Mr. Viola, who was recognized in 2021 by Sports Business Journal for his advocacy in diverse and inclusive hiring, is one of four team owners on the NHL's Executive Inclusion Council to combat racism and accelerate diversity. 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. Its the same thing herethis is extremelyin the end its a very insulated, but positively reaffirming, environment. 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 so I had to help financially, even while I was a cadet. Vincent Viola is the former Chairman of the New York Mercantile Exchange (NYMEX) and is one of the nation's foremost leaders in electronic trading.He is currently the Executive Chairman of Virtu Financial. We are nonprofit, independent, nonpartisan, experienced. 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. Runnersrunners and clerks, and my neighborhood had a good amount of runners and low-level Wall Street professionals. And the academy was a place where those inputs werent really defining the environment. Are you cool on honor? meant what, though? Im kind of grasping back. Its an internally generated strength. 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. Prior to Virtu, Cifu practiced law for 18 years at the international law firm Paul, Weiss, Rifkind, Wharton & Garrison LLP, where he was a partner. Well, I stood in the Reserves. And my dad said to me, Before I pass, I want to go to the village. And so in April of 1980, we went to this villageI had never been therewhere my dad was born. 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. One was the cadets who were completely indignant, and almost felt they should be able to cheat, and were very reactive to the potential that they could be thrown out for an honor scandal which was and should be the standardstarted to agitate, basically against the whole surety of the honor code as it was being practiced. The Hong Kong billionaire developer sees silver lining in mainland Chinas property market turmoil, readies master plan to hand over group to next generation. 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. When the distaste for the Army was at a peak. They weren't immediately available for . 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. 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. The persons on the floors who would grant the orders and run them from one broker to the next, and enter the order into a. The home is held in the name of a Delaware corporation using the propertys address. What was it like to be here in the period immediately after the end of the Vietnam War? Did your class feel shamed by this, you think? I basically was torn. These freedoms are gifts. I was very blessed. And that stuck with mesort of confirmed for me that the military was an honorable profession. Mr. Viola is one of the nation's foremost leaders in electronic trading. (Page 2) So when you would ask my dad, What are you, he probably would say, Im a male, husband, father, American, Catholic, or Catholic, American.. $2.5 billion, according to our most recent tally. He was for several weeks President Donald Trump's nominee for United States Secretary of the Army, before withdrawing from consideration. What can security professionals do today to offset the threat of a catastrophic cryptography failure? Do you think that there was the feeling, anywhere in the Armyin the leadership or among other alumni and classes, that, as you referred to before, that the standards may have lowered in admitting your class? Mr. Viola was the owner/operator o So it was not the Korean generation, you were being taught by people who were a little bit older than you are, thensenior officers? Sure, sure. Viola took the company public in April 2015. And it was a great point of honor for my grandfatherhe actually left the military as a noncommissioned officer of the Italian Army. 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. Related by education: New York Law School. Now, my roommate is a person you should interview for this. West Point had not undergone a social revolution, for obvious purposes. Ill veer off to a very interesting story. In 1987, he founded Pioneer Futures, one of the top fifty futures commission merchants in the US. But there's a ton that can be done to help this team be active after another NFC Championship Game appearance. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. They were called, the term was used, Are you cool on honor? And I found this out later on as the scandal evolvedand. So what are theythis would be my take on those incontrovertible principles. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); If you believe in the value of watchdog journalism please make your tax-deductible contribution today. And of course, my class suffered the honor scandal of 1976. Its a very enjoyable year. 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?. This is what I wanted to ask you, and well close with this question cause we have to stop. And I got absolutely no responses, and it was a pretty tough periodit was still a deep recession. Thats good, because the principles at demand for combat leadership, they really dont change. I guess thats where success on the battlefield really stems fromthis almost deep well of unassumed courage and unassumed dedication to your soldiers. [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. Mr. Viola is also Co-Founder and Chairman Emeritus of Virtu Financial, one of the nation's foremost providers of financial technology products and services, and former Chairman of the New York Mercantile Exchange (2001-2004). I think you teach leadership by living leadership. What was your. 