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Cantor Fitzgerald’s CEO Remembers 9/11 and the Brother He Lost

Our American Stories / Lee Habeeb
The Truth Network Radio
September 11, 2026 3:02 am

Cantor Fitzgerald’s CEO Remembers 9/11 and the Brother He Lost

Our American Stories / Lee Habeeb

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September 11, 2026 3:02 am

On this episode of Our American Stories, when the planes struck the World Trade Center on September 11, 2001, Cantor Fitzgerald was left devastated. The investment firm’s offices spanned the upper floors of the North Tower, leaving no chance of escape. In less than an hour, 658 employees were gone—more lives than any other company lost that day. Among them was the brother of CEO Howard Lutnick. For Lutnick, the grief was immediate and deeply personal, but so was the responsibility. He had to lead a company hollowed out by tragedy while caring for the families who had lost everything. What followed was a story not only of survival, but of loyalty, rebuilding, and the weight of memory.Howard Lutnick reflects on Cantor Fitzgerald’s darkest day and the colleagues and friends who never came home. Support the show (https://www.ouramericanstories.com/donate)Support the show: https://www.ouramericanstories.com/donateSee omnystudio.com/listener for privacy information.

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This is a job for Indeed Sponsored Jobs. This is Our American Stories. remembering the anniversary of 9-11. Many companies and families Lost loved ones that day. I lost one of my best friends.

Co-captain of my high school basketball team for two years. There was nothing we didn't do together. for so many years. Paul Biotini. There was one investment company that lost 658.

of its nine hundred and sixty employees. Before that day, Cantor Fitzgerald hadn't been all that well known beyond Wall Street.

However, After 9-11, it was known as the business to have lost. The most employees are 9-11. Quote We have death fame. CEO Howard Luttnick said. A few days after the horrific event, Luttnick participated.

In an emotional interview, He didn't just lose all those employees, by the way. One of them was his brother. Here he is. explaining why he wasn't there. My little boy, I have a five-year-old, and it was his first day of kindergarten at Harris Mann, so I took him for his first day of big boys school.

And uh because of that I was late getting down to the office and therefore I wasn't in the building. I was on my way. I saw the building on fire so I didn't go in. Um but I stood I stood at the door. Um or for church street.

Where there were flags there, and I stood at the door and people were coming out, and I was yelling at them to run and get out. And there were police sort of around me, yelling at people, telling them to get out. And I would ask them what floor they were coming from, what floor were they coming from.

Someone would say 55, and I'd scream, We have 55, and because I kept wanting to get up the building, and well, my brother. My brother was on the 103rd floor. He worked for me. He worked at Canter and uh he he called my sister. Just after the plane hit and he told her that He said that the smoke was pouring in.

He was he was stuck in a corner office. There was no way out. And the smoke was coming in. He's he's not good. And and things are not good and he's not going to make it.

And he just wanted to say that he loved her. And he wanted to say goodbye. I don't know tell her when that Can't you love them? And then the phone went the phone went dead. The plane crashed into floors 93 through 99.

Cantor Fitzgerald was located right above that. 101 to 105, the top floors of of number one World Trade Center, which they call now the North Tower. I got to the 91st floor and I knew if I got one employee, if one person came down from that floor, then I knew that there had to be others. There would be others behind them, there would be others going out other doors that That would be good, but I got up to 91 and then I heard this sound. It sounded like another plane was going to hit the building.

But it didn't sound like it was far away, it sounded like it was. Like right where the ceiling is above us. It was so unbelievably loud, and someone screamed out, Another one's coming.

So I just turned around and ran, and I was running. It was number two World Trade Center collapsing.

So I'm standing underneath a building like an idiot. And I start running and I'm trying to get ahead of the smoke and then the smoke comes around the corner on Trinity Church where I ran and knocks me down underneath a truck and I'm sitting there in this black, the blackest black that can ever be. I reached up, I tried to see if I could see and I took my hands and I put it up and I actually touched my eye. I couldn't see my hand. I could feel the particles in the air.

