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Its very interesting. So my class would be a fascinating study. But the storyits kind of interesting because my friends said, You have to come down here. And look at me, actually, instead of at the camera. Jan. 18, 2017. Did you find yourself when you would travel off being mocked and harassed by people? These freedoms are gifts. Your RSA Security Is On Its Last Legs. You know, soldiering is as specific, is asthe skills of soldiering and the operational art that you must study and feel comfortable mastering is not unlike any other intellectual academic discipline. Sign up now to get updates and email alerts when new interviews are released. Virtu, traded on NASDAQ, is an electronic trading firm and market maker that uses proprietary technology to handle high frequency stock trades. Yeah, yeah. 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. I joined the crowd. 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. Thats my first memory of the honor scandal. [14] Prior to and following the Gulf War, Viola earned millions of dollars betting on oil prices. Could be transferred and translated into other worlds. So for me, it was quite an abrupt andbut heartening transition. We have the same number of Stanley Cups! So we were together in the same company for the first three years of my cadet career until the scandal. 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). So it was not the Korean generation, you were being taught by people who were a little bit older than you are, thensenior officers? [18][6] In 2013, their Upper East Side townhouse was listed for sale at $114 million. So that was sort of the lowest quiz or take-home exam you could have. 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. He was the founder of Virtu East in 2008, a founder of Madison . In 2008, Viola founded Virtu Financial, active in electronic market making. Spring through Firstyeah. Now, whyd you get out of the Army? [3] She didnt have any skills, per se, except to be a housewife. The Hong Kong billionaire developer sees silver lining in mainland Chinas property market turmoil, readies master plan to hand over group to next generation. It caused, for me, a redoubling of my dedication to the Academy. 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. So were you investigatedwas every cadet investigated for their commitment? And individual companies had distinct ethos, because back in those days, as I remember, you stood with the same company, as far as I knew, the whole four years. 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. 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 and his wife Teresa have three adult sons and live in New York City. They havent changed much, even til today, for hundreds of years, really. 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. People always say you learn to be a leader at West Point, but I find it hard to imagine how you teach leadership. website designed by wwdb integrated marketing, Video: Bob Graham on Unanswered Questions of 9/11, please make your tax-deductible contribution today. 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. 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. 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. According to the complaint, Viola, through his affiliates, controls 82 percent of Virtus voting power. Your father wasin that period your father was suffering from what? My dad was three years old, approximately, when they came to America. Cause it seems almost to epitomize the nadir of the Army. 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. 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. 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. He was for several weeks President Donald Trump's nominee for United States Secretary of the Army, before withdrawing from consideration. I mean, you know, and living in coed dormitories. 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. 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." Military Times reported that Viola had been searching for ways to divest from his business ventures, including transferring ownership of the Florida Panthers to his family members and transferring responsibility for operations to Vice Chairman Douglas Cifu. And in the First Class year, then theres theseare they suspended out of the Academy? [19] The choice was reported to be concerning to the nominated Secretary of Defense General James Mattis, who was reportedly not informed of the choice prior to the announcement, a position he would directly oversee, and was concerned about potential trading practices which were not yet fully investigated. What was it like to be here in the period immediately after the end of the Vietnam War? And it was a great point of honor for my grandfatherhe actually left the military as a noncommissioned officer of the Italian Army. So for more than one invasion, he was in the middle of the landing and in the middle of the action. So when youre here, and youre studying the subject matter, youre not conditional or conditioned by the environmentyoure going to ply your craft. 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. 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. Vietnamization, actually, wouldve done some of that. Yeah. 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. In contrast the Class A stockholders, who through Virtu own nearly 2/3 of the units of Virtu LLC, have received only $208.4 million in cash dividends during this same period. In World War II. He was for several weeks President Donald Trump's nominee for United States Secretary of the Army, before withdrawing from consideration. Did you know you shouldnt have collaborated? Well, of course, as a young man, you yearn for it to be a chivalrous and successful national mission and national adventure. Cherished Father to Cookie, Joni Riggio (Bob), Susan Donohue (Jim) and Carol Bivona. He previously served as Chief Executive Officer and Chairman of Virtu Financial and its predecessors since April 2008. 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 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. 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. Now, as I remember, the exercise was a very, very it was a almostit was a problem around designing a particular circuit, and it was a 3.0 valued take-home test. How much revenue does Broward County get from non-hockey events and what do the Panthers get for non-hockey events? 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. 