Mr. Peterson, who was chairman of the Council on Foreign Relations for 22 years, wrote seven books and spoke in a professorial style. Lehman soon imploded and was taken over in 1984 by Shearson/American Express Inc.Again, Mr. Peterson had made a lucky escape. When Blackstone went public in June 2007, Mr. Peterson netted more than $1 billion after taxes. His Peter G. Peterson Foundation lobbied politicians, wrote scholarly papers and created an outdoor game called Budgetball to educate teenagers about the debts they would inherit. Mr. Peterson is survived by his wife Joan, five children, nine grandchildren and his younger brother John.

Source: Wall Street Journal March 20, 2018 19:02 UTC