Barrow boy ends tough year riding high . "I'm still going to be working," said Howard Lutnick. making hard-nosed some said hard-hearted business decisions. HARRY WAIZER is a rarity at Cantor. Terms of Service apply. After Lutnick gave out his unlisted home phone to Cantor families, who were gathering at the Pierre Hotel ballroom, his phone rang 24 hours a day as he and Allison and two dozen friends Our friends just showed up, she says took shifts in answering. There are huge color photos of Howard and happy-go-lucky Gary, arms around each others shoulders, horsing around. When I tell him that an ex-Cantor employee complained that Lutnick practices voodoo economics in the firm, paying unjustifiably large bonuses to his pals, Lutnick begins a long explanation of bonus calculations. His fiercely loyal secretary, Maryann Burns, comes in to ask a question. Cantor Fitzgerald was left with 1,450 employees, including vital players in the firms large London office, as well as the cadre of New York staff who survived. Appearing on 20/20 in October 2001, Susan Sliwak, whose husband, Robert, was a bond trader at Cantor, sharply criticized Mr. Lutnick. It couldnt possibly about me. Onstage, Lutnick remained seated, dabbing at his eyes a few times, visibly moved. The show starts on Wall Street at about 7:30 in the morning, when the curtain goes up, Mr. Lutnick said. He had lost nearly 700 people. She was still grieving when she had dinner with the Lutnicks, and Howard gave her a speech: Elise, you have to stop acting like you died, he said. Cantor Fitzgerald CEO Howard Lutnick remembers 9/11, death of most staff on tragic day. On the occasion of his 40th birthday, on Bastille Day, July 14, Howard Lutnick and his wife, Allison, chartered a 160-foot-boat, La Naturelle Dee. Howard Lutnick was born to a Jewish family[3] in Jericho, Long Island on July 14, 1961, the son of Solomon Lutnick, a history professor at Queens College and Jane Lutnick, an artist. I said, Well have to trust the customer. . As he and Maio sped down Fifth Avenue, Lutnick could see the smoke; he knew the companys offices were above where the first plane had hit. In the DVD version a large portion of cemetery footage and storytelling has been edited out. Howard Lutnick, Chairman and CEO of BGC Partners attends The Shops & Restaurants at Hudson Yards VIP Grand Opening Event in New York City, March 14, 2019. . its brokers after Sept. 11. Lauren walked 40 feet! Lutnick says. Born on Long Island in Syosset, NY, Gary lived in Manhattan and worked as a managing director and trader at Cantor Fitzgerald and on the 104th floor of 1 World Trade Center (North Tower). Some people died because they happened to be at the World Trade Center on Sept. 11, 2001. On 12/30/2021, at 4:04 pm, NMRK put out a press release saying, "On December 28, 2021, Newmark Group, Inc. awarded to Howard W. Lutnick, the Company's Chairman and principal executive officer, a . by floor by floor, and Mr. Lutnick ran. And who you can expect to see performing and presenting. They should be.. No!. Howard Lutnick was born to a Jewish family[2] in Jericho, Long Island on July 14, 1961, the son of Solomon Lutnick, a history professor at Queens College and Jane Lutnick, an artist. Mourning his brother-in-law, Fraser tells employees who seem shaky that hes logging hours with a therapist and urges them to do so, too. Riding back to Manhattan in the 8 p.m. darkness, his driver Jim Maio at the wheel of his black Chevy Suburban, Lutnick slumps in his seat. But in the next moment, hes overcome by sadness. He started that day a Wall Street buccaneer, a hugely successful, legendarily aggressive striver who was personally worth as much as a half-billion dollars. His father's name is Solomon Lutnick, and his mother's name is Jane Lutnick. Im pissed, Kravette recalls. Its just a thing we do, Lutnick says. Lutnick made his way to Merkels Greenwich Village home, where other Cantor employees showed up, and they frantically called around to try to find out who was still alive. Today, with the rise of other firms and other pressures, that figure has fallen to roughly 50 percent, although Mr. Lutnick has compensated The famed CEO of Cantor Fitzgerald feels like he has lived a life in two different worlds, before 9/11 and after, having had his life spared by taking his son to kindergarten that fateful day and now honoring the lives of 650 of his employees. Its hard to be Mr. Magnanimous when youre the little guy going up against big competitors.. Lutnick married Allison Lambert on 10 December 1994 . Today, she said Cantor did everything it said it would. In 1996, as Mr. Cantor, his mentor, lay dying, Mr. Lutnick fought with Mr. Cantors wife, Iris, for control of Cantor Fitzgerald. This email will be used to sign into all New York sites. The president surprised and angered some Democrats by declining to veto a GOP effort to block a