12/09/2026
On the morning of September 11, 2001, Howard Lutnick was supposed to be at his desk on the 105th floor of One World Trade Center, running Cantor Fitzgerald.
Instead, he was taking his five-year-old son, Kyle, to his very first day of kindergarten.
That tender fatherly milestone saved his life, but it came at a staggering cost. At 8:46 AM, American Airlines Flight 11 struck the North Tower just below Cantor Fitzgerald’s headquarters. In an instant, 658 of the firm’s employees—including Lutnick’s brother Gary—were trapped above the impact zone. Every one of them died.
Lutnick rushed to the scene as the towers collapsed. Surrounded by dust and devastation, he found himself facing a horrific double reality: he had survived, but he was now leading a company that had lost most of its New York workforce. His friends, colleagues, and much of his executive team were gone.
In the emotional days that followed, the media questioned whether Cantor Fitzgerald would simply file for bankruptcy. To make matters worse, Lutnick faced intense backlash when he temporarily suspended payroll payments days after the attack. However, he soon explained the brutal reality: the firm was bleeding cash, and if it went under, there would be no money left to help the families of those who had been lost.
Driven by a profound sense of duty, Lutnick made a quiet promise: Cantor Fitzgerald would survive, and its success would belong to the families left behind.
Over the next five years, the surviving staff worked around the clock under extreme emotional pressure. Lutnick pledged 25% of the firm’s profits for five years to the families of the victims and helped provide healthcare for a decade. Through these efforts, Cantor Fitzgerald distributed more than $180 million to those affected.
But he didn’t stop at financial support. Lutnick made a lasting promise to the children who lost a parent in the attacks: when they grew up, they would have a job waiting for them at Cantor Fitzgerald.
Years turned into decades. True to his word, as those children reached adulthood, the doors of the firm opened to many of them. More than 50 children of the victims have since joined Cantor Fitzgerald, returning to the very company where their parents once worked.
Every year around September 11, Cantor Fitzgerald holds its annual Charity Day, donating 100% of the participating offices’ revenues to charities around the world. What began in the aftermath of unimaginable loss has become an enduring beacon of hope, resilience, generosity, and loyalty.