It is a class that must be chronicled and studied at a granular level from a sociological and military perspective, because it camewe applied at probably the nadir of commitment to the military in the nation. He took illthis is before his heart attack, though. Viola, former chairman of the New York Mercantile Exchange and owner of the Florida Panthers professional ice hockey team, hopes to multiply his money several times on the historic home he. It was a training, basic training location. They lived in a one-room house. For me, it was almost the opposite, because when I would go off-post, Id return to my neighborhood, which is very small, parochial, patriotic neighborhood, so I was heralded every time I would go home. Cifu currently serves on the board of directors of the U.S. Chamber of Commerce and the board of visitors of Columbia College at Columbia University. March 23, 2021 11:15 AM. I guess thats where success on the battlefield really stems fromthis almost deep well of unassumed courage and unassumed dedication to your soldiers. [8], Viola began his business career as a trader in the New York Mercantile Exchange (NYMEX) in 1982, raising $10,000 to purchase a seat on the exchange. You have to study leadership in combat situations. I think hes not removed. He previously served as Chief Executive Officer and Chairman of Virtu Financial and its predecessors since April 2008. But we had a very, very unfair burden hoisted upon us, because we had to internalize, maintain, protect, defend, and live these core values that defined West Point at a time where there was never more challenge put upon them and never more physical evidence of doubt by the population and society that we were sworn to defend. I think there was my company, A4, and one other company that didnt have anyone in it questioned. So I remember distinctly, as a young man, reading about some of the first battlesI cant remember specifically which ones. Yes. So I was experiencingI dont want to paint the picture like we felt estranged here. We were probably one of the most extraordinary in that regard. But we graduated with Major General Berry as our Superintendent. Now, Im sort of casting that, but I remember as a young cadet on a Saturday morning, more than one time having a math professor when we were cadets, Im saying it againwhen I was a cadet, when we were cadets, we attended class six days a weekSaturday til twelve oclock or something, maybe even laterone oclock maybe. [5], Early life, education and military service, "Five Things To Know About Vincent Viola, Trump's Billionaire Pick For Army Secretary", "Vincent Viola, Founder and Executive Chairman, Virtu Financial", "Vincent Viola Becomes Owner Of The Florida Panthers", "Always Dreaming wins the 143rd Kentucky Derby", "New York businessman leading group purchasing Florida Panthers", "Donald Trump Selects Trading Firm Founder Vincent Viola as Army Secretary", "USMA Class of 1977: The Honor Scandal and Beyond", "All the ways Trump is having an impact on the sports world", "Vincent J. Viola: Executive Profile & Biography", "Virtu Never Loses (Well, Almost Never) in Quest to Upend Markets", "Virtu Financial Announces Pricing of Initial Public Offering (NASDAQ:VIRT)", "Trump picks businessman Viola as Army secretary", "Mattis, Trump team clashed over Pentagon appointment", "Trump's pick for Army Secretary drops out", "Vincent Viola, Billionaire Businessman, Is Trump's Choice to Lead the Army", "Army veteran Vincent Viola, billionaire owner of the Florida Panthers, named Trump's Army secretary", "How West Point is becoming a proving ground for technology", "Epic and Epically Opulent Manhattan Townhouse Listed for $114+ Million", https://en.wikipedia.org/w/index.php?title=Vincent_Viola&oldid=1135074740, This page was last edited on 22 January 2023, at 13:48. And I remember the impact it had on his family, especially his dad, who served so honorably in World War II. You only put your minimum, five years and gone. But you were there, though, at sort of the cross, it seems to me, between the heroic stories of World War II, And then the intersection of that with the very non-heroic stories of Vietnam. Viola Has an Estimated Net Worth of $1.79 Billion. These freedoms are gifts. The suit asks a judge to force the company, Virtu Financial Inc., to produce its books and records for inspection by the plaintiff the pension fund of Toledo, Ohios Iron Workers Local No. And I remember as a young man saying, Thats his life. I think he finished his term, as I remember. Most all of themI dont remember any that wasnt. And dare I say even the cadets that suffered the current popular cultural gestalt of moral relativism while they were here, at their core desired and wanted to be combat leaders. The place was enormously proud of itself. Join the West Point Center for Oral History's Pipeline Alert. Place of Birth: New York City, U.S. Vincent Viola Net Worth and salary: Vincent Viola is an American businessman and U.S. Army veteran who has a net worth of $2.8 billion . Tell me how you experienced that. We were always heralded and really, really accommodated. Now, where were you coming fromwhere did you grow up? Wonder