Having rebuilt his firm after losing hundreds of employees on 9/11, Howard Lutnick should be one of the most respected CEOs in America. Why do so many people despise him?

US President-elect Donald Trump nominated Howard Lutnick, the co-chair of his transition team, as his commerce secretary on Tuesday -- a choice set to bring a tougher stance on China from the incoming administration.

If confirmed, Lutnick's responsibilities would include overseeing trade restrictions and the releasing of economic data.