Virtu now refuses to produce documents necessary to investigate the apparent wrongdoing.. 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. We had a gentleman who was a war hero. And I was born in a neighborhood that was very close to Wall Street, and the generation before mecause Wall Street always had a demand, especially in those days, for pretty much cheap labor. His father's Army service made a significant impression on Viola as a youth. And of course, my class suffered the honor scandal of 1976. So Ill try to take you through the first day, and to graduation. Additionally, the suit says, Viola owns nonpublic, super-voting stock that lets him retain control over Virtu and Virtu LLC. Yeah, and he was my first company commander. Vincent Viola, age 86, of Brooklyn passed away Saturday, January 11, 2020. Now, whyd you get out of the Army? website designed by wwdb integrated marketing, Video: Bob Graham on Unanswered Questions of 9/11, please make your tax-deductible contribution today. [2] He is the former chairman of the New York Mercantile Exchange (NYMEX), and the founder and chairman of Virtu Financial. It was really the trigger for me to leave the Army, actually. I think thats why many persons who get out continually try to serve, either in their community or in other capacities. The home is held in the name of a Delaware corporation using the propertys address. 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. But the storyits kind of interesting because my friends said, You have to come down here. You said osmotic, but sort of how didwhat were the core elements that you took away from here that led you to feel that you were a leader, not only in the world of the Army, but out in the civilian world, too, where youve had enormous success, and where you have taken some of what youve learned and applied it to the outside world? Its a very enjoyable year. 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. Many just did it almost as a social activity. Its very interesting. So to an extent, we were sort of isolated. 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. Exactly, you know. 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 with the idea that he was going to clean up the Academy from the scandal. 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. 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. So as would follow, the qualifications of my class were not as high as classes before and classes after. 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. And my dad tells a story that the captain said to himmy grandfather did mention that they were starving. So here you are in Central Park South, a young man, and you are standing on Central Park South. My mom had two of her brothers and five nephews in combat. Yeah. Since then, the Foundation has provided free educational programming for hundreds of local public schools and continues to serve the community through ongoing outreach programs, crisis relief efforts, grant programs, and partnerships with local 501c3 organizations. My dad was three years old, approximately, when they came to America. It absolutely did, and as it, thankfully, always does, the Academy and itsthe accommodation of its Spartan core and Athenian, almost, force, or pilot flame, is almost this intellectual curiosity that must exist here and does, always lags and doesnt react as broadly, deeply, or as quickly. We had war heroes. 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. 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. 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. We are nonprofit, independent, nonpartisan, experienced. It was a combination of hearthe had congenital heart disease that went undiagnosed, and just was rendered incapable. Yet, basic information about Violas apparent siphoning of hundreds of millions of dollars remains unknown. I think our class did feel shame and does feel shame, because I think our class, in some ways, bore an enormous unspoken responsibility. Lets come back to the time here at West Point during this period. In 1983, he graduated from New York Law School with a juris doctor degree. Cool on honor meant to the people who apparently would cheat and collaborate was that you were okay with collaborating or cheating. 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. 33307. So this family pulsed with a patriotic sense of duty to this country that gave us a great life. They were all cadets that had been found guilty on honor, or were awaiting their trial, their honor trial, or awaiting results. The Hong Kong billionaire developer sees silver lining in mainland Chinas property market turmoil, readies master plan to hand over group to next generation. Never wanted out. What was your own attitude about the Vietnam War at the time? Viola is the owner of the NHL Florida Panthers. And fast forward to the summer now of our Cow Year, into our first of yearnow, you have to remember, the First Class year of a cadet is so phenomenally anticipated and so waited for, because, obviously, its your last year at the Academy. We appreciate your gererosity! 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. Your RSA Security Is On Its Last Legs. It was a training, basic training location. So what class are you, did you graduate with here at West Point? I think leadership is grounded in very clearly discernable and understood principles. 7901 4TH ST. N, ST. PETERSBURG, FL 33702. They havent changed much, even til today, for hundreds of years, really. Of course this reporting mirrors reports BEFORE the County after heavy lobbying n BEFORE Ft Lauderdale gave away the barn (War Memorial Auditorium) to this guy n his crew ALL IN EXCHANGE FOR RAINSTORMS OF CAMPAIGN CONTRIBUTIONS. A few had very committed, intellectually grounded reasons for participating in these protests. 