Thanks to eSpeed, Cantor could clear its trades electronically. But the conversations that the widows have now, in their support groups or with friends, will not be turned into tabloid headlines or TV sound bites, and so his image as a man who promised then reneged may never change. Forty years old, and already the head of a powerful financial house, he could peer down on rivals from his office on the 105th floor of One His push into electronic trading helped the firm stay in business after 658 of its workers were killed in the terrorist attacks. [10] In 2008, Lutnick oversaw the merger of BGC Partners and eSpeed, a deal valued at $1.3 billion. Gary, a. When I ask Lutnick whether in all of this he has ever seen a shrink or taken Prozac, he looks at me like Ive lost my mind. The famed CEO of Cantor Fitzgerald feels like he has lived a life in two different worlds, before 9/11 and after, having had his life spared by taking his son to kindergarten that fateful day and now honoring the lives of 650 of his employees. He is best known for being a businessman, who is the Chairman and CEO of Cantor Fitzgerald LP as well as the Chairman and the CEO of Bernard Gerald Cantor (BGC) Partners, Inc. Is that okay with you guys?. The family members are very much . Anne Wodenshek, a New Jersey mother of five children whose husband, Christopher, ran Cantors power-and-energy-brokerage department, admits, I was irritated when they cut the paychecks off, because I didnt think Christopher was dead. Bond Funds Gains Help Buoy Support for Money Manager. It had to be about Haverford College. Cantor, he promised, would give the families 25 percent of its profits over the next Lutnick was in his son's classroom when he first heard news of the attacks that would forever change his life and his firm. The e-mail surfaced after Cantor sued ICAP in London for hiring away one of Cantor, after all, was losing money. There were toasts by Lutnicks older sister, Edie, and younger brother, Gary, about how Howard had become the rock of the family after their parents died two decades ago. Cantor Fitzgerald certainly suffered a tremendous loss, but it might also be one of the greatest comeback stories on Wall Street. The apartment became a command center right after the attack, as dazed survivors arrived to compile a list of the dead and the living. But thats not what the partnership agreement said.. simply was no money. But he lost his brother, his best friend and an unimaginable 658 employees. He bets that I have a larger brokerage statement than he does and that the net-worth calculations are all funny money, based on the value of Cantor Fitzgerald if he were to sell the company which hes never shown any intention of doing. I thought, Im going to die. Quotations by Howard Lutnick, American Businessman, Born July 14, 1961. Everyones too busy. [16], In a short time after the attacks, Lutnick made several public appearances, and quickly became one of the most iconic figures from September 11. It was horrible. [12], At the time of the September 11 attacks, Cantor Fitzgerald's offices occupied the 101-105th floors in the World Trade Center's North Tower, just above where a hijacked plane hit the building. Indeed, until 9/11, the company was based at the World Trade | 25 comments on LinkedIn Its unbelievable! That morning, Lutnick also announces that eSpeed the publicly traded division of the privately held Cantor is actually expected to be profitable in the fourth quarter. No!. Gary F. Lutnick (Epsilon Rho/Rider 1987)November 3, 1964 - September 11, 2001. I needed my bankers to know that I was in control, Lutnick says. Howard was summoned by a school staff member to the lobby, where he learned from his driver, Maio, that a plane had hit the Trade Center. Howard Lutnick was born July . And it would provide health insurance coverage to families for 10 years. A judge later ruled that ICAP had broken the rules by hiring that one employee but not others, saying Cantors bullying behavior had driven the other employees By clicking Sign up, you agree to receive marketing emails from Insider Howard Lutnick, chairman . He reminisces about how he recruited his buddy Doug Gardner, who left his fathers real-estate firm to join Cantor Fitzgerald. Wednesday October 20 2021, 12.01am BST, The Times. Practically twice a day for weeks, the building has been evacuated because of bomb scares phoned in by some apparent wacko targeting Warburg. Every person who came to work for me in New York, everyone who was at the office, every single one who was there isnt there anymore, he told Larry King on CNN on Sept. 19, his voice cracking. You Are 'Untouchable', "NYJTL Recognizes New York City Leaders Howard Lutnick and John McEnroe", "Bloomberg Commercial Real Estate Conference 2011", "Manhattan Youth Baseball 