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. [2] He took illthis is before his heart attack, though. He was a devout Airborne soldier named Sidney Berry. Viola and his wife, Teresa, sold the places in March for $11.3 million. Lets come back to the time here at West Point during this period. I dont have objective evidence. Youre learning your craft because you must learn your craft, and the other thing here is youre executing the tenets of your craft every day. Viola has used his control to create economic in-equivalence in ways that result in Viola and other pre-IPO owners receiving a substantially larger share of the cash distributions from Virtu LLC than the Class A stockholders receive. According to . [9] At West Point, Viola played on the sprint football team and was cadet company commander for Company E-4 his senior year. 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. 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. Some of the cadets that were indictedif I dare say that wordwere indignant. And. I cannot be around this. And I came from a very cloistered neighborhoodnonetheless, we were much the same as the rest of America, especially uneducated, lower middle class, and upper lower class areas. He is the son of the late Thomas and the late Caterina (Verrastro) Viola. 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. Viola is a. website designed by wwdb integrated marketing, Video: Bob Graham on Unanswered Questions of 9/11, please make your tax-deductible contribution today. 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. 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. Box 23763 He was a combat commander during Vietnam. A British financier has snapped up billionaire Vincent Viola's Upper East Side townhouse at 12. I appliedI paid someone to write a resume. You wanted to be that guy. You have to study battle. 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 was an astute businessman and an extreme opportunist. 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. 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. It was really the trigger for me to leave the Army, actually. He was for several weeks President Donald Trump's nominee for United States Secretary of the Army, before withdrawing from consideration. Could be transferred and translated into other worlds. And fast forward to the summer now of our Cow Year, into our first of yearnow, you have to remember, the First Class year of a cadet is so phenomenally anticipated and so waited for, because, obviously, its your last year at the Academy. Jan. 18, 2017. You have to study leadership in combat situations. Viola has stacked Virtus Board with family, friends and longtime business associates.. Mr. Vincent Viola is our Founder and has served as our Executive Chairman since November 2013. We are a 501(c)(3) organization. Dan Christensen It was much the same as it is now and probably was for many years before: a very concentrated, specific social culture that was extremely singular in purpose. Yeah, I thinkyeah, I do. 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. The protection of civil liberties was being focused upon. 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. I think the exercise was handed in over the holiday period of 19. Teresa runs the interior decorating company Maida Vale Designs and also owns Teresa Viola Racing Stables. 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. So theyand this is my perception. And he just was extremely involved effectively at forming us as officers. I remember a Major Davison, in military instructionI think, believe he was class of 1964. In paperwork filed with the court, however, Virtu denied any wrongdoing. I think he finished his term, as I remember. And your mother was sick also, had you said, or. 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. Virtu now refuses to produce documents necessary to investigate the apparent wrongdoing.. Yeah, actuallyand even more important, organizing the conduct of basically whatthe honor code and the administration of the honor code, the enforcement of it, is not much unlike our jurisprudential system. So we were together in the same company for the first three years of my cadet career until the scandal. E. 69th St. for the slashed price of $59 million, according to property records and sources. Florida (US) Branch. Dare I say they aretheyre definitional. From West Point To Middle School: Continuing Service To The Nation, The F As A Badge Of Honor: Surviving The Class Of 77 Honor Scandal, Learning through Failure, Toward Greater Challenge: Self-Discipline, The Key. [2] He is the former chairman of the New York Mercantile Exchange , and the founder and chairman of Virtu Financial. Exactlywouldve shifted, then, before you actually completed your. Many just did it almost as a social activity. 118 records for Vincent Viola. The mansion has bounced on and off the market since 2013. I think leadership is grounded in very clearly discernable and understood principles. 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. If you could just actually spell your name for the transcriber. Integrity honestyattempting to become an ever-improving subject matter expert. Exactly, you know. The honor committee became basically a full-time job for him, to the point where, as I remember, he missed many classes. Photo by Eliot J. Schechter/NHLI via Getty Images. 