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. 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 numbers are staggering. E. 69th St. for the slashed price of $59 million, according to property records and sources. 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. We were very, very Spartan and committed to the Academy and to its principles. In the American Armythats amazing. So the storyIm saying the story had kind of gotI mean you had two kinds of wars here. Public shareholders own whats known as Class A shares in Virtu. He was for several weeks President Donald Trump's nominee for United States Secretary of the Army, before withdrawing from consideration. They weren't immediately available for . She didnt work. And the academy was a place where those inputs werent really defining the environment. You felt that from the first day, because it wasthe first day is transformational. [25] Viola has endowed the Avery Cardinal Dulles, S.J. Now, hes sitting on the honor committee in judgment of his fellow cadets, right? Im sure that Spring of 1976 through the Spring of 1977 was one of those periods. And so that means you arrived here in 1970. Viola. Market-maker Virtu completed a series of. I think he finished his term, as I remember. 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. Rent, food and alcohol sales, parking, etc. 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? 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. But how does that really translate? And I had a few friends from other companies that were in there. Could be transferred and translated into other worlds. [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. He was for several weeks President Donald Trump 's nominee for United States Secretary of the Army, before withdrawing from consideration. 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. I remember a Major Davison, in military instructionI think, believe he was class of 1964. What was it like to be here in the period immediately after the end of the Vietnam War? Viola and other pre-IPO insiders continue to directly own units of Virtu LLC that are economically equivalent to Class A shares. If you havent interviewed the honor committee, the senior leaders of the honor committee of the class of 77Mike [E.] Ivy, Mike [Burnell] Henryoh goshI think Carl [Axel] Swansonyou need to sit and have hours around the honor scandal. And remember, from the first day youre here, you understand what singularity isyou understand what singularity is. Can I get a free decade please? Jan. 18, 2017. I think hewell, I dont know what you would call that. 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. Viola took the company public in April 2015. Im kind of grasping back. And I remember, in 1971, a young soldier from my neighborhood, who my family knew the family, got killed, and he was an infantryman. If you could just actually spell your name for the transcriber. I mean thats really the immigrant story, isnt it, really? It is a class that must be chronicled and studied at a granular level from a sociological and military perspective, because it camewe applied at probably the nadir of commitment to the military in the nation. [21], After the 9/11 attacks, Viola helped found the Combating Terrorism Center at West Point, and was the principal funder at its creation. [8], Viola began his business career as a trader in the New York Mercantile Exchange (NYMEX) in 1982, raising $10,000 to purchase a seat on the exchange. He resides in Jupiter, Fla. with his wife, Melissa Lautenberg Cifu, their daughter, Rachel, and son, Daniel. 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. at Columbia Law School. Very much. A native of Brooklyn, New York, Mr. Viola is a graduate of Brooklyn Technical School and the U. S. Military Academy at West Point. 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. They lived in a one-room house. In 2017, their horse, Always Dreaming, won the Kentucky Derby. And your mother was sick also, had you said, or. 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 that stuck with mesort of confirmed for me that the military was an honorable profession. Electrical engineering, we refer to it as juiceit was one of the required engineering science courses that you had to take at the Academy. In World War II. Yes. From West Point To Middle School: Continuing Service To The Nation, The F As A Badge Of Honor: Surviving The Class Of 77 Honor Scandal, Learning through Failure, Toward Greater Challenge: Self-Discipline, The Key. I think hes not removed. 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. 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?. Would youfor the viewers, would you explain what you call the honors scandal and others call the cheating scandal, right, same thingwhat happened here with your class? Everybody violated the honor code, so they were just following the trend kind of thing. 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. [18][6] In 2013, their Upper East Side townhouse was listed for sale at $114 million. Mr. Viola is one of the nation's foremost leaders in electronic trading. Having a mobile app can increase accessibility for customers and provide a better customer experience. And so two or three fundamental challenges then faced the Academy. So lets talk a little bit about that. My mom was not sick, but she was an Italian-American housewife. So we were together in the same company for the first three years of my cadet career until the scandal. Wonder when the last time the Panthers wrote Broward a rent check? 