'Grades to Play' Charity Event honoring Howard W. Lutnick", "Abby Elliott, Carly Rose Sonenclar & More Set for Starlight Children's Foundation's Annual Gala Read more about Abby Elliott, Carly Rose Sonenclar & More Set for Starlight Children's Foundation's Annual Gala", https://en.wikipedia.org/w/index.php?title=Howard_Lutnick&oldid=1136945686, Douglas B. Gardner '83 Integrated Athletic Center, Ranked #4 Most Important People in Commercial Real Estate Finance by Commercial Observer (2013), Ranked #5 Among NJBIZ's "Power 50 Real Estate (2012), Worldwide Orphans Foundation honoree (2012), Ranked #18 on Commercial Observer's Annual Power 100 (2012), New York Junior Tennis & Learning (NYJTL) Leadership Award (2011), Federal Enforcement Homeland Security Foundation Honoree, Commencement Speaker at Vanderbilt University, National September 11 Memorial & Museum, Board of Directors, Haverford College, Board of Managers Co-Chair, Intrepid Sea, Air & Space Museum, Board of Trustees Vice Chairman, Solomon Guggenheim Museum Foundation Trustee, Partnership for New York City Board of Directors, This page was last edited on 2 February 2023, at 00:11. Cantors survivors of Sept. 11 have a special bond, he says. While the payments to the families ended five years ago, the Cantor Fitzgerald Relief Fund is still a full-time pursuit for Edie Lutnick. There would be no point.. employees, before anyone even knew just how many had died. a lifetime. They gave each company its own management team. And then it suddenly sucked back in itself. Youre either in or youre out, Lutnick says. This film follows Howard Lutnick, the head of the company as he struggles to rebuild, cope with the incredible loss of life, including the loss of his own brother and compensate the families of the friends who were lost in that fateful day. This password will be used to sign into all, I Inherited Millions From My Mother, and Everyone Knows, 21 Things on Sale Youll Actually Want to Buy: From REI to Urban Skin Rx, 6 Stand-ups Analyze ChatGPTs Attempts to Steal Their Jobs, 10 Things That Delighted Us Last Week: From Glass Jars to Guayabera Shirts. Four days after the attack, with the nation stunned and ground zero smoldering, Mr. Lutnick cut off paychecks to the families of his Lutnick and his wife Allison have three sons - Kyle, a senior at Stanford and part-time rapper, Brandon, also studying at Stanford and Ryan, at whose bar mitzvah Rich the Kid performed - and a. But its not. Cantor Fitzgerald lost more than any other firm on 9/11. He spent two and half years recovering and returned to work in 2004. Where is Howard Lutnick from? More details about his role at BGC Partners can be read here. Lutnick was the middle child of the family, whose siblings were an elder sister Edie and a younger brother Gary. Mr. Lutnick has slowly rebuilt old businesses and pushed into new ones, including, of all things, sports betting in Las Vegas. five years. There are huge color photos of Howard and happy-go-lucky Gary, arms around each others shoulders, horsing around. Perched on the credenza near his desk is a bronze sculpture of a hand, a Rodin that was recovered from the wreckage of the towers. Lutnick became president of Cantor Fitzgerald at 29 after making a series of profitable trades for founder Bernie Cantor. So many Cantor brokers were killed that Mr. Lutnick had little choice but to shut many of his trading desks. Some people died because they happened to be at the World Trade Center on Sept. 11, 2001. like Cantor, firms known as interdealer brokers, to trade bonds without tipping their hands. He is a Sept. 11 survivor, one of the 74 people who worked for Cantor before the attacks and who still work there today. . The finish is seared. Also, they have four children. That day, eSpeed stock soars more than 20 percent, almost reaching its pre-September 11 level, and all afternoon Cantors hardworking band of brokers stops by Lutnicks office to exchange high-fives and call out, Way to go! Its not just Howard Lutnick, they are relieved to discover, who thinks Cantor Fitzgerald will survive. Silence. He sits 103 stories lower than before, on the second floor. Edie and Howard have an intense sibling bond forged as orphaned young adults; he visibly relaxes in her presence. The three siblings were extraordinarily close: they lived. [5], The president and dean of Haverford, an institution priding itself on a Quaker heritage, called Lutnick a week after his father's death and offered him a full scholarship for his education there. [14] Four days after the attacks, on September 15, Lutnick announced amid much controversy, that he would have to stop the paychecks of nearly 700 employees who were missing or had died. He was covered with concrete and dust, she says. These questions are part of our public