In all fairness Lutnick senior had an executive position at a young age... His youngest son is a DJ though so there's definitely some nepotism in play
Discussion
In an even more charitable view, the firm would have been wiped out after 9/11 without Lutnick's leadership. While their primary dealer privilege is ridiculous, his ownership and control are probably commensurate with his contributions to the firm.
The firm would have been wiped out if he was not taking the son to kindergarten on that day. Cantor Fitzgerald lost 658 employees