D.C. bill. But that September 15 misstep has cost him; it will always be part of his story. Badly burned, he stumbled out on the 78th floor and worked his way down. Cantor, after all, was losing money. But the Lutnicks are nonplussed when presented with one version of the graphic: the R for relief is bent oddly, with something tied around it. Mr. Lutnick asked his sister Edie Lutnick, a lawyer who had been running her practice out of Cantors offices, to head EACH year, Cantor has a service in Central Park for families of its workers who died. Edie and Howard's third sibling, 34-year-old Gary Lutnick, a Cantor managing director, died in the attacks. My glasses got ripped off. After some of the years, they had childrens, and they were Brandon Lutnick, Kyle Lutnick, Ryan Lutnick and Casey Lutnick. "The concept of a perfect, small liberal arts education that actually aims to do one step better and educate the whole being, I think thats a beautiful quest. The other reason is his belief in the value of a foundation in the liberal arts. Howard Lutnick '83 has often said Haverford College's generosity changed the course of his life. Jericho, Long Island, New York, U.S All of them. He was the middle child of three; his siblings were Gary, his younger brother, and Edie, his older sister. This Long Island native, named best flirt in high school, is a champion talker, but hes under too much pressure now to follow a script. [4] Lutnick was the middle child of the family, whose siblings were an elder sister Edie and a younger brother Gary. See the other firms that lost people >. During one recent evacuation, Dave Kravette, a Lutnick friend since the seventh grade who descended 105 flights during the 1993 Trade Center bombing, was slowly making his way down the stairwell when two panicked young women from another firm ran by him. Of the nearly 3,000 people who were killed on Sept. 11, 2001, the greatest single loss was suffered by one company that was located on the top five floors above where American Airlines Flight 11 cr by expanding into other parts of the financial markets. Howard Lutnick, chief executive and chairman of Cantor Fitzgerald, the next youngest in the family, was taking his son to his first day at kindergarten. On the occasion of his 40th birthday, on Bastille Day, July 14, Howard Lutnick and his wife, Allison, chartered a 160-foot-boat, La Naturelle Dee. (nasdaq: NMRK) Entrepreneur New York, NY Joined May 2021 103 Following 745 Followers Tweets & replies Media Interested in @howardlutnick's Tweets? I was disgusted, one widow, whose husband had worked at a Cantor subsidiary, told the television anchor Connie Chung a few weeks later. Since September 11, those who survived have been working round the clock in scattered temporary offices to keep Cantor Fitzgeralds bond-and-equity-trading operations in business. tower memorial. Burns smiles sweetly back. Theres a plaque on the wall of a 1998 Westchester golf tournament, with a photo of Howard and Gary and Stuart Fraser and Doug Gardner. But these beautiful rooms feel haunted. Some of Over the next few years, Mr. Amaitis embarked on a dizzying shopping spree, buying a string of interdealer brokers. The dream is: I was looking uptown, and I could see the plane, and I knew the plane was coming, and I knew that if I ran to the elevator, I could get out, a tearful Lutnick began.Then, on the way to the elevator, I would always see people, and I would grab them, hysterically try to grab them and drag them to the elevator, [yelling] We gotta go! If you have found anything wrong, feel free to contact us. [24] Since 2005, Global Charity Day events have raised approximately $113 million. What Mr. Lutnick wanted to know was, what floor had people been on? Howard Lutnick Getty Images. I nterviewed by ABC's Connie Chung on September 14, 2001, Cantor Fitzgerald CEO Howard Lutnick, his face appearing to . [1], In recent years, Lutnick has been featured in events and specials relating to September 11, including the documentary Out of the Clear Blue Sky by director Danielle Gardner. Tom Sandoval and Ariana Madix have broken up after he allegedly cheated on her with Raquel Leviss. Howard is the middle child of 3. Kuhn Loeb was a German-Jewish . Everyones too busy. That day, eSpeed stock soars more than 20 percent, almost reaching its pre-September 11 level, and all afternoon Cantors hardworking band of brokers stops by Lutnicks office to exchange high-fives and call out, Way to go! Its not just Howard Lutnick, they are relieved to discover, who thinks Cantor Fitzgerald will survive. No one who was in the companys offices, on floors 101 through 105, made it out. How Tyrel Jackson Williams Brought TikTok Cringe to, Its sort of a newer version of the L.A. actor ride that Kyle is on the first two seasons, but its worse.. [32][33] Sen. Charles Schumer and other public figures appeared with