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T Rowe Price

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Learn more about Pete Peterson-funded astroturf projects at the Fix the Debt Portal.

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Campaign to Fix the Debt
Company Profile
Company Name T. Rowe Price
CEO Name Brian Rogers
CEO Compensation $7,729,057
Annual Company Revenue $2,747,100,000
Territorial Tax Break $50,050,000
Click here for sources.
2011 data unless otherwise noted.
©2013 Center for Media and Democracy

T. Rowe Price is a publicly owned investment firm that was founded in 1937 by Thomas Rowe Price, Jr.[1] The company provides investment services to individuals, financial intermediaries and institutions[1]

In 2011, T. Rowe Price reported revenues of $2,747,100,000.[2]

Ties to Pete Peterson's "Fix the Debt"

The Campaign to Fix the Debt is the latest incarnation of a decades-long effort by former Nixon man turned Wall Street billionaire Pete Peterson to slash earned benefit programs such as Social Security and Medicare under the guise of fixing the nation's "debt problem." T Rowe Price is part of the Campaign to Fix the Debt as of February 2013.

This article is part of the Center for Media and Democracy's investigation of Pete Peterson's Campaign to "Fix the Debt." Please visit our main SourceWatch page on Fix the Debt.

About Fix the Debt
The Campaign to Fix the Debt is the latest incarnation of a decades-long effort by former Nixon man turned Wall Street billionaire Pete Peterson to slash earned benefit programs such as Social Security and Medicare under the guise of fixing the nation's "debt problem." Through a special report and new interactive wiki resource, the Center for Media and Democracy -- in partnership with the Nation magazine -- exposes the funding, the leaders, the partner groups, and the phony state "chapters" of this astroturf supergroup. Learn more at PetersonPyramid.org and in the Nation magazine.


Financial crisis and bailout

Role in the financial crisis

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Bailouts

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Political influence

Campaign contributions

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Lobbying

Lobbying on financial reform

After the Bernie Madoff scandal SEC chair Mary Schapiro originally proposed stepped-up enforcement, including requiring 10,000 money managers to undergo surprise inspections to make sure they were acting according to regulations. However, following lobbying by T Rowe Price and other firms the SEC settled on approving a rule requiring only about 1,600 U.S. fund managers to submit to unannounced audits, 83 percent fewer than originally proposed.[3]

Revolving door influence

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Ties to financial regulators

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Profits, bonuses and market value

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Key officers and personnel

Management Committee

As of January 2013[4]

Contact Inforation

Corporate Headquarters
T. Rowe Price
100 East Pratt Street
Baltimore, Maryland 21202

Phone: (410) 345-2000

Resources and articles

Featured SourceWatch Articles on Fix the Debt

References

  1. 1.0 1.1 "Company Overview", organizational website, accessed January 2013
  2. T. Rowe Price, "2011 Annual Report", organizational document, page 15.
  3. Wall Street Waits as SEC Fails to Bring Madoff-Inspired Reforms, Bloomberg News, December 30, 2009
  4. "Leadership", organizational website, accessed January 2013