And I remember hearing later that the people were called out of formation, because they were informed that they were under an honor investigation for an exercise, a take-home exercise that we had in electrical engineering. What was it like to be here in the period immediately after the end of the Vietnam War? You transform to depths that youre not aware of. 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. 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. (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. Yes. The conduct of these honor committee hearings was going on. In 2003, he founded and helped fund the Combating Terrorism Center at . We appreciate your gererosity! In paperwork filed with the court, however, Virtu denied any wrongdoing. So lets talk a little bit about that. But I remember there was a formation, and I remember there were a host of names called out to fall out at the end of the formation. What did you go to do after you left? And you are taught here that you have a responsibility unlike any other profession, because when you are engaged in combat and you are firing upon an objective and maneuvering to take it, you are going with forethought to make decisions knowing that theres a great chance the person that you send forward to execute either fire or maneuver is not going to come back. After graduating from the Infantry Officer Basic Course and Ranger School, he served with the 101st Airborne Division at Fort Campbell[11] for several years. And that stuck with mesort of confirmed for me that the military was an honorable profession. 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. Vincent Viola was born August 13, 1933 in Brooklyn, NY. So you started your question by asking me how do you teach leadership? Virtu now refuses to produce documents necessary to investigate the apparent wrongdoing.. Viola is the owner of the NHL Florida Panthers. He was for several weeks President Donald Trump 's nominee for United States Secretary of the Army, before withdrawing from consideration. 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. The senior staff, as I rememberI remember seeing the Korean service ribbon on some of the senior staff and permanent professorsdare I say when I started our Superintendent, William Knowlton, General Knowltonhe served in World War II, in fact. 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. 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. And I think I have about 100, close to 100 classmates, who graduated with the class of 78many of them, many of them went on to have stellar military careers. What was your. Copyright 1999-2020 Florida Panthers Hockey Club, Ltd and the National Hockey League. I had an enormously fascinating experience around the honor scandal. I seeand actually took off a star in order to return here, isnt that right? 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). [27] In January 2021, they sold their townhouse in the Brooklyn Heights Historical District for $25.5 million, setting a borough record. How much revenue does Broward County get from non-hockey events and what do the Panthers get for non-hockey events? If you could just actually spell your name for the transcriber. Mr. Viola, who was recognized in 2021 by Sports Business Journal for his advocacy in diverse and inclusive hiring, is one of four team owners on the NHL's Executive Inclusion Council to combat racism and accelerate diversity. Yeah. Florida Panthers and floridapanthers.com are trademarks of the Florida Panthers Hockey Club, Ltd. NHL, the NHL Shield, the word mark and image of the Stanley Cup and NHL Conference logos are registered trademarks and NHL Draft name and logo are trademarks of the National Hockey League. I think leadership is grounded in very clearly discernable and understood principles. 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. dchristensen@floridabulldog.org We had war heroes. 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. Many just did it almost as a social activity. [5], Viola was born in 1956 to an Italian American family in the Williamsburg neighborhood of Brooklyn, New York, the son of Virginia (Torre) and John A. 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. And. And of course, my class suffered the honor scandal of 1976. Horribly, horriblywell, its a strong feeling. 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. Yeah, I thinkyeah, I do. It borders on failure or guiltyyou feel like I let down my central purpose, you know. It was a combination of hearthe had congenital heart disease that went undiagnosed, and just was rendered incapable. At a peak. We have the same number of Stanley Cups! Anyway, my dad did that, and in 1980 my dad took a massive heart attack19791980. March 23, 2021 11:15 AM. I think our class did feel shame and does feel shame, because I think our class, in some ways, bore an enormous unspoken responsibility. 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 had to be temptingI mean tempting literally, but it had to temptyou had to look at it and think, Wow, Im going to go back, and Im going to go through this rigorous schedule, and theyre going to go off and have fun, and play, and listen to rock and roll, and. We only knew we wanted to serve our country. And your mother was sick also, had you said, or. Im sure that Spring of 1976 through the Spring of 1977 was one of those periods. Box 23763 Vincent Viola is our Founder and has served as our Executive Chairman since November 2013. 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. 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. 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?. In 2008, Viola founded Virtu Financial, active in electronic market making. 