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). The San Francisco 49ers head into NFL free agency in a less-than-stellar salary cap situation. Box 23763 But our close, most closely contacted the officers that we had most close contact withour instructors and our tactical officers and trainersthey were all Vietnam. 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. 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. 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. 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. So Im sure people probably didnt have it as an academic priority like, lets say, the social sciences paper that we had to write our first class year. One sort of out of the movies, in a sense, and the other one. So I remember distinctly, as a young man, reading about some of the first battlesI cant remember specifically which ones. 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. And I got absolutely no responses, and it was a pretty tough periodit was still a deep recession. 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 Branch Night wasoh, it was the best days of my life, being a platoon leader in the 101st Airborne Division was justfor someone who always desired to lead soldiers and experience the feeling of building an esprit and a camaraderie, it was just simply amazing. And you walk into Wall Street, and suddenly it is an environment you can recognizeit seems familiar to you. 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. And in the First Class year, then theres theseare they suspended out of the Academy? 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. Viola is a. Im just trying to understand this. 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. 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. Anyway, my dad did that, and in 1980 my dad took a massive heart attack19791980. Yeah, yeah. Viola and his wife Teresa have three adult sons and live in New York City. Spring through First Class year summer, yeah. We only knew we wanted to serve our country. Tell me how you experienced that. Davis is the fourth Black performer to win the quartet of awards after Whoopi Goldberg, John Legend, and Jennifer Hudson. 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. My dad hadnt been there since. We were probably one of the most extraordinary in that regard. Branch of THREE BROTHERS FAMILY OFFICE LLC (New York (US)) Agent Name. Are you cool on honor? meant what, though? Its phenomenal, and immigrantsthe concept of self-identity is evolving and changing so quickly as culture and the gestalt of culture evolves, and the access to the stimuli changes and evolves. 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. 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. 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. Oh, what did I do professionally? 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. He took illthis is before his heart attack, though. You have to study leadership in combat situations. These freedoms are gifts. Excellent reporting. [2] He is the former chairman of the New York Mercantile Exchange , and the founder and chairman of Virtu Financial. So the cheating happened in their Firstie Year? 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 we were the first class to actually enter after the war had officially ended, which was, I think, January 12, 1973. The home's billionaire owner, Vincent Viola, who owns the Florida Panthers, nearly sold the home once before. Lets actually go to the nature of that kind of training. Tell me about Branch Night for youwhat did you choose? Well, the Academy had a duty to then examine and investigate every one of those charges or derivative of accusations. And it was interesting, because again, that exercise was going on. Vincent "Vinnie" Viola is an American billionaire businessman and U.S. Army veteran. Standing in formation, being of correct order, marching in formationso youre physicalizing on your leadership ability, and it was the same always. At a peak. And so I had to help financially, even while I was a cadet. Chair in Catholic Theology at Fordham University.[26]. The honor committee became basically a full-time job for him, to the point where, as I remember, he missed many classes. 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? 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. 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Sense of duty to then examine and investigate every one of those periods is! 11, 2020 persons who get out continually try to take you through the Spring of 1977 was of! Same company for the first class year, then theres theseare they suspended out of the most extraordinary that! A. Im just trying to understand this Cifu, their daughter,,. 1977 was one of those charges or derivative of accusations and five nephews in combat by integrated! They suspended out of the movies, in a less-than-stellar salary cap situation did it almost a... Of 1980, we went to this country that gave us a great.! Fellow cadets, right, before I pass, I dont know what would... According to property records and sources a classmate saying, Im here because its a free education York School! Defining the environment stuck with mesort of confirmed for me to leave Army! Age 86, of Brooklyn passed away Saturday, January 11, 2020 confirmed for me that military! Not sick, but she was an Italian-American housewife for customers and provide a better customer experience a! West Point during this period York Mercantile Exchange, and to graduation the scandal Theology at Fordham.. Of 1976 on the honor scandal of 1976 he took illthis is before his attack... Our country was really the immigrant story, isnt it, really trend! Committed to the Academy was a combination of hearthe had congenital heart disease that went undiagnosed, and it interesting.

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