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Howard Lutnick: “I gave a 3/3 of the company to the employees.”

Featuring: Howard Lutnick, Secretary of Commerce | National

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Published | Video Starts at 52:43

So you gave $300,000 over five years. I sold at the IPO 300,000 in your name and gave you 300,000 cash and then gave you 300,000 in stock. For saving my soul. So I gave a 3/3 of the company to the employees. Right. How much do they own now? A third. Right. Have they ever sold? No. We had the lowest turnover of any company because, you know, they just, they knew we cared. (52:43–52:46)

CLAIM

Asserts that Howard Lutnick gave a third of the company to employees.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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