Posted by: Bill von Achen | September 11, 2011

Howard Lutnick on the Economy

Last Thursday evening, I watched the President speak before Congress about his plan to reinvigorate the U.S. economy and to put millions of unemployed Americans back to work. Then, on Friday evening, I heard a fascinating interview with Howard Lutnick, the head of the investment firm Cantor Fitzgerald, that touched on the very same subject.

As you may remember, Cantor Fitzgerald lost almost 700 employees in New York 10 years ago today. Lutnick escaped because he delayed his arrival at work to take his son to his first day of school. Despite overwhelming grief (Lutwick lost his own brother in the attack) and with the deck stacked against him, Lutnick rebuilt the firm, which now boasts over 1500 employees in New York alone. I think that qualifies him to offer an opinion about what’s necessary to rebuild our economy.

You can view the relevant clip from Piers Morgan’s interview with Howard Lutnick by going to our Resources page at www.bestpracticesforbusiness.com/resources and clicking on the first link under “Leadership.” The interview segment runs a little more than two minutes, but you’ll have to sit through a 30 second commercial first (!).

Spoiler alert-You’ll love what he has to say about Warren Buffet’s call to increase taxes on the wealthiest Americans.

Share your thoughts about Howard Lutnick and his proposal for the economy by posting your comments here.  Thanks!


Responses

  1. This is the first time I have heard a business executive propose an idea regarding “jump starting” the US economy that actually made sense. I wish executives, with capital, would do something like this and promote what they are doing to increase employment. Hoarding money doesn’t seem to be doing the job


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