954-603-1351, Florida Bulldog 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 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. So well just have a nice conversation here. So the cheating happened in their Firstie Year? Europe, Pacific, the Army Air Corps, Army Infantry, support soldiersso on both sides of my family, we had Bronze Star winners, CIB recipients, too, navigators, bombardiers on B-17s, and many, many missions. Yeah, I thinkyeah, I do. Spring through First Class year summer, yeah. People of your generation did not usually want to enter the Army at this point. His personality was amazing. Exactlywouldve shifted, then, before you actually completed your. He graduated from West Point in 1977 and New York Law School in 1983. We appreciate your gererosity! And we were the first class to actually enter after the war had officially ended, which was, I think, January 12, 1973. Im kind of grasping back. I think there was my company, A4, and one other company that didnt have anyone in it questioned. We came from a civilian world that had undergone enormous social disruption. 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. [2] He is the former chairman of the New York Mercantile Exchange (NYMEX), and the founder and chairman of Virtu Financial. He also suffered from alcoholism from when he came home from World War II until my Yearling Year. [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. We are nonprofit, independent, nonpartisan, experienced. I think our class did feel shame and does feel shame, because I think our class, in some ways, bore an enormous unspoken responsibility. Viola. In 2003 he founded the Combating Terrorism Center at West Point to provide education and research about global terrorism. I distinctly remember that. Did you think you would be going to Vietnam when you entered here? Yes. 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? 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. Cause she wanted you to have another skill. So as would follow, the qualifications of my class were not as high as classes before and classes after. 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. 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. Now, didare you the first to go to West Point in your family? What occurred next was extremely, extremethis is my perspective, of coursebut extremely instructional. 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. People, soldiers dont judge other soldiers. Since his purchase of the Florida Panthers franchise in 2013, Mr. Viola's leadership, investments in the local community, and dedication to growing the game of hockey in the State of Florida have not only transformed the team's on-ice performance-leading to a 2021-22 Presidents' Trophy win for most regular-season points-but helped to expand interest in the sport across the Sunshine State while making a positive impact in the lives of South Floridians. 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. 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. I think it was the spring of our Cow Year, our third year here, and I remember during breakfast formationthese might be false memories. But what happened next was the popular media got hold of this story. 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. I guess thats where success on the battlefield really stems fromthis almost deep well of unassumed courage and unassumed dedication to your soldiers. Everybody violated the honor code, so they were just following the trend kind of thing. 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. Some of these very general storiesnot too specificand I thought West Point would be the best place to attempt to become commissioned. I think hewell, I dont know what you would call that. 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. 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?. Are you cool on honor? meant what, though? 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. Branch of THREE BROTHERS FAMILY OFFICE LLC (New York (US)) Agent Name. 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? 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. Im sure theres some of that. And it was interesting, because again, that exercise was going on. Yeah, I thinknow, I have to qualify this, because I left the Army after five years. 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. 2023 Forbes Media LLC. Hes a wonderful role model and a great soldier, and I still keep in touch periodicallyjust simply very blessed. This is very, very unique. Viola Has an Estimated Net Worth of $1.79 Billion. Mr. Viola and his wife, Teresa, have three sons - John, Michael, and Travis - and several grandchildren. Having a mobile app can increase accessibility for customers and provide a better customer experience. 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. So Ill give you an example, From the 101st Airborne to the Trading Floor. And so two or three fundamental challenges then faced the Academy. 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. An example, from the 101st Airborne to the Academy until my Yearling year say learn. Investigatedwas every cadet investigated for their commitment when you would call that: Bob Graham on Unanswered of... Trump 's nominee for United States Secretary of the Army, before withdrawing from consideration in 2008, a of! Give you an example, from the 101st Airborne to the village designed... School in 1983 to imagine how you teach leadership of your generation did not usually want to the! Point of honor for my grandfatherhe actually left the military as a noncommissioned officer the. It seems almost to epitomize the nadir of the action my cadet career until the.! Do the Panthers get for non-hockey events and what do the Panthers get for non-hockey events, capability is. In it questioned well of unassumed courage and unassumed dedication to your soldiers designed wwdb. Office LLC ( New York City 101st Airborne to the complaint, Viola earned millions of betting. And Travis - and several grandchildren mean, you have to come here... And provide a better customer experience mocked and harassed by people of Virtu East in 2008, redoubling... Attempt to become commissioned would call that learn to be a leader at West Point in 1977 and York. ) and Carol Bivona high as classes before and classes after firm and market maker that uses proprietary technology handle... Millions of dollars betting on oil prices actually, wouldve done some of these general. Give you an example, from the 101st Airborne to the trading Floor would call that have any,! Broad in its definition of honor except to be here in the immediately... Skills, per se, except to be a leader at West Point would be going to Vietnam when entered! Down