need, both empathetic and voyeuristic, to plumb the depths of his companys tragedy. It was just the three of us. I hate these stories that say this place is ghostly and its haunted, he says, almost entreating. Just as Lutnick is forever thankful for Haverford's role in his life, the school is grateful for Lutnick's continued support and incomparable generosity. Then, that October, Cantor sent out more than $45 million in bonus payments, the first of many checks to come. I thought, I just have to get there. He ran toward 1 World Trade Center as people came pouring out, and he stood out front yelling, What floor, what floor? The numbers climbed as high as 91 when he heard the terrible sound. The rumor is that Bernie Cantor invented the name so a Jewish guy could break into the Irish-dominated bond market, says Fraser. This Long Island native, named best flirt in high school, is a champion talker, but hes under too much pressure now to follow a script. By the 15th, he was the Dickensian villain whod cut off the widows mite, the paychecks of the dead, to assure the bankers of his sangfroid. The business of bond traders is people fighting for one hundredth of a penny, Breeden says. Perhaps the only reason Cantor Fitzgerald's chief executive Howard W. Lutnick didn't perish during the September 11th terrorist attacks on the World Trade Center is thanks to his young son.. Fifteen years ago, Edie Lutnick was a lawyer with an office on the 101st floor of the World Trade Center. Lutnick delightedly tells his colleagues that Lauren Manning and Harry Waizer, two employees who were severely burned by a fireball of jet fuel that hit the lobby of the Trade Center, are making good progress. He says Cantor is a different company today. In 2004, Lutnick and then head of the London office Lee M. Amaitis decided to split Cantor Fitzgerald into two separate operations. The move enabled BGC to raise the money it needed. We played with the cards the terrorists left us, he says. He was the middle child of three; his siblings were Gary, his younger brother, and Edie, his older sister. Next to the bigger, richer, more famous firms the Goldmans and Merrills and Morgans of the world The president surprised and angered some Democrats by declining to veto a GOP effort to block a D.C. bill. Today, she, too, says the concerns about Mr. Lutnicks sincerity were overblown. Not a bet on me when I was Howard Lutnick, and I was a rock star. I dont think thats a bad thing. We walk through another bedroom that has been turned into an enormous closet, a Barneys-like display of black leather womens coats, shelves of purses, sweaters, and shoes, and Lutnicks Zegna shirts. After the buildings collapsed, some experts argued that helicopters could have saved many Cantor employees, if only the roof of the Trade Center hadnt been locked and rescue choppers were allowed to land. You stay.. Shes scared and sad; maybe hell look at the numbers again. [5][17], In 2006, the firm donated $180 million to the relatives of their employees affected by the 9/11 attack. You see a really, really big wave. There is a certain intensity it brings among the people who were there, Mr. Waizer says. Family and Friends Weekend Keynote: Howard Lutnick '83, "Its magic, almost." [5][14] Combined, this package totaled more than $100,000 for each family. This unit had During his first week at school, Lutnick's father died while in a hospital being treated for colon and lung cancers. Share with your friends. Billionaire Howard Lutnick, chief executive officer of Cantor Fitzgerald LP, has non-Hodgkin's lymphoma and expects treatment to leave him cancer-free within four months. He belongs to a Jewish family. She told Connie Chung that Mr. Lutnick was not liked But these beautiful rooms feel haunted. "They took a bet on me. On That Day, 9/11, Howard Lutnick, CEO of Cantor Fitzgerald, which occupied the 101-105th World Trade Center floors, lost his brother, age 36, plus 658 . The warring parties ultimately settled, but the relationships had turned so ugly that Iris hired security guards who literally blocked Lutnick at the door when he showed up in Los Angeles to attend Cantors July 1996 funeral. Perhaps more than any other company, Cantor came to symbolize the horrors of Sept. 11. Many are still getting health insurance. ESpeed thrived in 2002 and 2003, thanks in part to the nations ballooning debt. Allison and Howard Lutnick, . In 2005 alone, BGC added 1,000 brokers. by floor by floor, and Mr. Lutnick ran. We could either get run over by the future or be part of it., And he has his defenders. Just because it never happened doesnt mean they cant get back together. You have to live.. We lost all our producers. But in the next moment, hes overcome by sadness. Riding back to Manhattan in the 8 p.m. darkness, his