So my class and my company of A4 did not have one persons paper questioned, so we were almost in this kind of vacuum. 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. He actually commanded the forces during an operation up in the central highlands near the Cambodian and Laos borderit was 197071called Operation Ripcord. A British financier has snapped up billionaire Vincent Viola's Upper East Side townhouse at 12. What happens during said surgery will impact San Francisco's offseason plans. Lets actually go to the nature of that kind of training. Viola splurged on real estate with stock sale proceeds, buying a beachfront Florida condo and spending $108 million on Arizona's tallest skyscraper. 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. He was a truck driver. We came from a civilian world that had undergone enormous social disruption. They had been in companies that basically had been very, very broad in its definition of honor. [3] Youre transitioning from really leading the Corps, ensuring its duties are fulfilled, preparing to become a commissioned officer and enter the real Army, so to speak. 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. So what class are you, did you graduate with here at West Point? [20], Viola withdrew himself from consideration for the position on February 3, 2017, citing his inability to comply with Pentagon regulations regarding personal businesses. Yeah. 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. He was an astute businessman and an extreme opportunist. Your RSA Security Is On Its Last Legs. But [being] an American was critical to his deepest identity. 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. The protection of civil liberties was being focused upon. 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. Mr. 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. Vincent Viola was born August 13, 1933 in Brooklyn, NY. It was very fascinating, and I could actually say, for me, it was quiteI was self-aware of it, because the academymy classI think this can be documented. 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. I basically was torn. Virtu now refuses to produce documents necessary to investigate the apparent wrongdoing.. 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. 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. Of course, it also dovetailed with the larger story going on outside of the Academy. She didnt work. Beloved Husband to the Late Myrna (Baker) Viola. I think youthis place overwhelms you in a positive sense. The home's billionaire owner, Vincent Viola, who owns the Florida Panthers, nearly sold the home once before. Tell me about Branch Night for youwhat did you choose? Vietnamization, actually, wouldve done some of that. We were very, very Spartan and committed to the Academy and to its principles. Well, I stood in the Reserves. 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. My dad was three years old, approximately, when they came to America. Well, the Academy had a duty to then examine and investigate every one of those charges or derivative of accusations. And so that means you arrived here in 1970. The Delaware attorneys for both sides Jeffrey Gorris for the pension fund and Matthew Stachel for Virtu declined to comment. My classmates used to tease methey said I had a very, very thick rubber band that was sewed in my back, and it would only stretch up to West Point and then spring back to my neighborhood in Brooklyn. ALL RIGHTS RESERVED. Be the first to know! 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. Ill veer off to a very interesting story. So this family pulsed with a patriotic sense of duty to this country that gave us a great life. If you could just actually spell your name for the transcriber. I distinctly remember that. I remember the first time I heard an upperclassman kind of bad-mouthing some of the policies of the Academy. Viola especially emphasizes the lifelong importance of his training at West Point for the military and civilian world. 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. 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. Now, hes sitting on the honor committee in judgment of his fellow cadets, right? [2] Everybody violated the honor code, so they were just following the trend kind of thing. In World War II. Many just did it almost as a social activity. Mr. Viola, 62, bought the property on East 69th Street and Fifth Avenue in 2005 for $20 million, according to PropertyShark records. 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? Five years. The home is held in the name of a Delaware corporation using the propertys address. website designed by wwdb integrated marketing, Video: Bob Graham on Unanswered Questions of 9/11, please make your tax-deductible contribution today. Viola has stacked Virtus Board with family, friends and longtime business associates.. And you walk into Wall Street, and suddenly it is an environment you can recognizeit seems familiar to you. So there are somethere are a couple of capstones in that journey. You always want, in your mindyeah, because if you come through here, you cant help but to be singular in your desire to serve. 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 you started your question by asking me how do you teach leadership? The Official Site of the Florida Panthers. Part of that was because we had some former soldiers in the company who were cadets throughout the four classes that were there any time, and part of it was because we had a tactical officerthen was at the rank of major, Major Joseph Kinzer an old-guard Infantry soldier who was a Vietnam combat veteran, a phenomenal infantryman and a fantastic tactical officer. I dont have specific memory or recall. I mean thats really the immigrant story, isnt it, really? My dad hadnt been there since. These freedoms are gifts. 