Lutnick at several schools. Initially, we were all nervous, all panicked, says Liz McLaughlin, a young Cantor widow from Pelham whose husband, Robert, was an eight-year veteran. It took me three weeks to realize this was not a dream, a bad Dallas episode., He tells a story about going to dinner with his wife, Howard, and Allison recently. ? and then I hear this high, screaming sound the elevators are crashing. The saddest tale of all? What LAppartement 4F Co-owner Ashley Coiffard Put on Her Wedding Registry. So maybe he was looking for a father figure when he walked into the World Trade Center offices of Cantor Fitzgerald in 1983, or maybe he was just hustling hard for financial security. As the government sold more bonds to finance its deficit, Join Facebook to connect with Howard Lutnick and others you may know. Lutnick insists that it was Iris who asked for the incapacitation documents. It takes me two hours to do 60, he says. 2023 Haverford College. You dont know it until it Have you heard of Howard W. Lutnick? Facebook gives people the power to share and makes the world more open and connected. When I ask Lutnick whether in all of this he has ever seen a shrink or taken Prozac, he looks at me like Ive lost my mind. [17][18], In a televised interview with CNN's Larry King on September 19, Lutnick addressed the issue, saying I lost everybody in the company I don't have any money to pay their salaries.[17][19] In that same interview, Lutnick went on to say that while paychecks had been stopped, families of Cantor employees who had died in the attack would receive a 25% share of future Cantor profits for five years as well as health insurance for the next ten years. Ever on the lookout for a bargain, Cantor moved his company into the World Trade Center in 1981 when he got a great 25-year deal on the top-floor space because other companies did not want to be so high in the sky. That's why College President Kimberly Benston briefly interrupted the afternoon's question-and-answer session to make a surprise announcement: The College had established an endowed scholarship named after Lutnick to be given to any student in good standing who "may suffer a catastrophic setback and is in need of unanticipated and substantial financial aid support. Cantor is privately held and does not make public all of its financial information. Some widows and other family members who chastised him in the weeks after Sept. 11 now say he did all he could. After the crowd settled, Benston again addressed Lutnick: "We are so proud to call you our own. You got to live. [20], Just days after the September 11 attacks, Lutnick established the Cantor Fitzgerald Relief Fund as a non-profit organization to aid families of Cantor employees who perished in the attacks of September 11. Lutnick has written large checks to his alma mater, Haverford ($15 million), dabbled in the arts (several million to the Guggenheim Museum), gotten into the name game (underwriting the Allison & Howard Lutnick Theater at the Intrepid Sea-Air-Space Museum), and backed a variety of disease-related causes. The criticism of Mr. Lutnick has mellowed with time. The warring parties ultimately settled, but the relationships had turned so ugly that Iris hired security guards who literally blocked Lutnick at the door when he showed up in Los Angeles to attend Cantors July 1996 funeral. The luckiest people in New York? Lutnick placed a high value on technology early on, and in 1999 made the decision to take eSpeed, an electronic trading subsidiary of Cantor Fitzgerald, public. He helped reconfigure Cantors trading systems so that trades could be processed All of which makes Cantors rebirth, and the redemption of Mr. Lutnick, all the more remarkable. By ABC News Oct. 10, 2001 -- Two days after hijacked jets were slammed into the World Trade Center, Cantor Fitzgerald CEO Howard Lutnick was sobbing on national TV, pledging that his bond-trading firm would look after the families of the company's more than 700 victims. "They took a bet on me. All of them. By the 15th, he was the Dickensian villain whod cut off the widows mite, the paychecks of the dead, to assure the bankers of his sangfroid. But thats not what the partnership agreement said.. Shes scared and sad; maybe hell look at the numbers again. Lutnick, then 18, was forced to hire a lawyer to settle the debt his father left behind. He belongs to a Jewish family. And so we had-- you know, we lost 658 . Lutnick, who keeps pictures of himself and Bernie prominently displayed at home and in the office, says wearily, I loved Bernie. For Stuart Fraser, Iris Cantors nephew, this was a family feud in which he sided with his friend, Lutnick, and there have been long-term repercussions. All the elements of his personality are out there: Hes likable, hes irritating, hes furious that his motives are being challenged, he pushes people hard but