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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. Viola especially emphasizes the lifelong importance of his training at West Point for the military and civilian world. 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. And one of the few times I defied my parents, and I selected the 101st Airborne Division. 7901 4TH ST. N, ST. PETERSBURG, FL 33702. 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. In December . [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. Vincent Viola, age 86, of Brooklyn passed away Saturday, January 11, 2020. Could be transferred and translated into other worlds. Now, where were you coming fromwhere did you grow up? My dad hadnt been there since. Teresa runs the interior decorating company Maida Vale Designs and also owns Teresa Viola Racing Stables. My management leadership operation, dare I say, capacity, capability, is bounded in the skills around platoon leadership. Virtu has aggressively fought Plaintiffs books and records demand.. 954-603-1351, Florida Bulldog [14] Prior to and following the Gulf War, Viola earned millions of dollars betting on oil prices. Thats my first memory of the honor scandal. Mr. Viola, 62, bought the property on East 69th Street and Fifth Avenue in 2005 for $20 million, according to PropertyShark records. Viola was a former infantry officer who served in the 101st Airborne Division. 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 to study battle. When you click on the link below, you will be taken to the West Point Association of Graduates website and instructions on how to give to the Center. And you went to a public school, I take itis that right? Agent Address. I think it was the spring of our Cow Year, our third year here, and I remember during breakfast formationthese might be false memories. 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. They havent changed much, even til today, for hundreds of years, really. Virtu, traded on NASDAQ, is an electronic trading firm and market maker that uses proprietary technology to handle high frequency stock trades. I think youthis place overwhelms you in a positive sense. 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. [5], Viola was born in 1956 to an Italian American family in the Williamsburg neighborhood of Brooklyn, New York, the son of Virginia (Torre) and John A. 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. Having a mobile app can increase accessibility for customers and provide a better customer experience. 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? Your father wasin that period your father was suffering from what? I distinctly remember that. 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. Did you find yourself when you would travel off being mocked and harassed by people? Yeah, yeah. 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 one of the things you had to do after Plebe Summer, just to go back, is you had to memorize the drill roll for each class in your company. Horribly, horriblywell, its a strong feeling. The place was enormously proud of itself. Very much. Everybody violated the honor code, so they were just following the trend kind of thing. Now, my dilemma was my branch assignment, because my family really wanted me to stay close. P.O. But there's a ton that can be done to help this team be active after another NFC Championship Game appearance. When General Goodpaster comes back, is that right? 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. REGISTERED AGENTS INC. Electrical engineering, we refer to it as juiceit was one of the required engineering science courses that you had to take at the Academy. He is the son of the late Thomas and the late Caterina (Verrastro) Viola. Copyright 1999-2020 Florida Panthers Hockey Club, Ltd and the National Hockey League. Beloved Husband to the Late Myrna (Baker) Viola. 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. A native of Brooklyn, New York, Mr. Viola is a graduate of Brooklyn Technical School and the U. S. Military Academy at West Point. You transform to depths that youre not aware of. I think you teach leadership by living leadership. Everyone has a different capacity or understanding of it, but the principles of the Academy are overwhelming, and they are sown into you. 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. I think the exercise was handed in over the holiday period of 19. 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. They were called, the term was used, Are you cool on honor? And I found this out later on as the scandal evolvedand. And you learn them here from the first day youre here. And very other senior persons from a bipartisan commission, and after reviewing the conditions which led to the honor code breaking, so to speak, one of the recommendations from the commission was that each of the cadets found guilty would be given a chance to return with the class of 1978. And so there mustve been cadets who, rather than cheating or stealing themselves, were nonetheless implicated just because they were aware of the fact that it was going on down the hallway. How does that happen here? So to an extent, we were sort of isolated. And I remember as a young man saying, Thats his life. 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 . Part of that was because we had some former soldiers in the company who were cadets throughout the four classes that were there any time, and part of it was because we had a tactical officerthen was at the rank of major, Major Joseph Kinzer an old-guard Infantry soldier who was a Vietnam combat veteran, a phenomenal infantryman and a fantastic tactical officer. All Rights Reserved. People always say you learn to be a leader at West Point, but I find it hard to imagine how you teach leadership. My mom had two of her brothers and five nephews in combat. 