Word: cantor
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Dates: during 2000-2009
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...anguished New Yorkers who lost loved ones in the World Trade Center, Howard Lutnick was perhaps the hardest to watch on TV, especially for anyone who has ever known responsibility for a lot of people. Lutnick, 40, is CEO of the bond-trading firm Cantor Fitzgerald, which appears to have lost as many as 700 of its 1,000 Trade Center employees, those who were at work last Tuesday between the 101st and 105th floors of the north tower--just 10 floors above where the hijacked jet plowed in and exploded...
...community of traders in government bonds is a small one, and Cantor has long been its key player, facilitating deals between buyers and sellers who often like to keep their identities from one another. It is a high-pressure business, with inhuman hours and often with millions of dollars riding on a phone call. One source of Cantor's success is its close-knit character. Many of the veteran brokers had worked together for years, and the intense atmosphere and enormous financial responsibility bred deep friendships...
Many families of the missing frantically hung leaflets, posted messages on the Internet and tried to contact other employees before, as the days went on, hope dissipated. Rachel Aron, a former Cantor employee who left two years ago, lost her stepfather as well as her husband, whom she had met at the firm. Their first anniversary would have been Sunday. Joseph Coppo, 19, the namesake of his father, who perished with close friends and co-workers of 25 years, attended a gathering for Cantor families Thursday night at Manhattan's Pierre Hotel. "I went down to talk...
...remaining Cantor employees, the work to do is enormous, but they have already begun. The bond market reopened on Thursday, and two-year Treasury-bill interest rates dropped to their lowest historical levels as investors sought put their money in an old standby...
...plan is to not let those bastards get us down," said Ken Pforr, a vice president in Cantor's municipal-bonds unit. Besides, as Lutnick observed, the survivors now have a lot more people to take care...