And I remember there was this phenomenon called the honor drill roll, where they would sit down with charged cadets and basically ask them to put a check next totheyd go through each ofthe drill roll was basically the roster of each company of everyone in that class. He previously served as Chief Executive Officer and Chairman of Virtu Financial and its predecessors since April 2008. And he just was extremely involved effectively at forming us as officers. Horribly, horriblywell, its a strong feeling. Exactly, you know. 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. 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. So that was sort of the lowest quiz or take-home exam you could have. 1. And my dad tells a story that the captain said to himmy grandfather did mention that they were starving. Vincent "Vinnie" Viola (born 1956) is an American billionaire businessman and U.S. Army veteran. My mom was not sick, but she was an Italian-American housewife. 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. He was for several weeks President Donald Trump 's nominee for United States Secretary of the Army, before withdrawing from consideration. So the cheating happened in their Firstie Year? Vincent Viola is our Founder and has served as our Executive Chairman since November 2013. I remember the first time I heard an upperclassman kind of bad-mouthing some of the policies of the Academy. You were always very good at mathematics. I was always pretty good at mathematics. 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. The San Francisco 49ers head into NFL free agency in a less-than-stellar salary cap situation. [14] Prior to and following the Gulf War, Viola earned millions of dollars betting on oil prices. 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 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. And. We were [a] extremely patriotic family. In the American Armythats amazing. 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. I think thats why many persons who get out continually try to serve, either in their community or in other capacities. We had a gentleman who was a war hero. Mr. Viola was the owner/operator o Box 23763 Of course, it also dovetailed with the larger story going on outside of the Academy. 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. A 1977 West Point graduate, Viola trained as an airborne ranger infantry officer and served in the 101st Airborne Division. I think our class did feel shame and does feel shame, because I think our class, in some ways, bore an enormous unspoken responsibility. They weren't immediately available for . 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. Mr. Viola is one of the nation's foremost leaders in electronic trading. Viola took the company public in April 2015. I guess thats where success on the battlefield really stems fromthis almost deep well of unassumed courage and unassumed dedication to your soldiers. So we were together in the same company for the first three years of my cadet career until the scandal. Market-maker Virtu completed a series of. And my dad received a V letter from my grandfather, commanding him, basically as strong Italian fathers will do to their sons, that he must go visit his relatives in the village where my dad was actually born. Did your class feel shamed by this, you think? You come here, and its interesting because society was just integrating, and internalizing the disruption that it experienced from the middle of the Vietnam War until its end. A graduate of the U.S. Army Ranger school, he served in the 101st Airborne Division and later attained the rank of Major in the Army Reserves. My dad used to always say, Freedom isnt free. Guess that was justthats kind of a little bit of background. I appliedI paid someone to write a resume. 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 have a responsibility to address this direct public health threat that impacts the populations we serve as well as those who use our facilities. ALL RIGHTS RESERVED. [2] He is the former chairman of the New York Mercantile Exchange , and the founder and chairman of Virtu Financial. Ill veer off to a very interesting story. My dad was a combat support officer. So for me, it was quite an abrupt andbut heartening transition. Doctor of Jurisprudence, New York Law School; Bachelor of Arts/Science, United States Military Academy. Did you havedid your family have an Army background at all? [21], After the 9/11 attacks, Viola helped found the Combating Terrorism Center at West Point, and was the principal funder at its creation. And the academy was a place where those inputs werent really defining the environment. 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. I cameI was raised in Brooklyn, New York, and a very, very parochial, if not insulated, Italian-American neighborhood. 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)? He is the son of the late Thomas and the late Caterina (Verrastro) Viola. The place was enormously proud of itself. Your RSA Security Is On Its Last Legs. 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. Vincent Viola was born August 13, 1933 in Brooklyn, NY. So my class and my company of A4 did not have one persons paper questioned, so we were almost in this kind of vacuum. I dont have objective evidence. And you learn them here from the first day youre here. Now, whyd you get out of the Army? Exactlywouldve shifted, then, before you actually completed your. Most persons had been introduced at some point to drug usedrinking was very, very accepted. Did you knowyou mustve known some of the cadets that were involved with this. 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. FloridaPanthers.com is the official Web site of the Florida Panthers. 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. 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. Anyway, to make a very, very long story short, we get to the town, people start collecting around my dad spontaneouslybecause its a very small town, even in 1980. He drew people in. So I remember distinctly, as a young man, reading about some of the first battlesI cant remember specifically which ones. We had war heroes. It was a combination of hearthe had congenital heart disease that went undiagnosed, and just was rendered incapable. The relationship between him and the nation was ephemeral, and so when youre raised around that, you really get a sense that there are principles at work and mechanisms at work much, much more important thantheyre gifts. You cannot help but that feeling. 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. 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. Public shareholders own whats known as Class A shares in Virtu. My mom had two of her brothers and five nephews in combat. The home's billionaire owner, Vincent Viola, who owns the Florida Panthers, nearly sold the home once before. Additionally, the suit says, Viola owns nonpublic, super-voting stock that lets him retain control over Virtu and Virtu LLC. I think hewell, I dont know what you would call that. 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. Viola later withdrew, however, citing business conflicts. San Francisco 49ers quarterback Brock Purdy is slated to undergo surgery on his throwin elbow Feb. 22 with Dr. Keith Meister performing the procedure. I distinctly remember that. And I remember, in 1971, a young soldier from my neighborhood, who my family knew the family, got killed, and he was an infantryman. He was a combat commander during Vietnam. 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. 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. The numbers are staggering. Florida Panthers and floridapanthers.com are trademarks of the Florida Panthers Hockey Club, Ltd. NHL, the NHL Shield, the word mark and image of the Stanley Cup and NHL Conference logos are registered trademarks and NHL Draft name and logo are trademarks of the National Hockey League. And therefore, thats why the scandal happened. 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. Teresa runs the interior decorating company Maida Vale Designs and also owns Teresa Viola Racing Stables. You transform to depths that youre not aware of. In fact, my first company commander is a very, very successful soldier, the class of 1975, Lieutenant General Benjamin Freakley. And your mother was sick also, had you said, or. Thats my first memory of the honor scandal. So what are theythis would be my take on those incontrovertible principles. We were probably one of the most extraordinary in that regard. He was for several weeks President Donald Trump's nominee for United States Secretary of the Army, before withdrawing from consideration. All NHL logos and marks and NHL team logos and marks as well as all other proprietary materials depicted herein are the property of the NHL and the respective NHL teams and may not be reproduced without the prior written consent of NHL Enterprises, L.P. This is very, very unique. Im sure theres some of that. The upper classes led the military formation of the cadets as much as the staff here, so its a very unique environment. In 2019, the company repurchased more than $500 million in company stock from Viola. Tell me about Branch Night for youwhat did you choose? And dare I say even the cadets that suffered the current popular cultural gestalt of moral relativism while they were here, at their core desired and wanted to be combat leaders. The 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. I was very blessed. $2.5 billion, according to our most recent tally. 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 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. And one of the few times I defied my parents, and I selected the 101st Airborne Division. He took illthis is before his heart attack, though. 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. [2] 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. 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. 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. Well, what I remember of it is interesting, because there are very stark, deeply, almost burnt memories and images of it. Absolutelyyeah, it did. 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. The home is held in the name of a Delaware corporation using the propertys address. Viola and other pre-IPO insiders continue to directly own units of Virtu LLC that are economically equivalent to Class A shares. Rent, food and alcohol sales, parking, etc. TRD Staff. We only knew we wanted to serve our country. One sort of out of the movies, in a sense, and the other one. 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." My dad took ill during my Yearling Year, and I was theI had become quickly the sole source of leadership in my family, and. I think there was my company, A4, and one other company that didnt have anyone in it questioned. Viola withdrew his nomination two months later citing business conflicts. My dad served in combat in World War II, many of my uncles did. We came from a civilian world that had undergone enormous social disruption. What was theit was not. But how does that really translate? The actress was born the fifth of six children in St. Matthews, South Carolina, in her grandparents' house, where her grandfather was a sharecropper on a plantation. And I remember hearing later that the people were called out of formation, because they were informed that they were under an honor investigation for an exercise, a take-home exercise that we had in electrical engineering. We are nonprofit, independent, nonpartisan, experienced. In some ways it does, absolutely, I would say. But I remember there was a formation, and I remember there were a host of names called out to fall out at the end of the formation. Could be transferred and translated into other worlds. The West Point Center for Oral History is a privately funded organization that relies on the generosity of donors. She and her husband also own St. Elias Stables, based in New York City. Yes. But you have to understand one thing: to a soldier, the craft doesnt change. Did you feelyou mustve felt disappointed and. My mom and dad were my dependentsand my younger brother were my dependents from the day I graduated. Copyright 1999-2020 Florida Panthers Hockey Club, Ltd and the National Hockey League. He retired later on as a lieutenant general from the Army. 55 which suspects its been cheated. How much revenue does Broward County get from non-hockey events and what do the Panthers get for non-hockey events? 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. People always say you learn to be a leader at West Point, but I find it hard to imagine how you teach leadership. He was for several weeks President Donald Trump's nominee for United States Secretary of the Army, before withdrawing from consideration. 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. E. 69th St. for the slashed price of $59 million, according to property records and sources. He was an astute businessman and an extreme opportunist. So well just have a nice conversation here. 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. We were very, very Spartan and committed to the Academy and to its principles. [27] In January 2021, they sold their townhouse in the Brooklyn Heights Historical District for $25.5 million, setting a borough record. 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). 2017. Chair in Catholic Theology at Fordham University.[26]. They are co-owners of Kentucky Derby winner Always Dreaming. Thats his passion. And his devotion and his enthusiasm around it and pride in it was completely infectious. Now, where were you coming fromwhere did you grow up? All Rights Reserved. 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. Its the point where you ask yourself do you understand the importance of your role as a combat leader. And so two or three fundamental challenges then faced the Academy. And every time I went home, until my first class year, just because we could go home in civilian clothes, and it was easier, I would go home in uniform, and I was always heralded. And 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. At a peak. Oh, what did I do professionally? Who was Superintendent when all this happened? Thats a great point. I think you teach leadership by living leadership. Vincent Viola and 2 Pierrepont Street (Getty, Google Maps) Tenants at 2 Pierrepont Street, a Brooklyn Heights rental building, filed a lawsuit against . Very fascinating, thats a great question. Yeah. 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. And my roommate at the time was a secretary to the honor committee, and so his life changed overnight. 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. My dad hadnt been there since. Virtu has aggressively fought Plaintiffs books and records demand.. Because now it had elevated past the control of the Corps, and it became a challenge to the administration of the Academy. So he tells a story about how he was assigned then to a maneuver battalionIm sure as a supply sergeant of some sortfollowing the invasion of Anzio, and he received a V letter from my grandfather, who wasmy grandfather had spent approximately 14 years in the Italian cavalry and horse-drawn artillery and served with a very prestigious Italian artillery regiment and participated in the series of a campaign in the Alps and the Isola Valley in World War I. Five years. 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 . I think hes not removed. [9] Upon graduating from Brooklyn Technical High School, Viola attended the United States Military Academy. And Im sure it was enormously evolving around the subculture here or impactful on what was going on outside the gates. I remember a Major Davison, in military instructionI think, believe he was class of 1964. 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. 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. Anyway, my dad did that, and in 1980 my dad took a massive heart attack19791980. 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. Photo by Eliot J. Schechter/NHLI via Getty Images. Viola is a. 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