then teases them, hes smart and self-aware yet also in denial. Remarkably, within a week the firm managed to get its trading back online. Hes embarrassed, but wants to show me to the next room, in which he has created a shrine to his brother. One of the most vocal is Richard Breeden, the former Securities and Exchange Commission chairman who serves on the board of eSpeed, Cantors electronic bond-trading operation, who describes Lutnick as a man of prodigious talent who is tremendously farsighted about the financial markets and has been a Wall Street innovator. Howard Lutnick '83 has often said Haverford Colleges generosity changed the course of his life. Its not helping Cantors traumatized employees, though it has produced some darkly funny moments. She is called upon to help families hold charitable events, or, more recently, He was alot like Howard- devoted, loyal, loving, and he could always make me laugh. I see this huge fireball. Those who know Mr. Lutnick, the 52-year-old chief executive of the bond trading house Cantor Fitzgerald, also agree that he is an incredibly complicated person, and that side of him is explored in a new documentary on Cantor and its comeback from the terrorist attacks on . We just wanted to work with people we liked, he says, softening. At another time in his life, he might be unabashed about his financial success, but now it makes him profoundly uncomfortable. When Cantor sent her a bonus check months later, she called Cantor, saying her husband deserved more. Then Haverfords president at the time, Robert B. Stevens, called him. By submitting your email, you agree to our Terms and Privacy Policy and to receive email correspondence from us. Because the attacks had devastated Cantor Fitzgerald so badly, the firm was not expected to survive. He says that she signed the personal papers giving her power of attorney but refused to sign the corporate-succession documents. I think of the two of them, and I turned to the guy next to me, Kravette recalls, and I said, Rookies. , On Park Avenue now, Lutnick shares his glassed-in corner office with Stuart Fraser, the easygoing vice-chairman of the firm. He reminisces about how he recruited his buddy Doug Gardner, who left his fathers real-estate firm to join Cantor Fitzgerald. Lutnick and his wife Allison have three sons - Kyle, a senior at Stanford and part-time rapper, Brandon, also studying at Stanford and Ryan, at whose bar mitzvah Rich the Kid performed - and a. And then it suddenly sucked back in itself. Lutnick made the controversial decision to cut off the paychecks to employees who were killed. I know how to do this, he says. Two out of four of us are dead.. Shania Twain Gives Rare Update on Her Ex-Husband and Ex-BFF. the years. Family and Friends Weekend Keynote: Howard Lutnick '83, "Its magic, almost." And yet such moments are interspersed with terrible reminders. Its not sad here, he insists of his current workplace, a remark that makes his co-workers affectionately roll their eyes. Howard Lutnick was born to Solomon Lutnick, who worked as a history professor at Queens College and Jane Lutnick. At 18, Howard had to hire a lawyer he found one at random in an office near Penn Station to untangle his fathers fractured finances. Howard W. Lutnick is Chairman & CEO of Cantor Fitzgerald L.P., one of the world's leading financial services firms, and Chairman & CEO of BGC Partners Inc., a leading global brokerage and . being paid to its families. The way I describe it, youre either in or youre out, he says. For a week, the Lutnicks and four other. Howard Lutnick's career started at Cantor Fitzgerald in 1983, immediately after graduating college. The World Trade Center was the target for the world, and they hit the . Initially, it was suggested that names be placed randomly, but she successfully argued that the Cantor employees be listed together on the north Just because it never happened doesnt mean they cant get back together. For us to be successful, we have to kick our competitors butt, he growls. for United States Treasury securities. Taylor Shaw, who worked as an aide to Lutnick, left the firm earlier this month after . That is 2,900 more than Cantor Fitzgerald employed before the attacks. The e-mail surfaced after Cantor sued ICAP in London for hiring away one of I know, I know, Im just like you, he says, his voice cracking. And it is improbable. No one on the 101st floor, where Cantors headquarters began, had made it out. So, how old is Howard Lutnick in 2023 and what is his height and weight? [13][23], Each year on September 11 (or the business day closest to September 11 if that day falls on a weekend), Cantor Fitzgerald and its affiliate BGC Partners hold a Global Charity Day event and pledge 100 percent of the day's revenue to charity. He recently recalled a dream in an interview with The New York Post. We played with the cards the