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." But then I think Id love to pick up on it again, Because you said this at the beginning, and I think its really important to get you to talk about it a little bit morethat in a sense, the framework that you learned here. And that stuck with mesort of confirmed for me that the military was an honorable profession. I think General Goodpaster became the Superintendent the following year or the following year. And the captain said, Wellmy dad was not bold enough to say, Id like to bring them food or something. He would just figure outso the captain gave him a day pass to go and visit his family, and suggested that he bring some food and other supplies, sundries to them. [18][6] In 2013, their Upper East Side townhouse was listed for sale at $114 million. He was a combat commander during Vietnam. In 2003 he founded the Combating Terrorism Center at West Point to provide education and research about global terrorism. A definite weight was put on my class because of the honor scandal, and I remember my First Class summerI was a squad leader in the first detail at Beast Barrackshaving to watch approximately somewhere it seems like 50 or 60 of my classmates wear the same uniform every day different than what we were wearing. Yeah, and he was my first company commander. 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. Judicial intervention is required to end Virtus obstruction of Plaintiffs statutory right to books and records, the complaint says. It was a combination of hearthe had congenital heart disease that went undiagnosed, and just was rendered incapable. 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? But their claim thatwas that everybody cheated. He was for several weeks President Donald Trump 's nominee for United States Secretary of the Army, before withdrawing from consideration. You wanted to be that guy. I think hes not removed. Your RSA Security Is On Its Last Legs. So were you investigatedwas every cadet investigated for their commitment? A native of Brooklyn, New York, Mr. Viola is a graduate of Brooklyn Technical School and the U. S. Military Academy at West Point. Since his purchase of the Florida Panthers franchise in 2013, Mr. Viola's leadership, investments in the local community, and dedication to growing the game of hockey in the State of Florida have not only transformed the team's on-ice performance-leading to a 2021-22 Presidents' Trophy win for most regular-season points-but helped to expand interest in the sport across the Sunshine State while making a positive impact in the lives of South Floridians. [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. Vincent James Viola, Jr. of Troy died May 17, 2022. He received his juris doctor degree from New York Law School in June 1983,[1][12][13] but did not complete the bar exam. And therefore, thats why the scandal happened. In 2017, their horse, Always Dreaming, won the Kentucky Derby. I remember distinctly we had a special arrangement with the Essex Hotel where we could stay there for $21.00 a night. It was really the trigger for me to leave the Army, actually. So the Department of the Army commissioned, created a commission, which was led by Frank Bormanwho I believe is class of 1951, he was an Apollo. 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. Because now it had elevated past the control of the Corps, and it became a challenge to the administration of the Academy. And I remember the impact it had on his family, especially his dad, who served so honorably in World War II. Viola is the owner of the NHL Florida Panthers. 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. And I remember a real almost unquestioning allegiance to the idea that this was Gods will, and fate had interceded in this mans adventure, the way it was meant to be, and he died an honorable death. These outsized distributions to Viola and other pre-IPO owners represent an increase of over 130 percent from the previous two years, while dividends to the Class A shareholders have stayed the same., The complaint goes on to say it appears that Viola and the Board have knowingly used cash that rightfully belongs to the Class A shareholders in ways that benefit Viola and other pre-IPO owners. Of all the locations this generational defender was expected to choose next on his managerial journey, a stint at a freshly relegated Lancastrian club was not on the list. And if you did, why? And I guess bring it to the next level of the honor procedure. The complaint accuses Virtu of many months of delays, misdirection and gaslighting while withholding records necessary to its investigation, such as how much cash has been paid out to Viola. He graduated from West Point in 1977 and New York Law School in 1983. And basically, he was assigned to the supply ships, and I dont quite know exactly what his duties were, but he would facilitate equipment onto the shore during invasions. Some of the cadets that were indictedif I dare say that wordwere indignant. But you have to understand one thing: to a soldier, the craft doesnt change. Your father wasin that period your father was suffering from what? Under his leadership, the Panthers have continued to further these efforts both on and off the ice, including the revitalization of Fort Lauderdale's historic War Memorial Auditorium and construction of a two-sheet team practice and community ice facility-the Baptist Health IcePlex-which will host an array of community hockey and skating programs and increase access to the sport of hockey to thousands of tri-county residents. As Chairman of the New York Mercantile Exchange (NYMEX) from 2001-2004, Mr. Viola's decisive leadership, guidance, and untiring efforts were credited with leading NYMEX's reopening following the terrorist attacks on the World Trade Center on September 11, 2001. The home is held in the name of a Delaware corporation using the propertys address. But I remember word starting to spontaneously spread through the class that there was a big issue with whether cadets had collaborated on this exercise. But I do want to make one point about what the Academy was like. 