Cantor Fitzgerald, where Obama will be paid for speaking, lost 658 employees in the 2001 WTC attack. [View all]

[pnwmom]

Last edited Sat Apr 29, 2017, 03:18 AM - Edit history (8)

68% of its employees -- more than any other employer at the Center or among police and security forces. And Cantor Fitzgerald kept its promises to share profits with and pay healthcare expenses for the families of the employees it lost.

This is the Wall Street firm where Obama will be giving his $400K healthcare speech.

In case anyone has misunderstood, Cantor Fitzgerald is NOT Goldman Sachs.

ON EDIT: musette_sf has posted a very important letter at # 5 below. Please read!
https://www.democraticunderground.com/10028993065#post5

ON EDIT: an important piece about the head of Cantor Fitzgerald, who lost his brother in the attack.
http://www.businessinsider.com/cantor-fitzgerald-9-11-story-howard-lutnick-2011-9

http://www.cnbc.com/2017/04/26/obama-to-be-paid-400000-for-cantor-fitzgerald-speech.html

Obama to be paid $400,000 for Cantor Fitzgerald speech

On Tuesday a person familiar with the arrangement confirmed that Mr Obama had agreed to appear as the keynote speaker at Cantor's annual healthcare conference in September.


https://en.wikipedia.org/wiki/Cantor_Fitzgerald

Cantor Fitzgerald's corporate headquarters and New York City office,[6][7] on the 101st–105th floors of One World Trade Center in Lower Manhattan (2–6 floors above the impact zone of a hijacked airliner), were destroyed during the September 11, 2001 attacks. At 8:46:46 A.M., six seconds after Cantor's tower was struck by the plane, a Goldman Sachs server issued an alert saying that its trading system had gone offline because it wasn't able to connect with a Cantor server.[8][9][10] Cantor Fitzgerald lost sixty-eight percent of its workforce, considerably more than any of the other World Trade Center tenants or the New York City Police Department, the Port Authority of New York and New Jersey Police Department, the New York City Fire Department, and the United States Department of Defense. CEO and chairman Howard Lutnick, whose brother was among those killed, vowed to keep the company alive, and the company was able to bring its trading markets back online within a week. On September 19, Cantor Fitzgerald made a pledge to distribute 25 percent of the firm's profits for the next five years, and committed to paying for ten years of health care, for the benefit of the families of its 658 former Cantor Fitzgerald, eSpeed, and TradeSpark employees (profits which would otherwise have been distributed to the Cantor Fitzgerald partners).[11] In 2006, the company completed its promise, having paid a total of $180 million (and an additional $17 million from a relief fund run by Lutnick's sister, Edie).