Worthwhile
Blog Podcasts The Dialogue Magazine About Us
BLOG SEARCH
ONLINE
MAGAZINE
Subscribe
GENERAL
FAQ
WORTHWHILE FOUNDERS

Sign up for Worthwhile's free weekly e-zine.


 
Home > Blog > Three Cheers for These Guys
Out of Our Minds
Saturday, September 11, 2004 1:52 PM
Three Cheers for These Guys
Kevin Salwen on Making a Difference

As we recognize the three-year anniversary of the September 11 tragedy, here's a ray of light: Cantor Fitzgerald, the bond-trading firm that lost nearly a third of its worldwide staff in the terrorist attack, is back. The firm is profitable, is adding employees rapidly and (best of all) has made good on its pledge to devote 25 percent of its profits for five years to victims' families, the Wall Street Journal reports.

If there's a company you want to root for it's Cantor Fitzgerald. The CEO, Howard Lutnick, became a household face after 9/11, reflecting a combined compassion and determination that America felt with him. Now it's great to learn that Cantor and Lutnick have followed through. Lutnick told the WSJ that the firm has provided $85 million to victims' families in the three years.

The Journal also reports that the firm's eSpeed trading system (of which Cantor owns 46 percent) is struggling. Profits are lagging there. But when the paper asked Lutnick about eSpeed, he shrugged it off: 'We've gotten through much tougher issues than these successfully.' Indeed. Go get 'em, Howard.


2 comments

Bovine Growth Hormone - 2/24/2005 3:38:48 PM
http://www.hghadvisor.com/hgh_shop.html Bovine Growth Hormone
Victor Lombardi - 9/13/2004 7:12:45 PM
As a New Yorker who as worked in the financial services industry, I'd put Cantor at the bottom of my respect list. Here's a summary of the issues:
http://www.rotten.com/library/crime/corporate/canter-fitzgerland/

Name:  
Email:  
URL:
Comments:
 

Enter this
code below:
 What is this?
Code:  
Home   |   Blog   |   Blog Archive   |   Podcasts   |   The Dialogue   |   Subscribe   |   Advertise   |   Customer Service
About Us   |   Contact Us   |   Resources / Promotions   |   FAQ
Copyright © 2006 dash30, Inc. All rights reserved. Privacy Policy. 66