March 6, 2008
Financier Pledges $1-Billion to Newly Created Foundation
Peter G. Peterson, the private-equity titan, has announced that he plans to give at least $1-billion over the next several years through his newly created foundation, which will focus on calling public attention to threats to America's economic security.
Mr. Peterson, a co-founder and the senior chairman of the Blackstone Group, in New York, and a secretary of commerce during the Nixon administration, said the money will come from the nearly $1.9-billion he made in June from
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