when the last time the Panthers wrote Broward a rent check? We had war heroes. I cameI was raised in Brooklyn, New York, and a very, very parochial, if not insulated, Italian-American neighborhood. Everyone has a different capacity or understanding of it, but the principles of the Academy are overwhelming, and they are sown into you. 2017. He owns valuable New York real estate: Viola owns a 20,000-square-foot townhouse on the Upper East Side of Manhattan, near Central Park. I mean even those whocertainly those who actually did it must have, but did the rest of the class feel tainted by this? We were very, very Spartan and committed to the Academy and to its principles. Clean up the Academy, bring some pace and depth around what was really the most important principles that had to be at work every day in a cadets life. Now, maybe thats not the experience for every cadet, but I would say a vast majority, a solid amountmaybe majority, vast majority of people who leave the Army after five years leave a part of themselves with the Army, and have to have a feeling theres a void thereabsolutely. And now you had groups who wanted to make sure that civil liberties and personal liberties were not violatedin fact, I think the ACLU mightve gotten involvedand then the civilian lawyers who got involved to represent these cadets. Europe, Pacific, the Army Air Corps, Army Infantry, support soldiersso on both sides of my family, we had Bronze Star winners, CIB recipients, too, navigators, bombardiers on B-17s, and many, many missions. And I was never called for even a drill roll check, nor were any persons in my company. As I remember, they lived in central barracks, and they were almost like a foreign antibodyit was horrible. He is also Chief Executive Officer of Virtu Financial, one of the nation's foremost providers of financial technology products and services, which he co-founded along with Panthers Owner, Chairman, and Governor Vincent J. Viola in 2008. But there was a very, very clear ethos that was sown into me by my immediate familymy nuclear and extended familythat you absolutely must be ready to sacrifice for this country that gave us so much. And therefore, thats why the scandal happened. Mobile Experiences For Businesses: How To Boost Accessibility And Revenue, San Francisco 49ers Salary Cap Situation And Finances Heading Into NFL Free Agency, Vincent Lo Plays Long Game With His Shui On Group, Making Big Bets In Shanghai Property As He Prepares Daughter Stephanie As Successor. Well, and I remember my one buddy, who did go to collegetwo or three of us went to collegedescribing to me frat parties, you know. Spring through Firstyeah. Can I get a free decade please? He was for several weeks President Donald Trump's nominee for United States Secretary of the Army, before withdrawing from consideration. 118 records for Vincent Viola. And I remember hearing later that the people were called out of formation, because they were informed that they were under an honor investigation for an exercise, a take-home exercise that we had in electrical engineering. I was very blessed. Could be transferred and translated into other worlds. The billionaire owner of the Florida Panthers hockey team, Vincent Viola, is at the center of a Delaware lawsuit that alleges hes used his control of a large publicly traded financial services company to improperly divert hundreds of millions of dollars to himself, his family and his cronies. Integrity honestyattempting to become an ever-improving subject matter expert. Mr. Viola's commitment to our nation's security led to his founding of the Combating Terrorism Center at West Point. So there are somethere are a couple of capstones in that journey. All NHL logos and marks and NHL team logos and marks as well as all other proprietary materials depicted herein are the property of the NHL and the respective NHL teams and may not be reproduced without the prior written consent of NHL Enterprises, L.P. This is very, very unique. Branch of THREE BROTHERS FAMILY OFFICE LLC (New York (US)) Agent Name. Im just trying to understand this. So when you would ask my dad, What are you, he probably would say, Im a male, husband, father, American, Catholic, or Catholic, American.. Yeah. When you look back on that, you think, Gee, I wish that. [2] Viola took the company public in April 2015. Are you cool on honor? meant what, though? A 1977 West Point graduate, Viola trained as an airborne ranger infantry officer and served in the 101st Airborne Division. He actually commanded the forces during an operation up in the central highlands near the Cambodian and Laos borderit was 197071called Operation Ripcord. But I know that it got extremely non-linear, the interpretations of the code and peoples reaction to the code. I dont have specific memory or recall. Now, the honor code says not only not to tolerate lying, cheating, or stealing, butor does it say something to the effect of or knowledge of?. Hes a wonderful role model and a great soldier, and I still keep in touch periodicallyjust simply very blessed. Viola and his wife Teresa have three adult sons and live in New York City. The military mission and the duties, day-to-day, they