terrorists left us, he says. There is no sugar-coating the fact that before, and even after, Sept. 11, Mr. Lutnick was widely disliked in the industry. He turns to me at crunch points and says, What would you do? It isnt that he wants my opinion; he just wants to underline for me in the bluntest possible way how excruciating the choices are. [13] Lutnick himself would have been in the office as well that morning, but on September 11 he was taking his son Kyle to his first day of kindergarten. Gary and the Lutnick family have been in my thoughts and prayers since 9/11/01. In 2005 alone, BGC added 1,000 brokers. Howard Lutnick's birthday was on July 14, 1961. Perhaps more than any other company, Cantor came to symbolize the horrors of Sept. 11. Mr. Lutnick spent the next four hours picking through the stunned crowds streaming uptown. He has an old sister Edie Lutnick and a younger brother Gary Lutnick. As of September 2018, Lutnick owns 60% of Cantor Fitzgerald, with a net worth of "at least $1.5 billion".[2]. They are furiously fighting off competitors who would feed on the firms misfortune. Im sure Howard is the loneliest man in the world because of what happened. He dove under a car, choking on the dirt and dust. They said hes just out for himself. He looks perplexed for a minute, then says with a gentle smile, Lets ask Beth. He is referring to a dead colleague, Beth Logler. It was just the three of us. Lutnick, with the assistance of his wife Allison, sister Edie, and team of volunteers and employees, personally distributed the debit cards to parents beginning at Public School 256 in Far Rockaway. Next to the bigger, richer, more famous firms the Goldmans and Merrills and Morgans of the world He sits 103 stories lower than before, on the second floor. For the first year, Mr. Lutnick estimated that he signed up 10 new people a week. ", "Former Cantor Fitzgerald chairman Howard Lutnick recalls the day 20 years ago that changed him and the firm", "Being 'ruthless' helped CEO rebuild after tragedy", "Highlights From Interviews Since September 11", "Cantor Fitzgerald family creates fund to help 9/11 families", Cantor Fitzgerald Slacks on 9/11 Pledge, But Promises $10 Million to Sandy Relief, "9/11 anniversary: Cantor Fitzgerald charity day", "Kate Upton And Ryan Lochte Are Taking Over Cantor Fitzgerald's Trading Floor Today", "New Roles for Howard Lutnick '83 and Dana Shanler Ladden '84", "Haverford Gets New Indoor Tennis and Track Facility", "Haverford gets record gift from an alum the college helped save", "Board Chair Howard W. Lutnick Gives $25 million to Lives That Speak Campaign", "Cantor Fitzgerald, NYC Firm Hit Hard On 9/11, To Donate $10 Million To Sandy Relief", "Cantor Fitzgerald donates $10 million in Sandy aid", "President Trump to attend swanky fundraiser in Manhattan hosted by billionaire Wall Street bigwig", "Trump Raises $5 Million at Home of Cantor Fitzgerald's Lutnick", "The 50 Most Important People in Commercial Real Estate Finance", "What's Good About Being an Orphan? [5] A nurse treating Lutnick's father accidentally gave him 100 times the dose of chemotherapy drugs that he was supposed to receive. Meanwhile, out in Queens, his secretary, Maryann Burns, the worlds most punctual woman, drove to the Bayside train station and couldnt find a space to park. Youre either in or youre out, Lutnick says. Bernie saw in Howard something of himself, says Stuart Fraser. The 10th president of Stanford University is the academic architect and visionary behind the Knight-Hennessy Scholars Program. Howard Lutnick fans also viewed: You keep looking. Cantor Fitzgeralds chaotic, box-filled temporary headquarters now occupies the drab twenty-ninth floor of the UBS Warburg Building on Park Avenue, next to the Waldorf-Astoria, a far cry from the elegantly appointed Trade Center offices, designed to show off the superb Rodin sculptures collected by deceased founder Bernie Cantor. Cantors success has enabled Mr. Lutnick to honor his pledge to the families of those who were killed. He rose through the ranks of the company until he became CEO and Chairman, succeeding the founder Bernard . All Rights Reserved. So, how old is Howard Lutnick in 2023 and what is his height and weight? I hate my office, Lutnick says, ramping it up. I could get through this so much better if they were here., The scope of the losses at times seems surreal. "My dad said 'People who know, know Haverford,' " Lutnick recalled. Allison Lambert is his wife. You\'ll receive the next newsletter in your inbox. Then, that October, Cantor sent out more than $45 million in bonus payments, the first of many checks to come. For all its losses and sorrows, Cantor actually had the wind at its back. His mother and Iris are sisters but no longer speak. Sleepwalking, he would He asked me, could I have done things sooner? that died and how they were doing. This film follows