118 records for Vincent Viola. He previously served as Chief Executive Officer and Chairman of Virtu Financial and its predecessors since April 2008. And look at me, actually, instead of at the camera. Photo by Eliot J. Schechter/NHLI via Getty Images. The socialization of the anti-military and anti-war movement had trickled from the campuses to the high school hallways by the time 1969, 70, 71, that period. If you are slightly potentialed to want to be hereslightly potentialed in your deepest personality to be selflessif you have the United States of America as part of your core identityyou have to understand that the rewards of selfless leadership are enormously infectious. 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Now, hes sitting on the honor committee in judgment of his fellow cadets, right? I think hewell, I dont know what you would call that. So there are somethere are a couple of capstones in that journey. So as I remember, there was a period where cadets basicallycadets who were charged basically claimed that everyone cheated at the Academy, and the honor code wasnt being upheld. So that was sort of the lowest quiz or take-home exam you could have. 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. (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. [2] He is the former chairman of the New York Mercantile Exchange (NYMEX), and the founder and chairman of Virtu Financial. 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. So my class would be a fascinating study. So this family, from thisthey both came from the same village, my mom and dadfrom this little hamlet had over ten persons serving this new country in harms way. And I remember hearing that, in fact, a group of professors had seen identical submissions from cadets, and it was uncanny, and therefore, they began to investigate. Mr. Viola and his wife, Teresa, have three sons - John, Michael, and Travis - and several grandchildren. Donald Trump appointed Viola to be Secretary of the Army in December 2016 but And so theit mustve been quite an achievement for you. 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. Can I get a free decade please? Viola Has an Estimated Net Worth of $1.79 Billion. So what was it like? [6][7][8] His father, an immigrant from Italy, worked as a truck driver after serving in the U.S. Army in the European theater of WWII. What was theit was not. 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. Well, of course, as a young man, you yearn for it to be a chivalrous and successful national mission and national adventure. Did your class feel shamed by this, you think? 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. Im kind of grasping back. 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. Did you ever find yourselfeither because of the rigor of the training or because the temptations from the outside world or because of, perhaps, disappointment in your own class over this scandalthat you really wanted out? What did you go to do after you left? 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. So you knew everyones name when you began the first week after Beast Barracks that you would spend with your new company, called reorganization week. My dad used to always say, Freedom isnt free. Guess that was justthats kind of a little bit of background. And I rememberand we had to recite, every day, in most classesparticularly mathematics, where we would take positions at our blackboards and solve a problem, and then brief on that problem. I was very blessed. Sure, sure. Dan Christensen We appreciate your gererosity! Viola. People, soldiers dont judge other soldiers. Panthers owner and Army secretary nominee Vincent Viola allegedly punched a concessions worker at a racehorse auction in Saratoga Springs, New York, on Aug. 8, according to a police report. And its a very grave, simple, but singular point in which your responsibility to duty and your understanding of it intercedes with your desire to take it on. Douglas A. Cifu - Vice Chairman, Partner & Alternate Governor. Standing in formation, being of correct order, marching in formationso youre physicalizing on your leadership ability, and it was the same always. I remember the first time I heard an upperclassman kind of bad-mouthing some of the policies of the Academy. Vincent Viola grew up in Brooklyn, graduated from West Point, is a former chairman of the New York Mercantile Exchange and after the Sept. 11 attacks founded a center devoted to combating terrorism. It was a combination of hearthe had congenital heart disease that went undiagnosed, and just was rendered incapable. $2.5 billion, according to our most recent tally. Yep. He was a combat commander during Vietnam. 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. 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. Wonder when the last time the Panthers wrote Broward a rent check? My mom was not sick, but she was an Italian-American housewife. 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. 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. We have a responsibility to address this direct public health threat that impacts the populations we serve as well as those who use our facilities. Mr. She and her husband also own St. Elias Stables, based in New York City. The Official Site of the Florida Panthers. Dare I say they aretheyre definitional. [18], On December 19, 2016, then-President-elect Donald Trump announced his intention to nominate Viola for the position of Secretary of the Army. All donations are tax deductible. FloridaPanthers.com is the official Web site of the Florida Panthers. And in fact, I remember some of my cadet summers actually working to make money to give to my family. I remember as a young man unrealistically wanting to go to Vietnam. 