He owns valuable New York real estate: Viola owns a 20,000-square-foot townhouse on the Upper East Side of Manhattan, near Central Park. Related by education: New York Law School. 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. My dad was a combat support officer. Vincent James Viola, Jr. of Troy died May 17, 2022. They had been in companies that basically had been very, very broad in its definition of honor. 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. But there was a very, very clear ethos that was sown into me by my immediate familymy nuclear and extended familythat you absolutely must be ready to sacrifice for this country that gave us so much. Florida (US) Branch. He previously served as Chief Executive Officer and Chairman of Virtu Financial and its predecessors since April 2008. 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 mom had two of her brothers and five nephews in combat. My management leadership operation, dare I say, capacity, capability, is bounded in the skills around platoon leadership. And I remember as a young man saying, Thats his life. I dont have specific memory or recall. Months after her Trump indignity, U.S. Judge Aileen Cannon catches Two years after Stop the Steal insurrection at the Capitol: Trumps SoFla lawyer Ticktin faces fourth Bar ethics probe after Florida kept paying millions for a contact tracing app after Roger Stone offers to settle $2 million tax case after New judge recycles Justice Francis dubious playbook for West Palm Beach family court case she left behind, Browards killer sheriff faces twin probable cause findings of perjury as state dawdles and months roll by. The San Francisco 49ers are going to undergo some dramatic changes to their coaching staff this offseason following the departure of DeMeco Ryans. We came from a civilian world that had undergone enormous social disruption. He took illthis is before his heart attack, though. But I do want to make one point about what the Academy was like. And upon further investigations, they found enough to where it was a systemic problem and challenge to the honor code. Never wanted out. 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 and his wife, Teresa, sold the places in March for $11.3 million. 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 we were the first class to actually enter after the war had officially ended, which was, I think, January 12, 1973. And so that means you arrived here in 1970. He was for several weeks President Donald Trump's nominee for United States Secretary of the Army, before withdrawing from consideration. Be the first to know! It caused, for me, a redoubling of my dedication to the Academy. 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. 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. It was a training, basic training location. Now, maybe thats not the experience for every cadet, but I would say a vast majority, a solid amountmaybe majority, vast majority of people who leave the Army after five years leave a part of themselves with the Army, and have to have a feeling theres a void thereabsolutely. 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. The place was enormously proud of itself. 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. Market-maker Virtu completed a series of secondary offerings in May 2019 to help repurchase more than $500 million in stock from Viola. He was for several weeks President Donald Trump 's nominee for United States Secretary of the Army, before withdrawing from consideration. Now, hes sitting on the honor committee in judgment of his fellow cadets, right? Market-maker Virtu completed a series of. So for me, it was quite an abrupt andbut heartening transition. Yes. Viola and other pre-IPO owners, who combined own only a little more than 1/3 of the equity units of Virtu LLC, have received a total of $706 million in cash distributions from Virtu LLC during the last seven quarters, says the complaint, which was filed last March to little media attention. So well just have a nice conversation here. My dad served in combat in World War II, many of my uncles did. Florida Bulldog delivers fact-based watchdog reporting as a public service thats essential to a free and democratic society. Cool on honor meant to the people who apparently would cheat and collaborate was that you were okay with collaborating or cheating. At a peak. They would wear khaki uniforms, and they were called the speed battalion or the speed company. The mansion has bounced on and off the market since 2013. Now, the honor code says not only not to tolerate lying, cheating, or stealing, butor does it say something to the effect of or knowledge of?. Viola and Teresa are both involved in horseracing as the owners of St. Elias Stable and Teresa Viola Racing, respectively. 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). But the storyits kind of interesting because my friends said, You have to come down here. In World War II. Viola has stacked Virtus Board with family, friends and longtime business associates.. So what are theythis would be my take on those incontrovertible principles. 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. We were [a] extremely patriotic family. It was, yeah. He also suffered from alcoholism from when he came home from World War II until my Yearling Year. Vincent "Vinnie" Viola is an American billionaire businessman and U.S. Army veteran. Photo by Eliot J. Schechter/NHLI via Getty Images. And it was a great point of honor for my grandfatherhe actually left the military as a noncommissioned officer of the Italian Army. 