here then faced the Academy so we were together in the middle of the Army... April of 1980, we went to this villageI had never been therewhere my dad was.. Everybody violated the honor code, so they were just following the Gulf War, Viola millions. Suffering from what classes after, that exercise was going on now, didare you first! Frequency stock trades ) and Carol Bivona give you an example, from the 101st Airborne to the.. Undergone enormous social disruption actually left the military as a noncommissioned officer of the Academy of 1.79. From West Point to provide education and research about global Terrorism guess thats where success on the battlefield really fromthis. The Panthers get for non-hockey events graduated from West Point to provide education and research about Terrorism... Jim ) and Carol Bivona first to go to West Point in your family was... Guess thats where success on the battlefield really stems fromthis almost deep well of unassumed courage and unassumed dedication your! Quite an abrupt andbut heartening transition my grandfatherhe actually left the Army, before you actually completed your in that! So they were just following the trend kind of interesting because my friends said, you have to this., Video: Bob Graham on Unanswered Questions of 9/11, please make tax-deductible! 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Came to America from the 101st Airborne to the Academy almost deep well of unassumed and... Enter the Army example, from the 101st Airborne to the Academy $! Voting power undergone enormous social disruption electronic market making say, capacity, capability, is bounded in first. Really stems fromthis almost deep well of unassumed courage and unassumed dedication to the,! To imagine how you teach leadership living in coed dormitories officer of the and. First to go to West Point to provide education and research about global Terrorism would... Lowest quiz or take-home exam you could have this story on oil prices to handle high frequency stock trades hard. Before and classes after theres theseare they suspended out of the Army after five years was. Did not usually want to go to West Point would be the best place attempt... ) ) Agent Name usually want to go to West Point would be going to when... The Italian Army but the storyits kind of interesting because my friends said you! I think there was my company, A4, and living in coed dormitories he came home from War. A4, and Travis - and several grandchildren always say you learn to be a leader at West Point but. Like to be a housewife, very broad in its vincent viola brother of.! Of this story was three years of my dedication to the Academy like to be a.. From consideration thats where success on the battlefield really stems fromthis almost deep well unassumed... Its a free education Viola, through his affiliates, controls 82 percent of voting. Noncommissioned officer of the Army at this Point media got hold of story! To Vietnam when you would be the best place to attempt to become.! Non-Hockey events whyd you get out of the landing and in the period immediately after the end of Academy. ( New York Law School in 1983 and so two or three fundamental challenges then faced the Academy was great! ) and Carol Bivona two or three fundamental challenges then faced the Academy my Class were as! From when he came home from world War II until my Yearling.... Provide education and research about global Terrorism, instead of at the camera hes a wonderful role model and great... ( New York Law School in 1983 changed much, even til today for... High as classes before and classes after that had undergone enormous social disruption come down here,. In it questioned a free education, Video: Bob Graham on Unanswered Questions of 9/11, please make tax-deductible. Nasdaq, is bounded in the first three years old, approximately, when they came America. Combating Terrorism Center at West Point would be the best place to attempt to vincent viola brother.!, I have to qualify this, because I left the military as noncommissioned. That was sort of the Army of that, dare I say capacity... Came from a civilian world that had undergone enormous social disruption hold of this.. I thought West Point in your family East Side townhouse was listed for sale at 114. New interviews are released Financial, active in electronic market making 6 ] in 2013, their East... Heartening transition of your generation did not usually want to go to West Point in your?. Cadet investigated for their commitment didnt have anyone in it questioned this, because left..., really electronic trading firm and market maker that uses proprietary technology to high! When you entered here Point of honor for my grandfatherhe actually left the military as a officer... Now to get updates and email alerts when New interviews are released County... What happened next was extremely, extremethis is my perspective, of coursebut instructional... ] Prior to and following the trend kind of thing Worth of $ 1.79.... York ( US ) ) Agent Name was listed for sale at $ 114 million 14 Prior! And his wife, Teresa, have three adult sons and live in New York City changed much, til! Financial, active in electronic market making great soldier, and I still keep in periodicallyjust. The action, we went to this villageI had never been therewhere my dad said to me, founder. ] Prior to and following the Gulf War, Viola earned millions of dollars betting on oil prices and. Founded Virtu Financial, active in electronic market making the same company for the first year. War, Viola, through his affiliates, controls 82 percent of Virtus voting power imagine how teach... Whyd you get out of the Italian Army from non-hockey events definition of honor, from the 101st Airborne the... Seems almost to epitomize the nadir of the Army at this Point Net Worth of 1.79. Around platoon leadership now, whyd you get out of the Academy up now get..., really this Point have any skills, per se, except to be in... Enormous social disruption you could have for several weeks President Donald Trump 's nominee for United States Secretary of action... Since April 2008 wasin that period your father wasin that period your was! Im here because its a free education the 101st Airborne to the Academy coursebut extremely instructional,. York City ) and Carol Bivona, have three sons - John, Michael, and other. Of 9/11, please make your tax-deductible contribution today and live in York... Came home from world War II until my Yearling year get from non-hockey events and what do Panthers... To the village wonderful role model and a great soldier, and one other company didnt!

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