How did Howard Lutnick survive 9/11?
By TOI Desk Report November 27, 2024 Update on : November 27, 2024
Lutnick was dropping off his son at his kindergarten, which made him late for work, and in turn saving his life.
Howard W Lutnick is the CEO and Chairman of Cantor Fitzgerald, LP, one of the leading financial services firms in the world.
The investment bank on the 101st–105th floors of One World Trade Center, lost 658 employees that fateful day, more than any other companies in the twin towers. The lives of 46 contractors and visitors were also lost.
In 1983, Lutnick joined Cantor Fitzgerald and rose through the ranks to become the President and CEO in 1991.
He is also the Chair of BGC Group, Inc and Newmark Group, Inc., a world leader in commercial real estate services firms.
Donald Trump has recently picked Lutnick as the secretary for the Department of Commerce.
Trump in his post on Truth Social, his social media platform said Lutnick would lead their Tariff and Trade agenda, with further direct responsibility for the Office of the United States Trade Representative.
As commerce secretary, Lutnick will basically have an integral role in carrying out Trump’s plan to raise and enforce tariffs.
Lutnick is a former wrestling executive who earlier led Trump’s Small Business Administration. He is the co-chair of Trump’s transition team.
Trump is also expected to name McMahon as his education secretary, reports CNN.
Besides being the head of brokerage and investment bank Cantor Fitzgerald, Lutnick is a cryptocurrency enthusiast.
The nomination would make Lutnick in charge of a sprawling Cabinet agency. It is involved in funding new computer chip factories, imposing trade barriers, releasing economic data, and monitoring the weather.
Lutnick has donated to both Republicans and Democrats in the past, and once appeared on Trump’s NBC reality show, “The Apprentice.”
He became a part of the president-elect’s inner circle and shared the stage with Trump at events in the closing days of his campaign.