take up so much of your consciousness that you are Puritan in your pursuit of the Spartan ethic. The Delaware attorneys for both sides Jeffrey Gorris for the pension fund and Matthew Stachel for Virtu declined to comment. We were enormously devout around the values and principles that we were living here. And the academy was a place where those inputs werent really defining the environment. So what are theythis would be my take on those incontrovertible principles. [4] He is also the owner of St. Elias Stables and co-owner, with fellow Brooklynite Anthony Bonomo, of the 2017 Kentucky Derby winner Always Dreaming. Vincent "Vinnie" Viola is an American billionaire businessman and U.S. Army veteran. Exactlywouldve shifted, then, before you actually completed your. And my dad received a V letter from my grandfather, commanding him, basically as strong Italian fathers will do to their sons, that he must go visit his relatives in the village where my dad was actually born. The Brooklyn Heights home of billionaire Vincent Viola and his wife, Teresa, sold for $25.5 million in a deal that went through on Christmas Eve, according to public records. Viola was a former infantry officer who served in the 101st Airborne Division. The Hong Kong billionaire developer sees silver lining in mainland Chinas property market turmoil, readies master plan to hand over group to next generation. Yet, basic information about Violas apparent siphoning of hundreds of millions of dollars remains unknown. And they said to me, Vinny, you have to do this. I started law school in the evening, because basically my mother told me to, to be quite frank, and. She and her husband also own St. Elias Stables, based in New York City. So branch night, I stood up and said, Infantry, with great pride. Its very interesting. I mean, you know, and living in coed dormitories. And you walk into Wall Street, and suddenly it is an environment you can recognizeit seems familiar to you. And upon further investigations, they found enough to where it was a systemic problem and challenge to the honor code. Right. Viola is a. And the decision was madeand the right decision was madeto examine every paper and to see if, in fact, any papers that looked somewhat similar, to simply ask, call the cadets in and say, Did you collaborate? In 1987, he founded Pioneer Futures, one of the top fifty futures commission merchants in the US. The billionaire owner of the Florida Panthers hockey team, Vincent Viola, is at the center of a Delaware lawsuit that alleges he's used his control of a large publicly traded financial services company to improperly divert hundreds of millions of dollars to himself, his family and his cronies. I appliedI paid someone to write a resume. Yeah. $2.5 billion, according to our most recent tally. But I do want to make one point about what the Academy was like. In paperwork filed with the court, however, Virtu denied any wrongdoing. My classmates used to tease methey said I had a very, very thick rubber band that was sewed in my back, and it would only stretch up to West Point and then spring back to my neighborhood in Brooklyn. Anyway, my dad did that, and in 1980 my dad took a massive heart attack19791980. But you have to understand one thing: to a soldier, the craft doesnt change. It was really the trigger for me to leave the Army, actually. Viola splurged on real estate with stock sale proceeds, buying a beachfront Florida condo and spending $108 million on Arizona's tallest skyscraper. [8], Viola has launched a number of businesses during his career. Sign up now to get updates and email alerts when new interviews are released. But I could see over the period of those of us who stayed and again, during my years, attrition was fairly significantthe people who stayed, sown into their souls almost, were those principles and that commitment to service. Yeah, yeah. Absolutelyyeah, it did. Mr. Viola, 62, bought the property on East 69th Street and Fifth Avenue in 2005 for $20 million, according to PropertyShark records. They havent changed much, even til today, for hundreds of years, really. I had absolutely no ideaI never really took serious in my own contemplation the idea that I would ever leave the Army, so I didnt know how to look for a job. Right. I had to actually leave Fort Campbell, and I took a compassionate reassignment to Fort Hamilton in New York Cityactually, Fort Dix, and I got assigned to Fort Hamilton. So my dad went to his captain and asked him if he could go and see his family, these small hamlets in the mountains in the south of Italyare very interesting and isolated subcultures. And I remember more than a handful of my mathematics professors finishing the work with the boards with 15, 20, 25 minutes left in the class and describing a combat experience. Im sure heart surgeons that study today are not thinking about the difficulty to navigate the administrative Byzantine labyrinth of how the Medicare system will allow him to operate at will. Standing in formation, being of correct order, marching in formationso youre physicalizing on your leadership ability, and it was the same always. They would wear khaki uniforms, and they