Beverly Hills 11/18/2009 3:38:37 AM
News / Business

9/11 Trial Causes Renewed Anger Among IB Heads

Financial World News Update by Equities Magazine

News of a trial, in which the alleged plotters behind 9/11 may have the chance to voice their views, has disturbed two investment bank heads who lost employees in the attacks.  Howard Lutnick, chief executive of Cantor Fitzgerald and James Dunne, senior managing principal of Sandler O'Neill, argued that the plan for a trial in close proximity to Ground Zero would be disconcerting.

Cantor, who occupied four of the top floors of the World Trade Center, lost 658 of its 960 New York employees in the attacks. Sandler O'Neill, a privately held investment bank on the 104th floor of the South Tower, experienced 66 causalities, around 38% of its team. Among them, were two of the firm’s three top executives, Herman Sandler and Chris Quackenbush.

Both of the executives have spoken vehemently about their positions believing a platform such as this is the exact kind of exposure they were looking for. "Giving these people a microphone and giving them a stage is repulsive to me," Dunne said on Monday. "But if that is the quickest way to bring them to justice, then I am for it."

Five men, including the supposed organizer of the attacks, Khalid Sheikh Mohammed, return to New York for their trial from Guantanamo Bay, Cuba where they have been held in U.S. military prison.

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