I think it was the spring of our Cow Year, our third year here, and I remember during breakfast formationthese might be false memories. Vincent Viola, a member of the USMA Class of 1977, recounts entering West Point at the end of the Vietnam War and details the cheating scandal of 1977. Theyre so committed, generally speaking, to them, so even when I was getting ready to leave and had put in to resign, I had more than one senior officer come to me and say, If you stabilize your family or your dad and mom are actually able to move with you, Ill help you get an assignment and pick up on your career again. It was just amazingyou always feel as though youre part of the Army. My mom was not sick, but she was an Italian-American housewife. And your mother was sick also, had you said, or. So were you investigatedwas every cadet investigated for their commitment? Thats a great point. 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. In fact, my first company commander is a very, very successful soldier, the class of 1975, