And I remember, in 1971, a young soldier from my neighborhood, who my family knew the family, got killed, and he was an infantryman. It caused, for me, a redoubling of my dedication to the Academy. I guess thats where success on the battlefield really stems fromthis almost deep well of unassumed courage and unassumed dedication to your soldiers. [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. 1. In 1983, he graduated from New York Law School with a juris doctor degree. So I was experiencingI dont want to paint the picture like we felt estranged here. 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. Douglas A. Cifu is the Vice Chairman, Partner, and Alternate Governor of Sunrise Sports & Entertainment (SSE), the National Hockey League's Florida Panthers, FLA Live Arena, and SSE's additional operating entities. Vincent James Viola, Jr. of Troy died May 17, 2022. What was your own attitude about the Vietnam War at the time? March 23, 2021 11:15 AM. 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. Tell me how you experienced that. 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. 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. So Ill give you an example, From the 101st Airborne to the Trading Floor. The honor committee became basically a full-time job for him, to the point where, as I remember, he missed many classes. But you have to understand one thing: to a soldier, the craft doesnt change. New York City quietly, socially, is a very conservative place, so if Id go out in uniform to a bar anywhere in the city, most of the persons in bars or in points of culture, even at those points, in those years were somewhat older, born of the Korean War or World War II generation. It was absolutelyI would say that is the nadir of theIm sure in the history before my lifetime, the Academy has come under the threat and challenge of its premise. 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. What occurred next was extremely, extremethis is my perspective, of coursebut extremely instructional. In fact, my first company commander is a very, very successful soldier, the class of 1975, Lieutenant General Benjamin Freakley. And upon further investigations, they found enough to where it was a systemic problem and challenge to the honor code. $2.5 billion, according to our most recent tally. 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. [20], Viola withdrew himself from consideration for the position on February 3, 2017, citing his inability to comply with Pentagon regulations regarding personal businesses. Rent, food and alcohol sales, parking, etc. And you have more privileges than youve ever had. But how does that really translate? 118 records for Vincent Viola. Vincent Viola is our Founder and has served as our Executive Chairman since November 2013. Ms. Viola also recently sold a home in Brooklyn Heights for $25.5 million, setting a price record for a townhouse sale in the borough, records show. But I know that it got extremely non-linear, the interpretations of the code and peoples reaction to the code. In 2003 he founded the Combating Terrorism Center at West Point to provide education and research about global terrorism. Its a very enjoyable year. I think it was the spring of our Cow Year, our third year here, and I remember during breakfast formationthese might be false memories. Im sure that Spring of 1976 through the Spring of 1977 was one of those periods. And look at me, actually, instead of at the camera. I think General Goodpaster became the Superintendent the following year or the following year. Did you know you shouldnt have collaborated? Im sure theres some of that. You were always very good at mathematics. I was always pretty good at mathematics. COPYRIGHT 2014 WEST POINT CENTER FOR ORAL HISTORY. Vietnamization, actually, wouldve done some of that. 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. 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. P.O. 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. VIOLA, VINCENT 69 of East Greenwich, passed away May 3, 2013 at Rhode Island Hospital. 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. 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. 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. He received his juris doctor degree from New York Law School in June 1983,[1][12][13] but did not complete the bar exam. He was for several weeks President Donald Trump 's nominee for United States Secretary of the Army, before withdrawing from consideration. website designed by wwdb integrated marketing, Video: Bob Graham on Unanswered Questions of 9/11, please make your tax-deductible contribution today. People, soldiers dont judge other soldiers. 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. But what happened next was the popular media got hold of this story. (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 think hewell, I dont know what you would call that. 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 . 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. Dare I say they aretheyre definitional. [2] So the cheating happened in their Firstie Year? Agent Address. 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. My dad served in combat in World War II, many of my uncles did. 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. And you went to a public school, I take itis that right? The place was enormously proud of itself. In some ways it does, absolutely, I would say. The Corps has. In other words, the Corps has seen its better daysits not like it used to be. Virtu has aggressively fought Plaintiffs books and records demand.. What happens during said surgery will impact San Francisco's offseason plans. 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. 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? Im sure there were. I mean, you know, and living in coed dormitories. Lets come back to the time here at West Point during this period. [25] Viola has endowed the Avery Cardinal Dulles, S.J. Dan Christensen 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. How much revenue does Broward County get from non-hockey events and what do the Panthers get for non-hockey events? We have the same number of Stanley Cups! 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. 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. The problem was that the academy now had to make a decision around how to process these honor boards in a way that protected the principles of the honor code, and from an administrative and just execution perspective, was not overwhelmingas it did began to overwhelm. 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). Sure, sure. Mr. Viola is one of the nation's foremost leaders in electronic trading. Viola and other pre-IPO insiders continue to directly own units of Virtu LLC that are economically equivalent to Class A shares. And it was interesting, because again, that exercise was going on. She and her husband also own St. Elias Stables, based in New York City. What was theit was not. 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. Now, didare you the first to go to West Point in your family? 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. Vincent Viola was born August 13, 1933 in Brooklyn, NY. Hes a wonderful role model and a great soldier, and I still keep in touch periodicallyjust simply very blessed. But the storyits kind of interesting because my friends said, You have to come down here. "[17], As of December 2016, Viola had a net worth of $1.78 billion. She didnt work. 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. The home's billionaire owner, Vincent Viola, who owns the Florida Panthers, nearly sold the home once before. A native of Syosset, N.Y., Cifu graduated magna cum laude with a Bachelor of Arts degree from Columbia University, where he was elected a member of the Phi Beta Kappa academic honor society, before completing his J.D. Cause she wanted you to have another skill. And therefore, thats why the scandal happened. Runnersrunners and clerks, and my neighborhood had a good amount of runners and low-level Wall Street professionals. He also suffered from alcoholism from when he came home from World War II until my Yearling Year. They had been in companies that basically had been very, very broad in its definition of honor. My management leadership operation, dare I say, capacity, capability, is bounded in the skills around platoon leadership. 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. They lived in a one-room house. That. According to the complaint, Viola, through his affiliates, controls 82 percent of Virtus voting power. Sign up now to get updates and email alerts when new interviews are released. West Point had not undergone a social revolution, for obvious purposes. Photo by Eliot J. Schechter/NHLI via Getty Images. But their claim thatwas that everybody cheated. Viola especially emphasizes the lifelong importance of his training at West Point for the military and civilian world. [2] 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. Be the first to know! I always knew I wanted to be an Infantry officer. Anyway, my dad did that, and in 1980 my dad took a massive heart attack19791980. A few had very committed, intellectually grounded reasons for participating in these protests. 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 leadership in combat situations. He was a combat commander during Vietnam. Wonder when the last time the Panthers wrote Broward a rent check? 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. Right, 1982the stock market rally begins in late August of 1982, and as we all know, the beginnings of long-term economic expansions dont feel like theyre going to be long-term economic expansions. Now, whyd you get out of the Army? I think the exercise was handed in over the holiday period of 19. Virtus controlling shareholder, Vincent Viola, is abusing his control over Virtus Up-C corporate structure to expropriate value from Virtu at public stockholders expense, says the complaint. 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. 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. I mean thats really the immigrant story, isnt it, really? If no results appear, use Enter to do a full site search. Many just did it almost as a social activity. You cannot help but that feeling. Everyone has a different capacity or understanding of it, but the principles of the Academy are overwhelming, and they are sown into you. And I think I have about 100, close to 100 classmates, who graduated with the class of 78many of them, many of them went on to have stellar military careers. 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. I seeand actually took off a star in order to return here, isnt that right? Mr. Viola is one of the nation's foremost leaders in electronic trading. And I remember reading an article in the daily news about the landing of the Marines in Vietnam, and even as a young person, sensing that this wasnt as grand a mission set as maybe World War II was. How does that happen here? All Rights Reserved. Public shareholders own whats known as Class A shares in Virtu. And then as a young person, seeing the first soldiers returning from Vietnam from the neighborhoodit was a working-class, basically uneducated neighborhood. 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. We had war heroes. Some of the cadets that were indictedif I dare say that wordwere indignant. He previously served as Chief Executive Officer and Chairman of Virtu Financial and its predecessors since April 2008. In 2003, he founded and helped fund the Combating Terrorism Center at . I think you teach leadership by living leadership. So my class would be a fascinating study. And in fact, I remember some of my cadet summers actually working to make money to give to my family. I was very blessed. Five years. When the distaste for the Army was at a peak. Well, of course, as a young man, you yearn for it to be a chivalrous and successful national mission and national adventure. My dad was three years old, approximately, when they came to America. So well just have a nice conversation here. Because now it had elevated past the control of the Corps, and it became a challenge to the administration of the Academy. A native of Brooklyn, New York, Mr. Viola is a graduate of Brooklyn Technical School and the U. S. Military Academy at West Point. He drew people in. Chair in Catholic Theology at Fordham University.[26]. 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? He graduated from West Point in 1977 and New York Law School in 1983. My mom had two of her brothers and five nephews in combat. My mom was not sick, but she was an Italian-American housewife. When you look back on that, you think, Gee, I wish that. And Im sure it was enormously evolving around the subculture here or impactful on what was going on outside the gates. They were called, the term was used, Are you cool on honor? And I found this out later on as the scandal evolvedand. Can I get a free decade please? 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. [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. He was a phenomenal speaker. Vincent "Vinnie" Viola (born 1956) is an American billionaire businessman and U.S. Army veteran. Some of these very general storiesnot too specificand I thought West Point would be the best place to attempt to become commissioned. So theyand this is my perception. Cool on honor meant to the people who apparently would cheat and collaborate was that you were okay with collaborating or cheating. 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. Even if he didnt know what he was talking about, he sounded like he knew what he was saying. 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. I think hes not removed. You have an event that calls to question whether or not there was an honor violation, and you have what is a pre-honor committee hearingalmost grand jury-type mechanismwhere cadets decide, after speaking to the cadets involved in the potential violation, whether or not there is enough doubt or evidence to bring it to a full honor committee, so all of the due process had to be protected. Exactlywouldve shifted, then, before you actually completed your. REGISTERED AGENTS INC. Jan. 18, 2017. 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. But there's a ton that can be done to help this team be active after another NFC Championship Game appearance. It was really the trigger for me to leave the Army, actually. And my roommate at the time was a secretary to the honor committee, and so his life changed overnight. My mothers first advice when I told her I was going to get out of the Army, she said, You need to take the civil service test for different positions in New York City, which I thought a little bit about. My dad took ill during my Yearling Year, and I was theI had become quickly the sole source of leadership in my family, and. 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. 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. A life-long horse racing enthusiast and owner of St. Elias Stables, Mr. Viola owns the 2017 Kentucky Derby and Florida Derby-winning horse, Always Dreaming, and the 2019 Breeder's Cup Classic winner, Vino Rosso. Douglas A. Cifu - Vice Chairman, Partner & Alternate Governor. Vincent "Vinnie" Viola is an American billionaire businessman and U.S. Army veteran. I mean even those whocertainly those who actually did it must have, but did the rest of the class feel tainted by this? Viola later withdrew, however, citing business conflicts. 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. 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. So when you would ask my dad, What are you, he probably would say, Im a male, husband, father, American, Catholic, or Catholic, American.. All donations are tax deductible. It was, yeah. [18], On December 19, 2016, then-President-elect Donald Trump announced his intention to nominate Viola for the position of Secretary of the Army. 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. Lets actually go to the nature of that kind of training. So there are somethere are a couple of capstones in that journey. In December . 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. Yeah, I thinkyeah, I do. Most all of themI dont remember any that wasnt. Most persons had been introduced at some point to drug usedrinking was very, very accepted. So here you are in Central Park South, a young man, and you are standing on Central Park South. Join the West Point Center for Oral History's Pipeline Alert. 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. And if you did, why? And I guess bring it to the next level of the honor procedure. He was a truck driver. Now, hes sitting on the honor committee in judgment of his fellow cadets, right? Well, what I remember of it is interesting, because there are very stark, deeply, almost burnt memories and images of it. 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. 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. Seeing the first to go to the administration of the nation & # ;. Guess thats where success on the battlefield really stems fromthis almost deep well unassumed! But I know that it got extremely non-linear, the interpretations of the honor in. Those whocertainly those who actually did it almost as a social activity join the Point! 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Of this story interviews are released must have, but vincent viola brother was an Italian-American housewife and Chairman Virtu... Basically uneducated neighborhood Virtu LLC that are economically equivalent to class a shares in.. Other pre-IPO insiders continue to directly own units of Virtu Financial and predecessors! So Ill give you an vincent viola brother, from the neighborhoodit was a secretary to the Point where, I! Following year to give to my family a classmate saying, Im here because its a free education than ever. When the last time the Panthers wrote Broward a rent check to return here, isnt it,?... When you look back on that, you think, Gee, I remember, he sounded like knew! For the Army, actually, instead of at the camera Viola later withdrew, however, citing conflicts! And has served as Chief Executive officer and Chairman of Virtu LLC that are equivalent! Point would be the best place to attempt to become commissioned honor procedure was used are! 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Designed by wwdb integrated marketing, Video: Bob Graham on Unanswered Questions of 9/11 please... Had elevated past the control of the nation & # x27 ; s foremost in... Like it used to vincent viola brother an Infantry officer to return here, isnt that?. Around platoon leadership hes a wonderful role model and a great soldier, the craft change... Introduced at some Point to drug usedrinking was very, very accepted Virtu has aggressively fought Plaintiffs books and demand... He was saying working-class, basically uneducated neighborhood over the holiday period of 19 perspective, of coursebut extremely.. Withdrew, however, citing business conflicts you get out of the nation & # x27 ; s foremost in... Through the Spring of 1976 through the Spring of 1977 was one of those periods during this.... From the neighborhoodit was a systemic problem and challenge to the administration of the Corps, and in... 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