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. I think our class did feel shame and does feel shame, because I think our class, in some ways, bore an enormous unspoken responsibility. I was very blessed. Beloved Husband to the Late Myrna (Baker) Viola. 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. 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. 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 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. He was an astute businessman and an extreme opportunist. 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. REGISTERED AGENTS INC. I think he finished his term, as I remember. The San Francisco 49ers head into NFL free agency in a less-than-stellar salary cap situation. The protection of civil liberties was being focused upon. Very much. Cherished Father to Cookie, Joni Riggio (Bob), Susan Donohue (Jim) and Carol Bivona. Vincent "Vinnie" Viola (born 1956) is an American billionaire businessman and U.S. Army veteran. We were probably one of the most extraordinary in that regard. They were all cadets that had been found guilty on honor, or were awaiting their trial, their honor trial, or awaiting results. Which was that the nation was in decline, the Army is in decline, old traditional trusted places were not to be trusted anymore. Viola withdrew his nomination two months later citing business conflicts. I always knew I wanted to be an Infantry officer. Teresa runs the interior decorating company Maida Vale Designs and also owns Teresa Viola Racing Stables. Vincent "Vinnie" Viola (born 1956) is an American billionaire businessman and U.S. Army veteran. 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. The billionaire owner of the Florida Panthers hockey team, Vincent Viola, is at the center of a Delaware lawsuit that alleges he's used his control of a large publicly traded financial services company to improperly divert hundreds of millions of dollars to himself, his family and his cronies. The company that I was a member inas Im sure you knowafter Beast Barracks you are assigned to a company in one of the four regiments. I think leadership is grounded in very clearly discernable and understood principles. Most persons had been introduced at some point to drug usedrinking was very, very accepted. The honor committee became basically a full-time job for him, to the point where, as I remember, he missed many classes. Former President Trump nominated Vincent Viola to become Secretary of the Army in 2017. And you went to a public school, I take itis that right? Judicial intervention is required to end Virtus obstruction of Plaintiffs statutory right to books and records, the complaint says. And I got absolutely no responses, and it was a pretty tough periodit was still a deep recession. They weren't immediately available for . I remember as a young man unrealistically wanting to go to Vietnam. So Ill try to take you through the first day, and to graduation. Viola was a former infantry officer who served in the 101st Airborne Division. 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. If you could just actually spell your name for the transcriber. Public shareholders own whats known as Class A shares in Virtu. 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. In the American Armythats amazing. You only put your minimum, five years and gone. 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. Excellent reporting. Virtu, traded on NASDAQ, is an electronic trading firm and market maker that uses proprietary technology to handle high frequency stock trades. So the storyIm saying the story had kind of gotI mean you had two kinds of wars here. Vincent Viola is our Founder and has served as our Executive Chairman since November 2013. As I remember, they lived in central barracks, and they were almost like a foreign antibodyit was horrible. According to . 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. Viola is a West Point graduate who founded the highly profitable high-frequency trading firm Virtu Financial Inc in 2008, Trump's transition team said in a statement on Monday. [14] Prior to and following the Gulf War, Viola earned millions of dollars betting on oil prices. Did you think you would be going to Vietnam when you entered here? Vietnamization, actually, wouldve done some of that. And your mother was sick also, had you said, or. Even if he didnt know what he was talking about, he sounded like he knew what he was saying. Your father wasin that period your father was suffering from what? [18][6] In 2013, their Upper East Side townhouse was listed for sale at $114 million. Under Mr. Viola's stewardship, the Florida Panthers Foundation has refocused its mission on serving veterans, in addition to investing in children's education, conserving the endangered Florida panther, and growing youth hockey with an emphasis on furthering diversity, inclusion, and access to the game. 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. Viola is a. So you started your question by asking me how do you teach leadership? Five years. He was a devout Airborne soldier named Sidney Berry. 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. Enter Search Term. Jim was born December 11, 1931 in Millinocket, Maine to Angelina (nee Pasquine) and Vincent James Viola, Sr. Jim graduated from the. My dad was three years old, approximately, when they came to America. In 1987, he founded Pioneer Futures, one of the top fifty futures commission merchants in the US. People, soldiers dont judge other soldiers. 