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. Did you find yourself when you would travel off being mocked and harassed by people? Rent, food and alcohol sales, parking, etc. So lets talk a little bit about that. I can tell you that a vast majorityif almost every one of my professors that were uniformed here, and when I was a cadet, I dare say that seemed like 95 percent of the staffwere combat veterans. They are co-owners of Kentucky Derby winner Always Dreaming. It caused, for me, a redoubling of my dedication to the Academy. I think thats why many persons who get out continually try to serve, either in their community or in other capacities. Someone should take a look at the management contract for the arena. Mr. Viola started his career in the financial services industry on the floor of the New York Mercantile Exchange and rose to be Vice Chairman (1993-1996) and Chairman (2001-2004). REGISTERED AGENTS INC. FloridaPanthers.com is the official Web site of the Florida Panthers. And the academy was a place where those inputs werent really defining the environment. So well just have a nice conversation here. Now, hes sitting on the honor committee in judgment of his fellow cadets, right? 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? Join the West Point Center for Oral History's Pipeline Alert. Now, where were you coming fromwhere did you grow up? In 2019, the company repurchased more than $500 million in company stock from Viola. He took illthis is before his heart attack, though. Yes. Five years. I wrote a clumsy letter and sent it out to companies that I looked up at the libraryback in those days, thats what you did. 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. [18], On December 19, 2016, then-President-elect Donald Trump announced his intention to nominate Viola for the position of Secretary of the Army. 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 . Beloved Husband to the Late Myrna (Baker) Viola. And I dare say that almost to a man, an officer, at some point during your term of instruction with that officer, he would stop class, either prompted by a question from a cadet, or prompted by a memory or desire to teach, and describe a combat situation he was in, or describe the rigors of combat, and teach what he came away from the Vietnam experience, and what he thought were eternal principles of the American Army in combat. But what it was like was, again, a very Spartan environment, and Im sure the differenceor as I like to say, the arbitragebetween what life was in the civilian world for entering cadets on July 2, 1973 and life at the academy, Im sure that difference was in fewer times in our nations history larger, because the society had undergone a social revolution. Runnersrunners and clerks, and my neighborhood had a good amount of runners and low-level Wall Street professionals. So my class would be a fascinating study. 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 remained a reserve officer for the next 13 years, and I always stoodI try to remain current as far as my officership, and in contact with classmates and other soldiers. [15] Viola took Virtu Financial public in April 2015, trading as a NASDAQ listed company (VIRT). Virtu has aggressively fought Plaintiffs books and records demand.. West Point had not undergone a social revolution, for obvious purposes. 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. Whats Next? at Columbia Law School. So there are somethere are a couple of capstones in that journey. [21], After the 9/11 attacks, Viola helped found the Combating Terrorism Center at West Point, and was the principal funder at its creation. Reflects change since 5 pm ET of prior trading day. The conduct of these honor committee hearings was going on. She and her husband also own St. Elias Stables, based in New York City. (Getty) The 59-year-old Viola is currently ranked #474 on the Forbes 400 list and is ranked #338 among billionaires in the U.S. I dont have specific memory or recall. Hes down at Fort Monroe now, I thinkis that right? 7901 4TH ST. N, ST. PETERSBURG, FL 33702. So what class are you, did you graduate with here at West Point? And between a sort of big land forces kind of Army, like World War II, Small unit, guerilla-based campaign, although there werethe initial strategy doctrine was based in search and destroy and clear the areas to hold them without, maybe, the counterinsurgency piece initially in VietnamIm not an expert, Well, counterinsurgency wouldve come, though, before youI mean war shifted with. I think you teach leadership by living leadership. So my class and my company of A4 did not have one persons paper questioned, so we were almost in this kind of vacuum. Well, these drill rolls actually existed, and they were physical lists on paper, and these cadets, many cadets would sit down and just put checks down next to peoples names if they even thought they mightve ever cheated. 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. [14] Viola was also one of the two partners who launched EWT, LLC and Madison Tyler, LLC, two electric trading firms formerly based in Beverly Hills, CA and was able to use the electronic trading technique to his own personal gain making him one of the richest men in the world. Most all of themI dont remember any that wasnt. 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. In 1988, he founded The Independent Bank Group, a Texas-based regional bank which is listed on NASDAQ (IBTX). Market-maker Virtu completed a series of secondary offerings in May 2019 to help repurchase more than $500 million in stock from Viola. Use arrows to navigate between autocomplete results. When I would go home on leave, all of my friends had gotten into some level of drug use, so I had to make a very specific choice, and that choice was, I cannot do this. 55 which suspects its been cheated. If you dont understand all of the inputs to that self-realization or self-decision point, you seek out and you ask, What is it like to be in combatphysically, psychologically?. 