Jun 01 2010

Pete Peterson’s Media Empire

Conflicts are OK when you have an anti-entitlement agenda

Pete Peterson--Photo Credit: Forbes/Photographer: Jin Lee/Bloomberg via Getty Images

Peter G. Peterson is on a crusade to end Social Security as we know it, and he’s spread his tentacles throughout the media. Peterson, investment banker and co-founder of the Blackstone Group, is also a co-founder of the Concord Coalition, a trustee of the Committee for Economic Development and a board member of the Committee for a Responsible Federal Budget. Peterson has long been a corporate media favorite (Extra!, 3-4/97), but since 2008, he’s also poured money into making his own media—via his Peter G. Peterson Foundation, a $1 billion behemoth dedicated to “fiscal sustainability issues related to federal deficits, […]