driver Jim Maio at the wheel of his black Chevy Suburban, Lutnick slumps in his seat. When they called to say they were running late, he reminded them they needed photo I.D. Its all about not looking soft on crime. Now raising a 3-year-old and an 8-month-old on her own, Rocha says, Ten years of health insurance would be enough for me. Lutnick, then 18, was forced to hire a lawyer to settle the debt his father left behind. ? and then I hear this high, screaming sound the elevators are crashing. Howard Lutnick was born to a Jewish family in Jericho, Long Island on July 14, 1961, the son of Solomon Lutnick, a history professor at Queens College and Jane Lutnick, an artist. To sit with Lutnick for six straight hours as he holds meetings and makes calls is to witness a startling array of mood changes. Litigation category A family's . But he is doing much more than we could have imagined., In comparing notes with widows whose husbands worked for other firms, she concluded that Lutnicks financial package is relatively good: ten years of health insurance rather than five; a share of 25 percent of the partners profits over a five-year period a total package worth at least $100,000 per family. He guesses that hell write 1,300 before hes through. Mr. Lutnick also hired experts from the University of Chicago to analyze the financial packages offered by the September 11th Victim Compensation Fund and try to get more money for Cantor families. [13][14] None of the employees who were in the Cantor offices that morning survived the attacks. The hard-charging, often cutthroat, world of finance may seem far removed from the Colleges leafy suburban campus, its Honor Code, and its Quaker values, but Lutnick never forgot them. Angry families jeered that 25 percent of nothing was nothing. Thats what we seek to do," he said. Cantor Fitzgerald occupied the 101st to the 105th floors of One World Trade Center -- just above the impact zone of the hijacked plane. Howard Lutnick net worth is $1 Billion Howard Lutnick Wiki Biography. Cantor would retain the trading desks that handled big stock trades and the investment-banking division. All afternoon long, Lutnick meets with real-estate brokers to discuss new office space, and holds a long sit-down with an accountant reviewing, one by one, the $45 million in bonuses going out to families of dead employees. Howard and Allison Lutnick used to have a really nice life, the kind of Upper East Side moneyed existence enjoyed by many masters of the universe who have triumphed in the nations financial capital. He turns to me at crunch points and says, What would you do? It isnt that he wants my opinion; he just wants to underline for me in the bluntest possible way how excruciating the choices are. Hit enter to Search all of Haverford for search . Lutnick, an athletic tennis player in a casual shirt and slacks, his slicked-back hair rebelling in unruly curls, gives a riveting, hoarse-voiced speech that is part grief counselor Everyone in this room knows how much we cared about the people weve lost and part corporate coach. Howard Lutnick, chief executive and chairman of Cantor Fitzgerald, the next youngest in the family, was taking his son to his first day at kindergarten. I was disgusted, one widow, whose husband had worked at a Cantor subsidiary, told the television anchor Connie Chung a few weeks later. When I tell him that an ex-Cantor employee complained that Lutnick practices voodoo economics in the firm, paying unjustifiably large bonuses to his pals, Lutnick begins a long explanation of bonus calculations. Howard Lutnick was born in Jericho, Long Island, on July 14, 1961. Onstage, Lutnick remained seated, dabbing at his eyes a few times, visibly moved. What Mr. Lutnick wanted to know was, what floor had people been on? By all these information you can clearly know about this person. With the 10th anniversary of the attacks, Lutnick admits he's still haunted by the memory of that day. And yet, since those dark days, Mr. Lutnick has defied those who said he and Cantor were finished. Oh, Loosey! Those mornings, he always joined his brother-in-law Eric Sand at 7:30 a.m. at his desk on the 105th floor for a bagel and coffee. Theyd feed off each other. Cantor, who began his firm by offering tax and investment advice to such Hollywood stars as Zsa Zsa Gabor, Clint Eastwood, and Kirk Douglas, had the foresight to expand in the seventies into the lucrative bond market, making his firm an indispensable player in this secretive world. By 30, he was the firms president, and for the next five years the two men ran the firm together. We cant find them. By ABC News Oct. 10, 2001 -- Two days after hijacked jets were slammed into the World Trade Center, Cantor Fitzgerald CEO Howard Lutnick was sobbing on national TV, pledging that his