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. And you have more privileges than youve ever had. Ill neverI was startled, because I thought that this was a monolith, and I quickly realized that every individual cadets interpretation of duty and honor or country started from a very, very different perspective of what those words meant and how they internalized them. In 2003, he founded and helped fund the Combating Terrorism Center at . Can I get a free decade please? I had an enormously fascinating experience around the honor scandal. Vincent James Viola, Jr. of Troy died May 17, 2022. [20], Viola withdrew himself from consideration for the position on February 3, 2017, citing his inability to comply with Pentagon regulations regarding personal businesses. [8], Viola has launched a number of businesses during his career. A native of Brooklyn, New York, Mr. Viola is a graduate of Brooklyn Technical School and the U. S. Military Academy at West Point. And individual companies had distinct ethos, because back in those days, as I remember, you stood with the same company, as far as I knew, the whole four years. And so two or three fundamental challenges then faced the Academy. People, soldiers dont judge other soldiers. 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. I joined the crowd. Viola. 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. She didnt work. Most persons had been introduced at some point to drug usedrinking was very, very accepted. FloridaPanthers.com is the official Web site of the Florida Panthers. 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. These instructors you had at the time, they wereyou said some of them were Vietnam veterans. So what class are you, did you graduate with here at West Point? [9] Upon graduating from Brooklyn Technical High School, Viola attended the United States Military Academy. [2] 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. 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. [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. And I had a few friends from other companies that were in there. According to Forbes, which ranks Violas current real time net worth as $3.4 billion, Viola used the money to splurge on real estate including the $10-million purchase of a pair of beachfront condos in Fort Lauderdales Auberge Beach Residences & Spa. And I was never called for even a drill roll check, nor were any persons in my company. WASHINGTON Vincent Viola, the billionaire Wall Street trader Donald J. Trump has nominated to be the secretary of the Army, was accused in August of punching a concessions . They havent changed much, even til today, for hundreds of years, really. Enter Search Term. 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. They lived in a one-room house. The Delaware attorneys for both sides Jeffrey Gorris for the pension fund and Matthew Stachel for Virtu declined to comment. Viola, 67, a West Point graduate who bought the National Hockey Leagues Panthers in 2013 for a reported $250 million, founded Virtu Financial LLC in New York City in 2008. Jim was born December 11, 1931 in Millinocket, Maine to Angelina (nee Pasquine) and Vincent James Viola, Sr. Jim graduated from the. [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 "Vinnie" Viola is an American billionaire businessman and U.S. Army veteran. Did you feelyou mustve felt disappointed and. Since then, the Foundation has provided free educational programming for hundreds of local public schools and continues to serve the community through ongoing outreach programs, crisis relief efforts, grant programs, and partnerships with local 501c3 organizations. My mom and dad were my dependentsand my younger brother were my dependents from the day I graduated. Most all of themI dont remember any that wasnt. So this family pulsed with a patriotic sense of duty to this country that gave us a great life. The case is in Wilmington, DEs Chancery Court before Vice Chancellor Paul Fioravanti Jr. At the end of January, the court was notified that both sides are engaging on a schedule with the next update by the end of the month. Find Vincent Viola's phone number, address, and email on Spokeo, the leading online directory for contact information. So there are somethere are a couple of capstones in that journey. [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. Vincent J. Viola is the Chairman, Owner and Governor of Sunrise Sports & Entertainment and the National Hockey League's Florida Panthers, as well as Chairman of the Florida Panthers Foundation. SanzaS-A-N-Z-A. Vietnamization, actually, wouldve done some of that. My mom had two of her brothers and five nephews in combat. 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." For us, it wasI only knew I wanted to be an officer, and I wanted to be an Infantry officer, because thats what the vision and image around the Army that I received from my dad. P.O. The senior staff, as I rememberI remember seeing the Korean service ribbon on some of the senior staff and permanent professorsdare I say when I started our Superintendent, William Knowlton, General Knowltonhe served in World War II, in fact. If singularity in the computational world is the point at which speed to process information eclipses the information available which to process, theres a singularity around military ethos. 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. My management leadership operation, dare I say, capacity, capability, is bounded in the skills around platoon leadership. "[17], As of December 2016, Viola had a net worth of $1.78 billion. Did you think you would be going to Vietnam when you entered here? 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. I well remember sitting at a Breakfast next to the Panthers lobbyist when County n City Lobbyists fawned all over him AND A SUN SENTINEL REPORTER even after he was rude to a polite speaker at the Breakfast. COPYRIGHT 2014 WEST POINT CENTER FOR ORAL HISTORY. And from the first day I entered the trading floor, I couldnt believe it, because it had many of the physical characteristics of being around a platoon environment. In 1983, he graduated from New York Law School with a juris doctor degree. 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