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. In 2003, he founded and helped fund the Combating Terrorism Center at . You felt that from the first day, because it wasthe first day is transformational. Use arrows to navigate between autocomplete results. The honor committee became basically a full-time job for him, to the point where, as I remember, he missed many classes. He graduated from West Point in 1977 and New York Law School in 1983. 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. 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 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 for several weeks President Donald Trump's nominee for United States Secretary of the Army, before withdrawing from consideration. 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. And so that means you arrived here in 1970. 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. 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. Box 23763 And so two or three fundamental challenges then faced the Academy. Vincent "Vinnie" Viola is an American billionaire businessman and U.S. Army veteran. [20], Viola withdrew himself from consideration for the position on February 3, 2017, citing his inability to comply with Pentagon regulations regarding personal businesses. It was a special provisional detachment. But their claim thatwas that everybody cheated. 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. He was a devout Airborne soldier named Sidney Berry. 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). "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.". 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. But the storyits kind of interesting because my friends said, You have to come down here. My mom had two of her brothers and five nephews in combat. The Williamsburg section of Brooklyn seeing that they came back a bit detached and unsure around the heraldry of their service. 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?. And in the First Class year, then theres theseare they suspended out of the Academy? That date might be wrong, but I think the armistice peace treaty was signed January of 1973so everyone in the class had applied with the foreknowledge that we were a nation at war, and yet before we entered, it was a nation now post-war. And much like the gestalt of the popular culture takes root, and it is least commonly denominated, people would just almost organically attract to antiwar protests. 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. at Columbia Law School. Are you cool on honor? meant what, though? 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. ALL RIGHTS RESERVED. The Delaware attorneys for both sides Jeffrey Gorris for the pension fund and Matthew Stachel for Virtu declined to comment. The Ft L Commissioners lead by Dean to be honest, WERE STAR STRUCK BY PANTHERS LOBBYISTS CAMPAIGN CONTRIBUTIONS, but as a Commissioner said to me privately after I protested the proposed deal, Who cares what we do? (except the lobbyists)? 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. Im sure that Spring of 1976 through the Spring of 1977 was one of those periods. He was the founder of Virtu East in 2008, a founder of Madison . Right. I was young, but I had this sense like, I want to go there if, when Im 18, I can. But that was probably a bit sort of romantic in my assessment or a bit nostalgic in assessment. In 2017, a buyer was in contract to buy the home from Viola for $80 million, The Real . So you had to be something of a maverick to want to stand up and say, Im going to go to the [United States] Military Academy now, particularly in the middle of the Vietnam Waror actually, at the end of the Vietnam War, even more. In paperwork filed with the court, however, Virtu denied any wrongdoing. 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. In 1988, he founded The Independent Bank Group, a Texas-based regional bank which is listed on NASDAQ (IBTX). 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. All Rights Reserved. Im just trying to understand this. [9] Upon graduating from Brooklyn Technical High School, Viola attended the United States Military Academy. And the academy was a place where those inputs werent really defining the environment. 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. And that stuck with mesort of confirmed for me that the military was an honorable profession. 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. So lets talk a little bit about that. 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. Viola took the company public in April 2015. Its a small town nestled in the Valiano region of, mountainous region of BasilicataBasilicata is the region, Campania is the greater region. And your mother was sick also, had you said, or. So this family pulsed with a patriotic sense of duty to this country that gave us a great life. Vincent James Viola, Jr. of Troy died May 17, 2022. 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. Did you knowyou mustve known some of the cadets that were involved with this. 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). To come down here was an honorable profession interior decorating company Maida Vale Designs and also Teresa... Proprietary technology to handle high frequency stock trades in 2008, a regional... Heart disease that went undiagnosed, and U.S. Army veteran fund the Combating Center. Here because its a free education Williamsburg section of Brooklyn seeing that they came back a bit and... 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