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chowder66

(12,045 posts)
8. They provided 25% of the firm's profits to 9/11 families, a total of at least $180 million
Sun Feb 15, 2026, 12:36 PM
Sunday

"All of the money for the business interruption recovery relating to the American Airlines case went either to strengthen and support the overall business, or to the over 600 Cantor Partners, precisely proportionate with the exact stake in the company, Mr. Lutnick included,” the spokeswoman said. “For five years, Cantor’s Partners provided 25% of the firm’s profits to the 9/11 families, a total of at least $180 million, in addition to ten years of health benefits."

A senior executive at Cantor said the manner in which the settlement was distributed, including the chunk of money Lutnick received, is entirely appropriate since Cantor never promised family victims a portion of the money in the first place. The executive described the case against American Airlines as a “business interruption lawsuit” since Cantor’s offices were destroyed in the attack, meaning it was appropriate for the company to keep the money.

Cantor, this person said, has donated millions of dollars to charities to support the victims of 9-11, and the families of its own employees.

.......

Cantor’s opaque partnership structure makes it difficult to determine how much Lutnick could receive from the settlement. Lutnick is also chief executive of BGC Partners(NASDAQ:BCGP), a publicly traded brokerage firm, and he runs other businesses related to Cantor.

This is the link to the original article posted in the meme....
https://www.foxbusiness.com/features/9-11-settlement-distribution-stirs-ire-among-cantor-insiders

Cantor probably hated this and I bet it was devised from partners and/or board members.

Recommendations

5 members have recommended this reply (displayed in chronological order):

NO comments yet for this revelation? democratsruletheday Sunday #1
WOW! I Still Remember Him Around 9/11 Bursting Into Dry Tears ForeGoneLegsBirne Yesterday #33
First off, what a dick, and 2ndly, anyone know the date of the original article? AZJonnie Sunday #2
They provided 25% of the firm's profits to 9/11 families, a total of at least $180 million chowder66 Sunday #8
So, the quoted article is from 2016. Thank you! AZJonnie Sunday #9
thanks for the bigger context Kali Sunday #19
You're welcome. I wanted to know too. chowder66 Sunday #29
Despicable but not surprising. Spazito Sunday #3
My first thought was how very Trumpian. jls4561 Sunday #4
I met that a hole back in the 90's at a security traders event through a guy who worked at Cantor Fitzgerald kimbutgar Sunday #5
He fits right in with Trump and company. badhair77 Sunday #6
"The Brotherhood of Crooks and Cronies"! calimary Sunday #14
😃 badhair77 Sunday #25
Trump stole as well Traildogbob Sunday #7
Somehow the executives knew to go to Texas that morning ChicagoTeamster Sunday #10
dead peasant insurance rampartd Sunday #12
Of course he did, that's the only type person that would be invited ToxMarz Sunday #11
Excuse my language... lonely bird Sunday #13
It's hilarious Greg_In_SF Sunday #15
or rather INcomplete bullshit Kali Sunday #18
Yep! Greg_In_SF Sunday #20
We can do infinitely better prosecuting rich and connected criminals dlk Sunday #16
Because they arent leaders to begin with.. BattleRow Sunday #17
Indeed dlk 21 hrs ago #34
No wonder Drumpf loved him. Fucking people is a virtue with these miscreants. It's that simple.n/t Evolve Dammit Sunday #21
Kick dalton99a Sunday #22
Post removed Post removed Sunday #23
Sick fucks gonna sick fuck Blue Owl Sunday #24
Attorneys in the USA are scammers. Jacson6 Sunday #26
Now he travels about with that shit eating smile BlueWaveNeverEnd Sunday #27
Krasnov also stole 125,000mil from 9/11 even tho props weren't close. No damage. All scum!!! tazcat Sunday #28
Goldman Sachs isn't a bank. It's the world's largest big money laundering operation and pyramid scheme in history. Initech Sunday #30
You mean Cantor Fitzgerald? WarGamer 21 hrs ago #36
Bastard! calimary Yesterday #31
IOW, he behaved like......A REPUBLICAN Skittles Yesterday #32
This leaves out an incredible amount of detail WarGamer 21 hrs ago #35
I'm sure Howard and Co appreciate the support/clarification. BannonsLiver 2 hrs ago #37
Latest Discussions»General Discussion»Howard Lutnick stole most...»Reply #8