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Howard Lutnick: “We take a company of ours public, and it's the weirdest deal…”

Featuring: Howard Lutnick, Secretary of Commerce | National

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Published | Video Starts at 52:06

Right, right. Who gave of themselves 25% of their pay. Yeah. How can I go forward and be like a businessman again if all these people have done that? So We take a company of ours public, and it's the weirdest deal on Wall Street because I give my shares double what each of those people gave. So let's say in the example I gave, you gave 50,000. The next you got a raise. So you gave 55,000. Then you gave 1665 and 70,000. (52:06–52:20)

CLAIM

Asserts that Howard Lutnick gave employees double the shares they contributed when taking a company public.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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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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