BGC's annual report says Howard Lutnick resigned as executive chairman and director on February 18, 2025, when he became commerce secretary, and that his son Brandon became BGC chair while Lutnick family control continued through Cantor entities.
Lutnick resigned from BGC and Cantor leadership on confirmation day
Back to results- Date
- 2025-02-18
- Evidence status
- documented
- Current status
- Former BGC and Cantor executive; divestiture completed later in 2025
The ledger
23,302 matching recordsKing in All but Name — The record2025-02-19Donald J. Trumplinked by cited action or authorityAmerica First Audit — King in All but Name1 sourceDOGE documented $16.5 billion beneath a $55 billion savings headline2025-02-19Elon Muskoversaw DOGE while it published the savings ledgerU.S. DOGE Service1 sourceDOGE documented $16.5 billion beneath a $55 billion savings headline2025-02-19Donald J. TrumpTrump-appointed senior adviser who led DOGE workElon Musk1 sourceAgency-minimum order triggered conflicting rulings over whether statutory work could continue2025-02-19Donald J. Trumpordered agency reductions throughCommencing the Reduction of the Federal Bureaucracy2 sourcesBenefits order expanded immigration screening into housing, health, and community grants2025-02-19Donald J. Trumprestricted benefit access throughEnding Taxpayer Subsidization of Open Borders2 sourcesDOGE corrected an $8 billion ICE savings entry that was actually $8 million2025-02-18Elon Muskled DOGE during the wall-of-receipts errorU.S. DOGE Service1 sourceDOGE corrected an $8 billion ICE savings entry that was actually $8 million2025-02-18Donald J. TrumpTrump-appointed senior adviser who led DOGE workElon Musk1 sourceThe White House denied Musk legally led DOGE while Trump publicly credited him with doing so2025-02-18Elon Muskpublicly directed work while formal leadership remained disputedU.S. DOGE Service2 sourcesThe White House denied Musk legally led DOGE while Trump publicly credited him with doing so2025-02-18Donald J. TrumpTrump-appointed senior adviser who led DOGE workElon Musk1 sourceThe White House denied Musk legally led DOGE while Trump publicly credited him with doing so2025-02-18Donald J. TrumpTrump White House chief of staffSusie Wiles1 sourceIndependent-agency order centralized rule review and legal interpretation in the White House2025-02-18Donald J. Trumpasserted White House control throughEnsuring Accountability for All Agencies2 sourcesSenate confirms Lutnick as commerce secretary2025-02-18Donald J. TrumpTrump-appointed commerce secretaryHoward Lutnick2 sourcesLutnick resigned from BGC and Cantor leadership on confirmation day2025-02-18Cantor Fitzgerald, L.P.continued controlling BGC voting interest through family controlBGC Group, Inc.2 sourcesLutnick resigned from BGC and Cantor leadership on confirmation day2025-02-18Donald J. TrumpTrump-appointed commerce secretary and former chief of Cantor FitzgeraldHoward Lutnick2 sourcesFDA layoffs included reviewers working on Musk's Neuralink2025-02-17Elon Muskbenefited from removal of assigned regulatory reviewersNeuralink1 sourceFDA layoffs included reviewers working on Musk's Neuralink2025-02-17Neuralinkhad implant products under review byFood and Drug Administration1 sourceFDA layoffs included reviewers working on Musk's Neuralink2025-02-17Donald J. TrumpTrump-appointed health and human services secretaryRobert F. Kennedy Jr.1 sourceFDA layoffs included reviewers working on Musk's Neuralink2025-02-17Donald J. TrumpTrump-appointed senior adviser who led DOGE workElon Musk1 sourceNuclear-security dismissals were hurriedly reversed after safety warnings2025-02-17Elon Muskfired and then sought to rehire nuclear-security specialistsNational Nuclear Security Administration2 sourcesNuclear-security dismissals were hurriedly reversed after safety warnings2025-02-17Donald J. TrumpTrump-appointed senior adviser who led DOGE workElon Musk1 sourceNuclear-security dismissals were hurriedly reversed after safety warnings2025-02-17Donald J. TrumpTrump-appointed OMB director and acting CFPB directorRussell Vought1 sourceDOGE sought access to individual taxpayer records at the IRS2025-02-16Elon Musksought access to personal taxpayer dataInternal Revenue Service2 sourcesDOGE sought access to individual taxpayer records at the IRS2025-02-16Donald J. TrumpTrump-appointed senior adviser who led DOGE workElon Musk1 sourceDOGE sought access to individual taxpayer records at the IRS2025-02-16Donald J. TrumpTrump-appointed OMB director and acting CFPB directorRussell Vought1 sourceSchool vaccine-funding threat had little immediate reach because mandates were already rare2025-02-15Donald J. Trumpconditioned school funding throughKeeping Education Accessible and Ending Covid-19 Vaccine Mandates in Schools2 sourcesMusk's DOGE Role and Existing Federal Contracts — Audit finding2025-02-145 sourcesMusk's DOGE Role and Existing Federal Contracts — The record2025-02-14Donald J. Trumplinked by cited action or authorityAmerica First Audit — Musk's DOGE Role and Existing Federal Contracts1 sourceCFPB agreed to reimburse DOGE for as many as five full-time staff2025-02-14Elon Muskplaced reimbursable DOGE staff inside CFPBConsumer Financial Protection Bureau2 sourcesCFPB agreed to reimburse DOGE for as many as five full-time staff2025-02-14Donald J. TrumpTrump-appointed senior adviser who led DOGE workElon Musk1 sourceCFPB agreed to reimburse DOGE for as many as five full-time staff2025-02-14Donald J. TrumpTrump-appointed OMB director and acting CFPB directorRussell Vought1 sourceDOGE entered the Pentagon while Musk companies held billions in defense work2025-02-14Elon Muskopened defense spending review to a major contractor's teamU.S. Department of Defense2 sourcesDOGE entered the Pentagon while Musk companies held billions in defense work2025-02-14U.S. Department of Defenseheld launch and communications contracts withSpaceX2 sourcesDOGE entered the Pentagon while Musk companies held billions in defense work2025-02-14Donald J. TrumpTrump-appointed defense secretaryPete Hegseth1 sourceDOGE entered the Pentagon while Musk companies held billions in defense work2025-02-14Donald J. TrumpTrump-appointed senior adviser who led DOGE workElon Musk1 sourceThe aid freeze interrupted contraception, maternity, and gender-violence services2025-02-13Elon Muskfroze health programs serving women and girlsU.S. Agency for International Development1 sourceThe aid freeze interrupted contraception, maternity, and gender-violence services2025-02-13Donald J. TrumpTrump-appointed senior adviser who led DOGE workElon Musk1 sourceThe aid freeze interrupted contraception, maternity, and gender-violence services2025-02-13Donald J. TrumpTrump-appointed secretary of state and acting USAID administratorMarco Rubio1 sourceKennedy takes office as Trump establishes the MAHA Commission2025-02-13Donald J. Trumphealth and human services secretary in Trump's second administrationRobert F. Kennedy Jr.3 sourcesX Account-Suspension Settlement: Audit finding2025-02-124 sourcesX Account-Suspension Settlement: The record2025-02-12Donald J. Trumplinked by cited action or authorityAmerica First Audit: X Account-Suspension Settlement1 source