bond-trading firm would look after the families of the company's more than 700 victims. Lutnick, who keeps pictures of himself and Bernie prominently displayed at home and in the office, says wearily, I loved Bernie. For Stuart Fraser, Iris Cantors nephew, this was a family feud in which he sided with his friend, Lutnick, and there have been long-term repercussions. See our favorite looks from outside the shows. Have you heard of Howard W. Lutnick? Julia Fox, Paris Hilton, and More of the Bestest Party Pics This Week. Today, Cantor Fitzgerald operates in its Midtown offices at 499 Park Avenue. Its the only time I get to see him. But mention to him the source of this largesse, or those estimates of his fortune, and he goes into a defensive crouch. HOWARD LUTNICK: So the first thing was we put out a phone number, and we said, look, if you're alive and you work at Cantor Fitzgerald, just call this number. Harry Waizer, a Cantor tax lawyer, survived the attacks, though he was badly burned, and is still at the firm. He and his wife both wanted to take him to his first day at Horace Mann School. Like Howard, Edie is immersing herself in other peoples pain to escape her own, spending her days talking with bereaved families and putting together a packet of advice on how to file for benefits from various agencies. We love to hear from you. That is 2,900 more than Cantor Fitzgerald employed before the attacks. She later barred him from the funeral. as well as other partner offers and accept our, in his son's classroom when he first heard news, made the controversial decision to cut off the paychecks. By the afternoons end, Lutnick was fairly certain that Gary, who had called Edie in the final moments to say good-bye, hadnt made it, nor had Doug Gardner. We studied each person Almost one-fourth of His mother was an artist, and his father was a Queens College, Jericho professor. In 2001, more than 70 percent of all Treasury securities were traded through Cantor. Stuart Fraser had cut back on his work week earlier in the year, coming in to the World Trade Center only on Tuesdays, Wednesdays, and Thursdays. recovered from Sept. 11, but it needed a huge capital commitment to move forward. Well, Howard Lutnick's age is 61 years old as of today's date 14th February 2023 having been born on 14 July 1961. . But for every employee in Cantor Fitzgeralds New York headquarters, these mindless choices made the difference between life and death on September 11. Before September 11 altered his firms balance sheet, Lutnick was said to be worth between $300 million and a billion. For weeks after September 11, Fraser says, Elise, who lost her brother in the attack, couldnt bear to turn on the TV news; all she could handle was the Food Network, for hours on end. We gotta go now! he said in a choked voice.And they always say something, argue, go slow or talk, and we never make it to the elevator, and just as the plane hits the building, I wake up in that sweaty nightmare fashion.". Its just a thing we do, Lutnick says. Its not sad here, he insists of his current workplace, a remark that makes his co-workers affectionately roll their eyes. Lutnick who's worth more than $1.5 billion and serves as the CEO of Wall Street trading firm Cantor Fitzgerald is an outspoken supporter of Trump and has praised the president's tax . Her husband, B. Gerald Cantor, 79, had stepped back in December because of declining health. By almost any measure, it is a remarkable turnabout. Howard Lutnick was born July 14, 1961 in Jericho, Long Island. He does not have much stamina. He says that for years he had recurring nightmares that spiders were spinning webs on his face, suffocating him. Marcy Dermansky '91 on Writing Fiction. Childhood And Education Howard Lutnick was born to a Jewish family in Jericho, Long Island. If you let your grief and sadness overrun your commitment to the company, then youre going to bring down the people to your left and to your right. Vigorously conducting with his hands, he throws in self-deprecating and knowing asides designed to evoke smiles. It had to be about how they look at people.". [11] In 1991, Lutnick was named President and CEO of the company, and he became Chairman in 1996.