were called the speed battalion or the speed company. It was, yeah. And I think that proves in the military service, I mean I think if theres ever been a period where the Academys value to the nation should be celebrated and demonstrated, its the post-Vietnam era til today. Judicial intervention is required to end Virtus obstruction of Plaintiffs statutory right to books and records, the complaint says. My dad was three years old, approximately, when they came to America. We were [a] extremely patriotic family. Despite the fact that when we were off-post, or when we would observe the civilian world, it was a very almost non-linear set of conditions. But absolutelyso what Im describing here is instructors would say things like to us, When I was a cadet, we were not allowed to blank, or We had to wear this uniform at this point. Every fine detail of the cadet experience is so valued by its graduates that the compulsion is to keep it the same and have every feature the same, because graduates feel so proud and also confident that they are the product that was desired. [2] Lets come back to the time here at West Point during this period. And every time I went home, until my first class year, just because we could go home in civilian clothes, and it was easier, I would go home in uniform, and I was always heralded. And you are taught here that you have a responsibility unlike any other profession, because when you are engaged in combat and you are firing upon an objective and maneuvering to take it, you are going with forethought to make decisions knowing that theres a great chance the person that you send forward to execute either fire or maneuver is not going to come back. Donald Trump appointed Viola to be Secretary of the Army in December 2016 but After graduating from the Infantry Officer Basic Course and Ranger School, he served with the 101st Airborne Division at Fort Campbell[11] for several years. Did it look to you at all, though, like the kids, guys back at home your age who were doing the drugs, were having more fun than you did? So as would follow, the qualifications of my class were not as high as classes before and classes after. Im sure theres some of that. They were called, the term was used, Are you cool on honor? And I found this out later on as the scandal evolvedand. Vincent Viola, the billionaire Wall Street trader who is President Trump's nominee to be secretary of the Army, has been negotiating to sell his airline, a move that would alleviate a potential. People, soldiers dont judge other soldiers. And theres a phenomenal awareness of graduates and cadets that the experience at the Academy is so pervasive, it internalizes so deeply, because your physical experience is so commanded and defined by your cadet duties and schedule, that its almost osmotic. Virtus Board of Directors is aware of the issue, but instead of fixing it, the Board has actively facilitated Violas expropriation. The conduct of these honor committee hearings was going on. In the American Armythats amazing. The son of a truck driver from Brooklyn, Vincent Viola started electronic-trading firm Virtu Financial in 2008 and took the company public in 2015. [16], Leah McGrath Goodman's 2011 book, The Asylum: The Renegades Who Hijacked the World's Oil Market, describes Viola and his temperament. Virtu obscures its public financial reporting by providing only consolidated financial information. Thats good, because the principles at demand for combat leadership, they really dont change. [10], Viola graduated with a bachelor's degree from the United States Military Academy in 1977 and was commissioned as a second lieutenant in the U.S. Army. I joined the crowd. And it was a very interesting face-off between the protestorswho really were sort of socially enjoying the protestand that small minority of us who felt that this almost romantic attachment to the ideals of the country and took it very seriously. Goodman wrote Viola "had a nasty temper, but [predecessor chairman Lou] Guttman says he didnt lose control of his emotions easily" and that "beneath the spit and polish he was still a tough guy from Brooklyn." FloridaPanthers.com is the official Web site of the Florida Panthers. [15] Viola took Virtu Financial public in April 2015, trading as a NASDAQ listed company (VIRT). My dad took ill during my Yearling Year, and I was theI had become quickly the sole source of leadership in my family, and. I remember as a young man unrealistically wanting to go to Vietnam. A few had very committed, intellectually grounded reasons for participating in these protests. Viola later withdrew, however, citing business conflicts. You felt that from the first day, because it wasthe first day is transformational. It had to be temptingI mean tempting literally, but it had to temptyou had to look at it and think, Wow, Im going to go back, and Im going to go through this rigorous schedule, and theyre going to go off and have fun, and play, and listen to rock and roll, and. [19] The choice was reported to be concerning to the nominated Secretary of Defense General James Mattis, who was reportedly not informed of the choice prior to the announcement, a position