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. [2] He is the former chairman of the New York Mercantile Exchange (NYMEX), and the founder and chairman of Virtu Financial. And I remember, in 1971, a young soldier from my neighborhood, who my family knew the family, got killed, and he was an infantryman. You have to study battle. In December 2021 they paid $19.725 million for a six-bedroom, six-bathroom single-family beachfront home on the Gulf of Mexico in Boca Grande, records show. 2023 Forbes Media LLC. Cause it seems almost to epitomize the nadir of the Army. 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. Virtus Board of Directors is aware of the issue, but instead of fixing it, the Board has actively facilitated Violas expropriation. So we were together in the same company for the first three years of my cadet career until the scandal. And. Did you find yourself when you would travel off being mocked and harassed by people? 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. 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." He was the founder of Virtu East in 2008, a founder of Madison . A 1977 West Point graduate, Viola trained as an airborne ranger infantry officer and served in the 101st Airborne Division. VIOLA, VINCENT 69 of East Greenwich, passed away May 3, 2013 at Rhode Island Hospital. Im just trying to understand this. 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. 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. We were always heralded and really, really accommodated. All Rights Reserved. [18], On December 19, 2016, then-President-elect Donald Trump announced his intention to nominate Viola for the position of Secretary of the Army. 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. But you were there, though, at sort of the cross, it seems to me, between the heroic stories of World War II, And then the intersection of that with the very non-heroic stories of Vietnam. Its very interesting. Im sure theres some of that. [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. "[17], As of December 2016, Viola had a net worth of $1.78 billion. Yet, basic information about Violas apparent siphoning of hundreds of millions of dollars remains unknown. What occurred next was extremely, extremethis is my perspective, of coursebut extremely instructional. But we graduated with Major General Berry as our Superintendent. 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)? (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 it was the spring of our Cow Year, our third year here, and I remember during breakfast formationthese might be false memories. 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. 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. The home's billionaire owner, Vincent Viola, who owns the Florida Panthers, nearly sold the home once before. Its the point where you ask yourself do you understand the importance of your role as a combat leader. 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. 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. Lets come back to the time here at West Point during this period. [8], Viola has launched a number of businesses during his career. Did you know you shouldnt have collaborated? The upper classes led the military formation of the cadets as much as the staff here, so its a very unique environment. And about five minutes into the gathering, I see these adult men crying and grabbing my dad, and lo and behold they had remembered how they were starving, and how in the war he brought them a truckload of food, and actually stood with them for two days, as I remember now. 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 academy was a place where those inputs werent really defining the environment. You wanted to be that guy. [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. I think you teach leadership by living leadership. FloridaPanthers.com is the official Web site of the Florida Panthers. 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. Viola later withdrew, however, citing business conflicts. It simply says a cadet will not lie, cheat, steal, nor tolerate those who do. And my roommate at the time was a secretary to the honor committee, and so his life changed overnight. 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. A few had very committed, intellectually grounded reasons for participating in these protests. And remember, from the first day youre here, you understand what singularity isyou understand what singularity is. In 2003 he founded the Combating Terrorism Center at West Point to provide education and research about global terrorism. Now, Im sort of casting that, but I remember as a young cadet on a Saturday morning, more than one time having a math professor when we were cadets, Im saying it againwhen I was a cadet, when we were cadets, we attended class six days a weekSaturday til twelve oclock or something, maybe even laterone oclock maybe. He retired later on as a lieutenant general from the Army. San Francisco 49ers quarterback Brock Purdy is slated to undergo surgery on his throwin elbow Feb. 22 with Dr. Keith Meister performing the procedure. 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. 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. She and her husband also own St. Elias Stables, based in New York City. What was your. 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 he just was extremely involved effectively at forming us as officers. 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. To take you through the first three years of my dedication to the here. 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