[8]. He has an old sister Edie Lutnick and a younger brother Gary Lutnick. What LAppartement 4F Co-owner Ashley Coiffard Put on Her Wedding Registry. It took me three weeks to realize this was not a dream, a bad Dallas episode., He tells a story about going to dinner with his wife, Howard, and Allison recently. His scars are still visible. For Michael, Im in.. [9] They have four children together, including sons Brandon and Kyle, whose first days of pre-school and kindergarten respectively fell on September 11, 2001. Cantor Fitzgeralds chaotic, box-filled temporary headquarters now occupies the drab twenty-ninth floor of the UBS Warburg Building on Park Avenue, next to the Waldorf-Astoria, a far cry from the elegantly appointed Trade Center offices, designed to show off the superb Rodin sculptures collected by deceased founder Bernie Cantor. Over the next few years, Mr. Amaitis embarked on a dizzying shopping spree, buying a string of interdealer brokers. See the other firms that lost people >. About. After the crowd settled, Benston again addressed Lutnick: "We are so proud to call you our own. Plaintiffs claimed that Mr. Lutnick and Cantor Fitzgerald received upwards of US$400 million in excessive payments because Mr. Lutnick allegedly dominated and controlled a majority of the four-member Special Committee of BGC directors that negotiated and approved the transaction on behalf of BGC. [1], In recent years, Lutnick has been featured in events and specials relating to September 11, including the documentary Out of the Clear Blue Sky by director Danielle Gardner. Read about the family members and dating life of Howard Lutnick. I want to hear about his day. She is grateful to have a husband at all, and there is not one iota of self-pity in her voice when she says, This is our life now., Howard Lutnick grew up in Jericho, on Long Island, the middle child of two college professors; his father, Solomon, taught history at Queens College, and his mother, Jane, was a painter and sculptor. Orphaned at 15, Gary Lutnick found a surrogate mom in his older sister, Edie, and took her out for celebratory lunches on Mother's Day. [34], On May 16, 2019, Lutnick hosted a fundraiser for Donald Trump at his home in Manhattan, raising some $5 million, according to the President's aide. Early on, Lutnick developed a warm relationship with the firm's founder Bernard Cantor as his personal mentor. to get into the building the rule since the 1993 terrorist attack so he was not amused when security rang shortly before 8:40 a.m. to say that one of the guys hadnt brought a license and needed an escort. Edie and Howard's third sibling, 34-year-old Gary Lutnick, a Cantor managing director, died in the attacks. I took Doug away from his father., Jennifer Gardner, who talks to Lutnick and his wife almost daily, says that the instant death of so many friends has deepened her personal loss. Parties with Guerlain, Margiela, and more. Badly burned, he stumbled out on the 78th floor and worked his way down. "I'm still going to be working," said Howard Lutnick. [10] This electronic trading system required no brokers, and was a large part of the reason Cantor Fitzgerald was able to remain afloat when 70% of the brokers in their New York office, literally everyone who was in the office that morning, were killed in the September 11 attacks. of Cantor employees who had died, now say he did the right thing. Her husbands parents also received some money from Cantor. In 1983, armed with a degree in economics, Lutnick immediately took a job on Wall Street, excelled, climbed to the top of his firm, and eventually became chairman and CEO of Cantor Fitzgerald and BGC Partners. The dream is: I was looking uptown, and I could see the plane, and I knew the plane was coming, and I knew that if I ran to the elevator, I could get out, a tearful Lutnick began.Then, on the way to the elevator, I would always see people, and I would grab them, hysterically try to grab them and drag them to the elevator, [yelling] We gotta go! the 2,753 people killed in New York City that morning worked for Mr. Lutnick. For many, Mr. Lutnick would become the public face of a Wall Street besieged. You keep surfing, keep going forward. On the occasion of his 40th birthday, on Bastille Day, July 14, Howard Lutnick and his wife, Allison, chartered a 160-foot-boat, La Naturelle Dee. But John Fitzgerald was a real person, a big guy in insurance, a minor partner who died in 1964.), The legend of Howard Lutnick is littered with sordid and sad details of his battle for control of the firm with Iris Cantor, Bernies wife, after the companys founder became seriously ill with diabetes and went on dialysis. Allison, who left her law practice several years ago to care for sons Kyle, 51?2, and Brandon, nearly 4, and daughter Casey, 1, says, I come down at 1:30 a.m. to talk to Howard. Meanwhile, out in Queens, his secretary, Maryann Burns, the worlds most punctual woman, drove to the Bayside train station and couldnt find a space to park. "My dad said 'People who know, know Haverford,' " Lutnick recalled. He was a middle child in a family of 3, and he had an older sister called Edie and a younger brother Gary.
La Liga Club Owners Net Worth, How To Get Reimbursed For Covid Test Cigna, Spanish Accents Copy And Paste, Yavapai County Superior Court, Howard University Dental School Tuition 2020, Articles H