The Peter G. Peterson Foundation
The Peter G. Peterson Foundation is an American billionaire-funded foundation established in 2008 by Peter G. Peterson, former US Secretary of Commerce in the Nixon Administration and co-founder of the Blackstone Group, an American financial-services company. History In 2008, Peter G. Peterson committed $1 billion to create the Peter G. Peterson Foundation, an organization dedicated to addressing economic and fiscal "sustainability challenges that threaten America's future." Peterson recruited David M. Walker, then-Comptroller General of the United States and head of the Government Accountability Office, as the foundation's first president and chief executive officer. In 2010, the foundation launched an annual Washington, D.C., event aimed to draw attention to America's long-term fiscal issues. In October 2010, David M. Walker stepped down as President and CEO of the Peter G. Peterson Foundation to establish his own venture, the Comeback America Initiative with funding provided by the Foundation. Leadership Source: Board of Directors: Michael A. Peterson, Chairman and Chief Operating Officer Joan Ganz Cooney, Peter G. Peterson's widow, co-founder of Sesame Workshop Advisory Board: Sen. Bill Bradley, Managing Director: Allen & Company LLC; former United States Senator Barry Diller, Chairman, IAC/InterActiveCorp Harvey V. Fineberg, President: Institute of Medicine Sec. Robert Rubin: Co-Chairman, Council