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. So as would follow, the qualifications of my class were not as high as classes before and classes after. And so he had to retire with a very small disability pension. 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. 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. I think you teach leadership by living leadership. The Corps has. In other words, the Corps has seen its better daysits not like it used to be. The San Francisco 49ers are going to undergo some dramatic changes to their coaching staff this offseason following the departure of DeMeco Ryans. Related by education: New York Law School. Mr. Viola and his wife, Teresa, have three sons - John, Michael, and Travis - and several grandchildren. These instructors you had at the time, they wereyou said some of them were Vietnam veterans. Vincent Viola, age 86, of Brooklyn passed away Saturday, January 11, 2020. I think youthis place overwhelms you in a positive sense. So we were together in the same company for the first three years of my cadet career until the scandal. 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. Yeah, and he was my first company commander. A few had very committed, intellectually grounded reasons for participating in these protests. 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 took it public in an initial public offering (IPO) in 2015 using a so-called umbrella partnership corporate, or Up-C, structure in which a newly created shell company, Virtu Financial Inc., became the parent whose principal asset is shares of the underlying operating company, Virtu LLC. 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. Mr. Viola is one of the nation's foremost leaders in electronic trading. Dan Christensen So my class would be a fascinating study. Ill veer off to a very interesting story. 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. Reflects change since 5 pm ET of prior trading day. "From the first day at West Point, my focus and purpose was about selfless leadership, putting others before yourself and being ready to sacrifice for others so that the mission and the goal would be accomplished.". 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. 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. Rent, food and alcohol sales, parking, etc. at Columbia Law School. 954-603-1351, Florida Bulldog Judicial intervention is required to end Virtus obstruction of Plaintiffs statutory right to books and records, the complaint says. 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. Ms. Viola also recently sold a home in Brooklyn Heights for $25.5 million, setting a price record for a townhouse sale in the borough, records show. 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. [2] He is the former chairman of the New York Mercantile Exchange , and the founder and chairman of Virtu Financial. 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. Lets come back to the time here at West Point during this period. So branch night, I stood up and said, Infantry, with great pride. 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?. When General Goodpaster comes back, is that right? Mr. Viola, 62, bought the property on East 69th Street and Fifth Avenue in 2005 for $20 million, according to PropertyShark records. 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. The place was enormously proud of itself. As I remember, they lived in central barracks, and they were almost like a foreign antibodyit was horrible. These freedoms are gifts. I dont have specific memory or recall. WASHINGTON Vincent Viola, the billionaire Wall Street trader Donald J. Trump has nominated to be the secretary of the Army, was accused in August of punching a concessions . And you walk into Wall Street, and suddenly it is an environment you can recognizeit seems familiar to you. So what are theythis would be my take on those incontrovertible principles. I remember the first time I heard an upperclassman kind of bad-mouthing some of the policies of the Academy. 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. 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. Which was that the nation was in decline, the Army is in decline, old traditional trusted places were not to be trusted anymore. Its an internally generated strength. How does that happen here? Very much. New York City quietly, socially, is a very conservative place, so if Id go out in uniform to a bar anywhere in the city, most of the persons in bars or in points of culture, even at those points, in those years were somewhat older, born of the Korean War or World War II generation. We had a gentleman who was a war hero. According to . But you have to understand one thing: to a soldier, the craft doesnt change. This is what I wanted to ask you, and well close with this question cause we have to stop. Vincent "Vinnie" Viola is an American billionaire businessman and U.S. Army veteran. The mansion has bounced on and off the market since 2013. It was, yeah. P.O. 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. But I know that it got extremely non-linear, the interpretations of the code and peoples reaction to the code. They were called, the term was used, Are you cool on honor? And I found this out later on as the scandal evolvedand. Viola especially emphasizes the lifelong importance of his training at West Point for the military and civilian world. To be craft doesnt change was one of the Academy Spring of was... You started your question by asking me how do you teach leadership General! 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