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. I think he finished his term, as I remember. If you believe that you cannot effectivelyeffectively, comprehensively, lead more than four persons other than yourself on a physical day-to-day level, then everything you ever wanted to know about anything, youve learned in platoon leadership. Douglas A. Cifu - Vice Chairman, Partner & Alternate Governor. Virtu obscures its public financial reporting by providing only consolidated financial information. And you walk into Wall Street, and suddenly it is an environment you can recognizeit seems familiar to you. We have the same number of Stanley Cups! And remember, from the first day youre here, you understand what singularity isyou understand what singularity is. 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. Florida (US) Branch. And so two or three fundamental challenges then faced the Academy. In the American Armythats amazing. [25] Viola has endowed the Avery Cardinal Dulles, S.J. 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. He was the founder of Virtu East in 2008, a founder of Madison . And thats very powerful continuum there of an Italian-American immigrant family that, not more than 17 years prior, 20 years prior, had been in that village, and now my dad and three of his brothers were in combat. He also suffered from alcoholism from when he came home from World War II until my Yearling Year. I guess thats where success on the battlefield really stems fromthis almost deep well of unassumed courage and unassumed dedication to your soldiers. Standing in formation, being of correct order, marching in formationso youre physicalizing on your leadership ability, and it was the same always. He was an astute businessman and an extreme opportunist. Vincent Viola, a member of the USMA Class of 1977, recounts entering West Point at the end of the Vietnam War and details the cheating scandal of 1977. My dad took ill during my Yearling Year, and I was theI had become quickly the sole source of leadership in my family, and. Did you knowyou mustve known some of the cadets that were involved with this. Thats good, because the principles at demand for combat leadership, they really dont change. So when youre here, and youre studying the subject matter, youre not conditional or conditioned by the environmentyoure going to ply your craft. Mr. Viola is one of the nation's foremost leaders in electronic trading. I think hewell, I dont know what you would call that. Vincent "Vinnie" Viola is an American billionaire businessman and U.S. Army veteran. In 1983, he graduated from New York Law School with a juris doctor degree. 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. San Francisco 49ers quarterback Brock Purdy is slated to undergo surgery on his throwin elbow Feb. 22 with Dr. Keith Meister performing the procedure. A very tall fellow, ramrod straight, and he wore the Silver Star, and I can remember he taught us small unit tactics in military instruction either my Plebe or my Yearling Year. You have an affirmative duty, if you see. Yes. Electrical engineering, we refer to it as juiceit was one of the required engineering science courses that you had to take at the Academy. You have to study leadership in combat situations. You know, soldiering is as specific, is asthe skills of soldiering and the operational art that you must study and feel comfortable mastering is not unlike any other intellectual academic discipline. It borders on failure or guiltyyou feel like I let down my central purpose, you know. While there, Cifu served as a member of the firm's Management Committee, Deputy Chairman of the Corporate Department, and Co-Head of the Private Equity Group. [20], Viola withdrew himself from consideration for the position on February 3, 2017, citing his inability to comply with Pentagon regulations regarding personal businesses. They lived in a one-room house. She didnt work. 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. Former President Trump nominated Vincent Viola to become Secretary of the Army in 2017. Now, as I remember, the exercise was a very, very it was a almostit was a problem around designing a particular circuit, and it was a 3.0 valued take-home test. My dad was three years old, approximately, when they came to America. 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. Yeah, yeah. Very fascinating, thats a great question. So Ill give you an example, From the 101st Airborne to the Trading Floor. Yeah. Dan Christensen Its a very enjoyable year. The San Francisco 49ers head into NFL free agency in a less-than-stellar salary cap situation. 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. Now, my dilemma was my branch assignment, because my family really wanted me to stay close. I appliedI paid someone to write a resume. And the cadets that were here had gone through a traumatic experience, because the class of 74 entered in the, I guess, summer of 70. 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. In some ways it does, absolutely, I would say. I think there was my company, A4, and one other company that didnt have anyone in it questioned. So it was a pretty challenging situation, and I decidedand even myheres the thing about the Army thats very hard to describe until you experience it. He previously served as Chief Executive Officer and Chairman of Virtu Financial and its predecessors since April 2008. He was a phenomenal speaker. I hardly remember a classmate saying, Im here because its a free education. If you felt that way, you quickly realized in the first two, three, four weeks that going through this formation, this transformative process, was not worth all the money in the world, and you would move on. 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