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. A graduate of the U.S. Army Airborne, Air Assault, Infantry, and Ranger Schools, Mr. Viola served as an infantry officer in the 101st Airborne Division, and his dedication to the U.S. military additionally led to his creation of the Florida Panthers' Heroes Among Us program, which has honored hundreds of veterans, and counting, since its inception in 2013. When the distaste for the Army was at a peak. Is that what happens next, or is the, I cant quite remember, but what I believe happened was they were expelled from the Corps, and the federal government, at the Department of Army level, reacted to the forces, the social and political forces that were bringing to bear on the construction, which challenged the idea that, in fact, the Academy had protected the honor code well enough so that it was functioning and being followed. According to Forbes, which ranks Violas current real time net worth as $3.4 billion, Viola used the money to splurge on real estate including the $10-million purchase of a pair of beachfront condos in Fort Lauderdales Auberge Beach Residences & Spa. And I remember as a young man saying, Thats his life. Viola and his wife Teresa have three adult sons and live in New York City. 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. Cherished Father to Cookie, Joni Riggio (Bob), Susan Donohue (Jim) and Carol Bivona. I had absolutely no ideaI never really took serious in my own contemplation the idea that I would ever leave the Army, so I didnt know how to look for a job. So my class would be a fascinating study. 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. Davis is the fourth Black performer to win the quartet of awards after Whoopi Goldberg, John Legend, and Jennifer Hudson. 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. It was really the trigger for me to leave the Army, actually. So when youre here, and youre studying the subject matter, youre not conditional or conditioned by the environmentyoure going to ply your craft. 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? So as would follow, the qualifications of my class were not as high as classes before and classes after. How does that happen here? Are you cool on honor? meant what, though? [27] In January 2021, they sold their townhouse in the Brooklyn Heights Historical District for $25.5 million, setting a borough record. Viola withdrew his nomination two months later citing business conflicts. Use arrows to navigate between autocomplete results. In 1988, he founded The Independent Bank Group, a Texas-based regional bank which is listed on NASDAQ (IBTX). 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Donald Trump appointed Viola to be Secretary of the Army in December 2016 but 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. Im sure theres some of that. 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. All donations are tax deductible. And you have more privileges than youve ever had. 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. 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. Join the West Point Center for Oral History's Pipeline Alert. And they said to me, Vinny, you have to do this. I started law school in the evening, because basically my mother told me to, to be quite frank, and. Market-maker Virtu completed a series of. In the book, Lou Guttman, the previous chairman at the New York Mercantile Exchange, said Viola "exuded leadership. I think hes not removed. Did you feelyou mustve felt disappointed and. My company was very unique, and Im sure there were others like thisI dont have statistics on thisbut we were what you called a sort of gray company. These instructors you had at the time, they wereyou said some of them were Vietnam veterans. Never wanted out. Now, my dilemma was my branch assignment, because my family really wanted me to stay close. When General Goodpaster comes back, is that right? Viola is the owner of the NHL Florida Panthers. Cause it seems almost to epitomize the nadir of the Army. Sign up now to get updates and email alerts when new interviews are released. Viola and other pre-IPO insiders continue to directly own units of Virtu LLC that are economically equivalent to Class A shares. You were always very good at mathematics. I was always pretty good at mathematics. I seeand actually took off a star in order to return here, isnt that right? Vincent Viola and 2 Pierrepont Street (Getty, Google Maps) Tenants at 2 Pierrepont Street, a Brooklyn Heights rental building, filed a lawsuit against . 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. And it was interesting, because again, that exercise was going on. But absolutelyso what Im describing here is instructors would say things like to us, When I was a cadet, we were not allowed to blank, or We had to wear this uniform at this point. Every fine detail of the cadet experience is so valued by its graduates that the compulsion is to keep it the same and have every feature the same, because graduates feel so proud and also confident that they are the product that was desired. Its the same thing herethis is extremelyin the end its a very insulated, but positively reaffirming, environment. Virtus Board of Directors is aware of the issue, but instead of fixing it, the Board has actively facilitated Violas expropriation. I dont have objective evidence. 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). And Im sure it was enormously evolving around the subculture here or impactful on what was going on outside the gates. 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. I think leadership is grounded in very clearly discernable and understood principles. 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 . 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 Ill try to take you through the first day, and to graduation. And so theit mustve been quite an achievement for you. 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. The numbers are staggering. 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 West Point Center for Oral History is a privately funded organization that relies on the generosity of donors. The Corps has. In other words, the Corps has seen its better daysits not like it used to be. 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. [15] Viola took Virtu Financial public in April 2015, trading as a NASDAQ listed company (VIRT). 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