Peter S. Kraus

Peter S. Kraus
Born	Peter Steven Kraus Philadelphia, Pennsylvania, U.S.
Residence	720 Park Avenue, Park Avenue, Lenox Hill, Upper East Side, Manhattan, New York City, U.S.
Alma mater	Trinity College New York University Stern School of Business
Occupation	Businessman
Known for	Chairman and Chief Executive Officer of AllianceBernstein
Spouse(s)	Jill Kraus

Peter S. Kraus is an American businessman, philanthropist and art collector. He serves as the Chairman and Chief Executive Officer of AllianceBernstein (AB), a global asset management firm with about US$400 billion under management listed on the as : AB. He formerly worked for Goldman Sachs for two decades. He is one of the largest collectors of contemporary art in the world.

Peter S. Kraus was born in Philadelphia, Pennsylvania. He graduated with a bachelor of arts degree from Trinity College in 1974. He received a master in business administration from the New York University Stern School of Business in 1975.

Kraus worked at Goldman Sachs for twenty-two years. He briefly served as Executive Vice President and Head of Strategy at Merrill Lynch from September to December 2008. He earned US$29.6 million during those three months, including a US$25 million golden parachute. He was subpoenaed by Attorney General Andrew Cuomo for his compensation.

Kraus has served as the Chairman and Chief Executive Officer of AllianceBernstein since December 2008, replacing Lewis A. Sanders. He earned US$52 million during his first year. Under his leadership, both the New York State and Local Retirement System and The Vanguard Group pulled their investments out of AB. For example, the firm's assets under management went from US$462 billion in December 2008 to US$402 in November 2011. However, The New York Post suggested he had "succeeded in pulling AllianceBernstein away from the brink of disaster and is steering it back on track."

Kraus has served on the AXA Management Committee since April 2010.

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