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chowder66

(12,042 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
Yesterday

"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 Yesterday #1
WOW! I Still Remember Him Around 9/11 Bursting Into Dry Tears ForeGoneLegsBirne 5 hrs ago #33
First off, what a dick, and 2ndly, anyone know the date of the original article? AZJonnie Yesterday #2
They provided 25% of the firm's profits to 9/11 families, a total of at least $180 million chowder66 Yesterday #8
So, the quoted article is from 2016. Thank you! AZJonnie Yesterday #9
thanks for the bigger context Kali Yesterday #19
You're welcome. I wanted to know too. chowder66 18 hrs ago #29
Despicable but not surprising. Spazito Yesterday #3
My first thought was how very Trumpian. jls4561 Yesterday #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 Yesterday #5
He fits right in with Trump and company. badhair77 Yesterday #6
"The Brotherhood of Crooks and Cronies"! calimary Yesterday #14
😃 badhair77 21 hrs ago #25
Trump stole as well Traildogbob Yesterday #7
Somehow the executives knew to go to Texas that morning ChicagoTeamster Yesterday #10
dead peasant insurance rampartd Yesterday #12
Of course he did, that's the only type person that would be invited ToxMarz Yesterday #11
Excuse my language... lonely bird Yesterday #13
It's hilarious Greg_In_SF Yesterday #15
or rather INcomplete bullshit Kali Yesterday #18
Yep! Greg_In_SF 23 hrs ago #20
We can do infinitely better prosecuting rich and connected criminals dlk Yesterday #16
Because they arent leaders to begin with.. BattleRow Yesterday #17
Indeed dlk 39 min ago #34
No wonder Drumpf loved him. Fucking people is a virtue with these miscreants. It's that simple.n/t Evolve Dammit 23 hrs ago #21
Kick dalton99a 22 hrs ago #22
Post removed Post removed 21 hrs ago #23
Sick fucks gonna sick fuck Blue Owl 21 hrs ago #24
Attorneys in the USA are scammers. Jacson6 21 hrs ago #26
Now he travels about with that shit eating smile BlueWaveNeverEnd 20 hrs ago #27
Krasnov also stole 125,000mil from 9/11 even tho props weren't close. No damage. All scum!!! tazcat 19 hrs ago #28
Goldman Sachs isn't a bank. It's the world's largest big money laundering operation and pyramid scheme in history. Initech 18 hrs ago #30
You mean Cantor Fitzgerald? WarGamer 25 min ago #36
Bastard! calimary 15 hrs ago #31
IOW, he behaved like......A REPUBLICAN Skittles 10 hrs ago #32
This leaves out an incredible amount of detail WarGamer 26 min ago #35
Latest Discussions»General Discussion»Howard Lutnick stole most...»Reply #8