They were like this big. I could feel them going in and I wasn't, I couldn't think to like pick up my shirt and put it. I was just sitting there thinking, I can't believe it. I can't believe. By standing there, I died.

So I just started walking straight. And I just walk straight. And I just keep walking straight. And I called my wife four hours later. And she was hysterical crying and So I understand why it took lots of people a long time.

I'm a pretty together person and I four hours I walked. I just walked North, I just To walk. And he just kept walking. All the Cantor Fitzgerald companies are connected by speakerphone.

So there were voices heard from the tower, amidst the chaos. Yeah, we have you know a speakerphone because all our offices are connected in our equity business. They're um they're all connected to each other because they talk to each other all day. And they heard them saying, you know, we need help, we need help, we need help. Uh it wasn't It wasn't screams.

It was... There was nowhere to go. You couldn't go down, you couldn't go up. There was nowhere to go. but I don't know of a single one of my employees who got down.

Zero. Zero, and it's really sad, but I think we're all pulling together with the view that. Yeah. We want to make things happen for them. We need to take care of them.

We need to figure out how to take care of them and give them more. take care of them and I think It's going to be a different kind of drive than I've ever had before. It's not about My it's not about my family. I get to kiss my kids. I get to kiss my kids tonight.

But other people don't get to kiss their kids. And I just have to help them. And I think. I think that's amazing. And I think it's amazing.

You have 300 people. They lost all their friends. They lost the person to their left. They lost the person to their right. And they call me up and they say, I want to go to work.

I said, why do you want to go to work? Let's just go to funerals. They don't know. No, I want to go to work. I can't stay home.

I can't stay home. I have to make I have to work and I have to do something. And so they they actually wanted to try to figure out how to be in business. It's unbelievable. It doesn't make any sense.

But the the The reason they want to be in business, and there's only one reason to be in business, is because we have to make our company be able to take care of my 700 families. 700 families. And you have 700 families. Yeah. Just can't say it.

I can't say it without crying.

Well, a different kind of drive. that he'd never known before. Kicked in. To Howard Luttnick. and those remaining employees.

Howard further explains what Canterfitzgerald, was doing before And after. Canon Fitzgerald is the primary it's like the exchange for the world's bond markets. I mean, it's it. It is the exchange for the world bond markets. We last.

Last year we did $50 trillion in business. Today, The remaining employees of Canterford, Sherlock, and East Peak have worked every second since that bomb, and they made the decision. And I told them there's no reason for us to open. I don't care when we open, if we open, it doesn't matter to me. And they collectively.

250 of them collectively voted that they were going to open the markets. And this morning, It's 7 a.m. Those people opened. For business, not to make money, not to but they did it because they thought if the if the Fed and the Treasury wanted it to be open, it was important enough for them to show strength for America and for these markets, then they were gonna do their damnedest to get it open, and they did. And it I I voted against it.

I said, Why? I I don't want you to work. I want you to go home and kiss your kids and and hug your families and but they It's them. They wanted They wanted to do it, maybe for themselves, maybe for their friends who they lost, but.

So right this second, it our electronic systems are running around the world and it's I don't know. Maybe it's a miracle. Maybe it's because these people are just They're unbelievable if you can only be a good boss, if you have the right people. I'm glad they chose to be with me, but I'm the saddest person in the world that they chose to be with me. Because if it would have chosen to be with me.

Okay. What? Yeah. So many people?

So many names, so many people I loved.

So many people we all loved. Again, that's Howard Luttnick. The CEO of Canter Fitzgerald. They lost so much. But they did go back to work.

And here's why. After 9-11, the Cantor Fitzgerald Relief Fund was established. all those people went back to work for a cause. A big cause. They have distributed more than $180 million.

to the family of Cantor Fitzgeralds. One quarter of the firm's profits What a great American story, what a sad American story. Cantor Fitzgerald's story Howard Luttnick's story here On our American stories, 9-11-11. Remembered. Mm-hmm.

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