he would directly oversee, and was concerned about potential trading practices which were not yet fully investigated. I heard the County Commission gave former owner Wayne Huizenga the keys to the farm and those keys got turned over to the subsequent owners when they bought the team. ALL RIGHTS RESERVED. You have an affirmative duty, if you see. I think thats why many persons who get out continually try to serve, either in their community or in other capacities. Well, of course, as a young man, you yearn for it to be a chivalrous and successful national mission and national adventure. [22][23][24] Viola founded a technology company, Rowan Technology Solutions, to support cadet education in the areas of military history, military science, and leadership. It was very fascinating, and I could actually say, for me, it was quiteI was self-aware of it, because the academymy classI think this can be documented. But their claim thatwas that everybody cheated. So that was sort of the lowest quiz or take-home exam you could have. What can security professionals do today to offset the threat of a catastrophic cryptography failure? Many just did it almost as a social activity. And Branch Night wasoh, it was the best days of my life, being a platoon leader in the 101st Airborne Division was justfor someone who always desired to lead soldiers and experience the feeling of building an esprit and a camaraderie, it was just simply amazing. What was it like to be here in the period immediately after the end of the Vietnam War? And look at me, actually, instead of at the camera. Which was that the nation was in decline, the Army is in decline, old traditional trusted places were not to be trusted anymore. Very much. 55 which suspects its been cheated. Virtu now refuses to produce documents necessary to investigate the apparent wrongdoing.. He took it public in an initial public offering (IPO) in 2015 using a so-called umbrella partnership corporate, or Up-C, structure in which a newly created shell company, Virtu Financial Inc., became the parent whose principal asset is shares of the underlying operating company, Virtu LLC. And in fact, I remember some of my cadet summers actually working to make money to give to my family. Well, the Academy had a duty to then examine and investigate every one of those charges or derivative of accusations. Oh, what did I do professionally? His father's Army service made a significant impression on Viola as a youth. "From the first day at West Point, my focus and purpose was about selfless leadership, putting others before yourself and being ready to sacrifice for others so that the mission and the goal would be accomplished.". In contrast the Class A stockholders, who through Virtu own nearly 2/3 of the units of Virtu LLC, have received only $208.4 million in cash dividends during this same period. It absolutely did, and as it, thankfully, always does, the Academy and itsthe accommodation of its Spartan core and Athenian, almost, force, or pilot flame, is almost this intellectual curiosity that must exist here and does, always lags and doesnt react as broadly, deeply, or as quickly. Its very hard to come here and notleave not having a selfless sense of what duty means, what honor is, and the importance of your country. Agent Address. Jan. 18, 2017. 1. Born in Providence, a son of the late Albert and Michelina (DeGregorio) Viola. Yeah. You said osmotic, but sort of how didwhat were the core elements that you took away from here that led you to feel that you were a leader, not only in the world of the Army, but out in the civilian world, too, where youve had enormous success, and where you have taken some of what youve learned and applied it to the outside world? Highly regarded by his peers, Cifu was recognized by Chambers USA and The Legal 500 as a leading mergers and acquisitions lawyer for buyouts and private equity transactions. So I distinctly remember sophomore year of high school, there was a very spontaneous antiwar demonstration, and there was a small group of us that basically picked up flags in the hallway of the high school and went outside and carried the flags and raised the flags. If I remember correctly, when I was a cadet, everyone had to study fluid mechanics, solid mechanics, electrical engineeringthese were the sort of core engineering sciences that everyone had to take, as I rememberlong time ago. My company was very unique, and Im sure there were others like thisI dont have statistics on thisbut we were what you called a sort of gray company. Some of these very general storiesnot too specificand I thought West Point would be the best place to attempt to become commissioned. Military Times reported that Viola had been searching for ways to divest from his business ventures, including transferring ownership of the Florida Panthers to his family members and transferring responsibility for operations to Vice Chairman Douglas Cifu. He was an astute businessman and an extreme opportunist. Whats Next? We have the same number of Stanley Cups! This is what I wanted to ask you, and well close with this question cause we have to stop. 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