Peter G. Peterson- Why I’m Giving Away $1 Billion

June 3, 2009 by
Filed under: I like 

There is an article in Newsweek( link ) written by the man himself on his reflections on donatin $1 Billion . Last paragraph of the article gives the whole perspective-

Ultimately, I decided to commit $1 billion to the Peter G. Peterson foundation—the vast majority of my net proceeds from Blackstone. Why so much? Kurt Vonnegut once told a story about seeing Joseph Heller at a wealthy hedge-fund manager’s party at a beach house in the Hamptons. Casting his eye around the luxurious setting, Vonnegut said, “Joe, doesn’t it bother you that this guy makes more in a day than you ever made from Catch-22?” “No, not really,” Heller said. “I have something that he doesn’t have: I know the meaning of enough.” I have far more than enough.

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