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Billionaires

Trump Win Gives Loyal Billionaire Backers Power to Sway Top Jobs

Loyal supporters of the president-elect are poised to play a major role in his second administration. 

Donald Trump demands loyalty. And Howard Lutnick is tasked with figuring out who fits the bill.

As co-chair of the president-elect’s transition team, the billionaire Cantor Fitzgerald chief is drawing up shortlists for jobs across government and requires that candidates be exceedingly loyal to Trump. Lutnick was among the first calls for many powerful businesspeople in the wake of Trump’s victory, according to a top Wall Street executive.