 It’s nice to meet you.

Sign up to receive awesome content in your inbox.

We don’t spam! Read our privacy policy for more info.


close






Oh hi there 👋
It’s nice to meet you.

Sign up to receive awesome content in your inbox.

We don’t spam! Read our privacy policy for more info.

Latest News

Texas may receive enough coronavirus vaccine doses for 700,000 people in December, Gov. Greg Abbott says

Texas could receive coronavirus vaccine doses to immunize up to 700,000 Texans in December, assuming U.S. health officials approve coronavirus vaccine candidates from drugmakers...

Fort Worth’s Redistricting Task Force presents draft recommendations

A City Council-appointed, 11-member Redistricting Task Force that will advise on redistricting issues in Fort Worth presented its draft criteria as part of its...

Analysis: Despite vaccine hopes, lawmakers plan for more months of pandemic

Editor's note: If you'd like an email notice whenever we publish Ross Ramsey's column, click here. We’re holding two opposing ideas in our heads at...

Crystal Mason, jailed for illegal voting conviction after casting provisional ballot, seeks to have conviction overturned

A Fort Worth woman jailed for casting a provisional ballot in the 2016 presidential election while on supervised release for a federal conviction is...

Mayor Price announces COVID recovery as cases surge in Texas

Fort Worth Mayor Betsy Price announced that she and her husband, Tom, have both recovered from COVID-19 on Monday, Nov. 30. “I am pleased to...