
Although Lutnick has since divested his business interests to comply with federal ethics law — including his eleven million shares in Newmark — he has passed the company’s torch to his son, Kyle Lutnick. The younger Lutnick, who serves as the executive vice chairman of Cantor Fitzgerald, became a director at Newmark Group when his father left. Kyle Lutnick’s business dealings have overlapped with his father’s policy decisions on a host of issues, drawing scrutiny. For instance, Newmark Group has enjoyed massive windfalls from its data center business, as the New York Times reported in November, while the elder Lutnick pushed for increased data center construction from his post in the Commerce Department.