Howard Lutnick and the Two Terrors

Ernest Becker (1924-1974) wrote in The Denial of Death that a man lives pinned between two fears he can never fully face. The first is death: the body that rots, the heart that stops, the animal end that comes for everyone. The second runs the other way. It is the dread of counting for nothing, of passing through the world and leaving no mark on the order of things. A man builds a hero system to carry both fears at once. The hero system tells him what a life is worth and what earns a place in a scheme that outlasts the flesh. Win that place and the worm loses some of its power. The body ends. The name goes on.

Howard Lutnick (b. 1961) lives because of a staircase.

On September 11, 2001, he walked his five-year-old son Kyle up the stairs to a kindergarten classroom. His firm, Cantor Fitzgerald, sat on floors 101 to 105 of the North Tower. He was supposed to be at his desk. Instead he held a small hand. Flight 11 struck below his offices. Every Cantor employee in the building that morning, 658 men and women, died. Among them were his brother Gary, thirty-six, and his closest friend, Doug Gardner. Lutnick drove downtown, reached the door of the tower, pulled people out as they came, then heard the South Tower fall and ran from the cloud that chased him up the street.

That morning is the furnace under everything he has built. Becker helps name what the furnace did.

The deaths started early. Lutnick’s mother died of lymphoma when he was sixteen. His father, a history professor at Queens College, died his freshman year of college from an accidental overdose of chemotherapy drugs. The grandparents and aunts and uncles, in his telling, stepped back. He has put the lesson in one sentence many times. You are either in or you are out. What remained, he says, was three people: Gary, his sister Edie, and himself. They learned to live without the rest of the family. All of them, he says. All of them.

This is the story Lutnick tells about who he is, and it is a story of subtraction. Strip away the relatives who left. Strip away the comfort that proved false. Strip away, on one September morning, almost the entire firm. What remains, in the story, is the truth: a small circle of the loyal, and a man who has learned what a circle is for. Loss did not break him, he says. It clarified him. Grief burned away the inessential and left the mission standing. He told the Senate at his confirmation hearing that his surviving employees stitched his soul back together. He says he kept his brother for himself, waited to hold Gary’s memorial until everyone else’s was done, and named things for Gary last, after the others were cared for.

A man with a story like that does not need to be told what his sacred values are. He will hand them to you. Loyalty. Family. Survival. Taking care of your own. The trouble starts when you notice that those words do not carry the same cargo from one hero system to the next, and that Lutnick’s enemies and admirers have been arguing past each other for twenty-five years because they were never using the same dictionary.

Take loyalty. Becker would say loyalty is never loyalty in the abstract. It always sits inside a scheme that decides what a man owes and to whom, and the scheme is what makes the word mean anything.

To a platoon sergeant, loyalty means no man left on the field, and a debt to the dead paid out across a lifetime in letters to their mothers and in the carrying of their names. The dead stay on the roster. To a Bedouin clan elder, loyalty means blood and the tent: you feed kin, you shelter kin, and the man outside the tent is outside by the order of the world, owed hospitality but not belonging. To a triage surgeon working a mass-casualty floor, loyalty runs the opposite direction. He stops treating the man he cannot save so he can save the three he can, and to grieve at the table is to betray the living. To a Trappist abbot, loyalty to the dead means letting them go to God and building no monument at all, because the name carved in stone is vanity and the only durable thing is the soul returned to Him. To a Sicilian widow who keeps her husband’s shop open after his funeral, loyalty means the shutters go up every morning and the name over the door does not come down, because the shop is the man and closing it would kill him twice.

Now read Lutnick through those competing systems and the old quarrel resolves into a single collision.

Within days of the attack he stopped the paychecks of the men who had died. Many of the families heard that as the purest disloyalty, the boss abandoning the dead before the dust settled. He has explained it as the triage surgeon explains it: the firm went from making a million dollars a day to losing a million a day, and a company cannot rebuild on the books of men who can no longer trade. Stop the bleeding or the patient dies. Then, weeks later, he authorized roughly forty-five million dollars in bonuses to those same families, and built the Cantor Fitzgerald Relief Fund, which gave a hundred and eighty million dollars to the people of the dead. Twenty years on the firm employed twelve thousand people, sixty of them the children of employees killed that day.

