Wednesday, September 7, 2011
DealBook: The Survivor Who Saw the Future for Cantor Fitzgerald
"TEN years and a lifetime ago, Howard W. Lutnick was a prince of Wall Street. Forty years old, and already the head of a powerful financial house, he could peer down on rivals from his office on the 105th floor of One World Trade Center.
Then — you know the rest.
American Airlines Flight 11 struck Tower One. Three out of every four people who worked in New York City for Mr. Lutnick at the brokerage firm Cantor Fitzgerald died that September morning, 658 in all. Among the dead was his younger brother, Gary.
That Howard Lutnick survived was, he concedes, blind luck. Some people died because they happened to be at the World Trade Center on Sept. 11, 2001. Mr. Lutnick lived because he happened to be taking his son, Kyle, to his first day of kindergarten."