Howard Lutnick, the head of the company as he struggles to rebuild, cope with the incredible loss of life, including the loss of his own brother and compensate the families of the friends who were lost in that fateful day. In 2012, Lutnick was appointed to the Haverford College Board of Managers following a term of six years as a vice-chair. The usually shrewd CEO seems unable to fathom the public-relations disaster of the discontinued paychecks. Theyd feed off each other. Cantor, who began his firm by offering tax and investment advice to such Hollywood stars as Zsa Zsa Gabor, Clint Eastwood, and Kirk Douglas, had the foresight to expand in the seventies into the lucrative bond market, making his firm an indispensable player in this secretive world. I thought, Im going to die. Her husbands parents also received some money from Cantor. Heres the dining room where he now writes his condolence notes; heres the master bedroom, with a giant wall TV and a handsome black-and-gold screen behind the king-size bed where he passes out in exhaustion for five hours each night. Marcy Dermansky '91 on Writing Fiction. Howard W. Lutnick, chief executive of Cantor Fitzgerald. He is a tough customer. That Howard Lutnick survived was, he concedes, blind luck. The following year, Lutnick entered Haverford College in Haverford, Pennsylvania. Early on, Lutnick developed a warm relationship with the firm's founder Bernard Cantor as his personal mentor. Lutnick who's worth more than $1.5 billion and serves as the CEO of Wall Street trading firm Cantor Fitzgerald is an outspoken supporter of Trump and has praised the president's tax . It had to be about Haverford College. In January 1996, while his mentor, Wall Street legend B. Gerald Cantor, was on life support, Lutnick outmaneuvered Cantor's wife to gain control of the partnership, even though he owned only 14% . I dont think thats a bad thing. by many inside the company. His sister, Edie, stops by twice during the day. We tested more than a dozen pairs, and these are our eight favorites. Edie and Howard have an intense sibling bond forged as orphaned young adults; he visibly relaxes in her presence. [22] To date, the fund has given out approximately $180 million to families of Cantor employees and approximately $280 million altogether as the fund has broadened the scope of its efforts to assist victims of natural disasters and other hardships. We gotta go now! he said in a choked voice.And they always say something, argue, go slow or talk, and we never make it to the elevator, and just as the plane hits the building, I wake up in that sweaty nightmare fashion.". Shes in the office today for a meeting with an advertising agency to choose a logo for the relief funds stationery and Internet site. The only way to take care of everyone was to have a company.. Cantor Fitzgerald never had the cachet of, say, Goldman Sachs, and it was in some ways a throwback to the time when sons followed fathers and brothers onto the trading floors, Cantor Fitzgerald occupied the 101st to the 105th floors of One World Trade Center -- just above the impact zone of the hijacked plane. If you let your grief and sadness overrun your commitment to the company, then youre going to bring down the people to your left and to your right. Vigorously conducting with his hands, he throws in self-deprecating and knowing asides designed to evoke smiles. In 1978, Lutnick was a senior in high school when his mother died of lymphoma. Orphaned in his teens, he bootstrapped his way to the top of the Wall Street bond business. They had so many of the same mannerisms and facial expressions, and they were so close. That Tuesday morning happened to be the day his five-year-old son Kyle started kindergarten. One ad exec helpfully pipes up, Its a bandage. Another adds, Its a bow. Edie says, It looks like a helicopter to me, and you dont need Dr. Freud to figure out that free association. [15] Because Cantor Fitzgerald lost two-thirds of its workforce, the company was in a vulnerable state, and many observers expected them to close. Cantor would continue handling big trades through stock and bond trading desks, while a newly formed BGC Partners would offer broker-driven trading. I was there, and I lost my brother. His guard is down; he is worn out from his performance. "I just think we're great, and I want us to be greater.". . Lutnick closed offices in Paris and Frankfurt, and transferred these staff members to London. [9] They have four children together, including sons Brandon and Kyle, whose first days of pre-school and kindergarten respectively fell on September 11, 2001. On Sept. 12, only 1,422 were left, roughly half of them in London, and 302 in New York. Before Lutnick explained his plan to the widows, he had a bad reputation, recalls Marilyn Rocha, whose husband, Antonio, a bond trader, had worked at Cantor only three months.