The bereaved who hated the first act and the public who admired the second were both right, because they were watching two hero systems wear the same word. The triage stop and the clan provision came from one conviction, and the conviction is the engine of the whole life: the firm cannot die. It cannot die because the firm is the body that holds the dead. Let Cantor Fitzgerald close and Gary dies a second time, and Doug, and the 656 others. So survival is not greed and never was. Survival is resurrection. The lights stay on so the names stay alive. He goes to the memorial in Central Park every year and tells the families not to eulogize but to bring the man back to life, tell us about him, speak to other people’s hearts. He learned the Eucharist by heart across denominations, Catholic and Presbyterian and Episcopal, and at the Catholic funerals he would join the communion line, step out at the front, greet the family, and leave for the next service. Twenty funerals a day for thirty-five days. A man does that only if the dead are, to him, the most pressing fact in the room.

Here Becker turns the screw. The hero system that saves a man can also wall him in, because it decides not only whom he serves but whom he does not see. The lesson of 1979, you are either in or you are out, is a fence as much as a creed. It draws a tight circle of care and leaves the rest of the world standing outside it as simply out. Watch what happens when the circle scales up.

Lutnick is now the forty-first Secretary of Commerce, confirmed in February 2025 on a party-line vote. The hero system did not change when the office did. It widened. Provision, the deal, take care of your own: he has applied the firm-survival logic to a nation. The tariffs protect the household writ large. The trade agreements, advertised at sums the firm could never have reached, run on the same conviction that you secure your own and the others are across the river. America First is the tight family circle drawn around three hundred million people, and the man drawing it learned the shape of a circle the year his relatives stepped out. He counts the wins the way a trader counts a book, in billions and trillions, in jobs and deals and fines, because the ledger is the proof that the dead were honored and the patient lived.

How much of this does he see in himself? More than most men see, and that is worth saying plainly. He names the grief as the source. He says rebuilding his soul and his firm defined his passion for life and family and work. He does not hide the engine. He puts it on the table at a Senate hearing and chokes up doing it.

The subtraction story has a seam, though, and an honest accounting has to find it. The story says loss made him a clear seer, a man whose grief burned off illusion and left him able to read people fast and true. He likes to tell how he read Jeffrey Epstein in the six to eight steps between their houses, decided the man was disgusting, and swore in 2005 never to share a room with him again. Yet he kept contact with Epstein for years after, and files released in January 2026 showed that contact ran wider and longer than the clean parable allows. Becker would not call this hypocrisy and neither will I. He would call it the cost of an immortality project. The project needs its hero to be the one who sees true, and the data the project cannot absorb gets left out of the telling, not from malice but because the self that survives on clarity cannot afford to file the contradiction. Every man edits. The clear seer edits more, because clarity is the thing he cannot lose.

Three coordinates, then, to fix the shape of the man.

The shape of the hero is the provider who turns death into an enterprise that cannot be allowed to fail. He keeps the dead alive by keeping the lights on. Grief is the fuel and the firm is the engine, and the nation is the firm grown large. He does not flee the loss. He puts it to work.

The unnamed rival is not a person. It is forgetting, the second death, the day the names go unread. Beneath that sits a quieter rival, and it might be the true one: contingency. He lived because of a staircase and a five-year-old’s first morning of school. The suspicion that survival was an accident and means nothing is the thing he builds against every day. He cannot let his own life be random. So he makes it owe a debt, and he pays the debt in public, at scale, in numbers anyone can read.

The cost the ledger cannot price is the one column that will not convert. Lutnick counts everything in dollars, and the counting is half of how he loves. But the man who can price a hundred and eighty million in relief and trillions in trade cannot put a figure on Gary. So he kept his brother for himself, held his memorial last, named things for him last, because that loss does not enter the books that built the firm. The ledger that made him cannot reach the loss that made him. He runs the numbers, and somewhere off the page a brother is still on the phone with their sister, saying he is there, and that he is going to die, and that he loves her, and saying goodbye.

About Luke Ford

I teach Alexander Technique in Beverly Hills (Alexander90210.com).
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