HOWARD LUTNICK: Well, so we started- so the company had a rule. Can you talk about the evolution, and how the company has thought about this day year after year? But you've really sort of built on this to expand beyond just those victims of 9/11 in building on this charity. Obviously, in the aftermath, Cantor Fitzgerald in many ways became unfortunately the face of the tragedy because of the employees that you lost. And Howard, I wonder if you can talk about how you have evolved in trying to remember this day. And turn this tough, tough day into something beautiful. But it's come back with the right heart to try to take care of others. And it's grown bigger and bigger.Ĭantor Fitzgerald was 2,200 people. So we have about 150 different charities. And then after five years, we turned to our communities and the charities- Eli's charity and the other charities that we support. We gave 25% of everything we made at the firm to those families to try to take care of them. And just trying to take care of those 658 families. We were just in the first five years we were just taking care of the families of those we lost. So what we do, we started small obviously. As you said, you've really been building on it year after year. Talk to us about the growth of this charity though. Oh, what a pleasant surprise there, Howard. Yeah, Eli's got a lot of time on his hands.
#The medium and lost kid full#
So you can hire me full time now if you need me. I mean, he's been doing this- how many years you been doing this for us? It's unbelievable.ĮLI MANNING: I'm retired now. HOWARD LUTNICK: See you got- this is what happens. And can you talk about the growth there? And really the awareness, especially when we're talking about. I mean, it's incredible to see how that specifically has grown. But hopefully, this year will we'll meet it again. Hopefully- I know the markets are a little tougher. We get amazing people to come and help our clients trade more.
So you might see behind me we've got Eli Manning right on the floor right now. And every penny we do, not profits, every penny of revenue Cantor Fitzgerald and BGC partners we give every penny to charity. So all of my employees, they all waive their compensation for the day. So it's really emotional and important for me.Īnd then the next business day, we come out and we try to raise as much money as we can for charity.
And then we read their names and we remember them. And then we go with white roses and we cover the names of all the Cantor Fitzgerald people at the Memorial at the 9/11 Memorial downtown, which is an amazing, amazing sight. So what we do on the 11th is we have a big get together of all the families. HOWARD LUTNICK: Well, on September 11th, we lost 658 of our 960 New York based employees. I'm curious what was going through your mind yesterday as you saw the memorials play across the country. And Howard, it's tough to imagine it's been 21 years since those attacks happened. Here to talk about their charitable work, we've got Howard Lutnick, Cantor Fitzgerald CEO. Cantor Fitzgerald, which had an office located in the former World Trade Center's Tower One is now raising more than $200 million for charities to honor those lives lost. Well, Sunday marked the 21st anniversary of the September 11th terrorist attacks. Cantor Fitzgerald CEO Howard Lutnick joins Yahoo Finance Live to discuss the company's remembrance of the employees lost during the 9/11 attacks and how it has made an annual charity event a tradition.
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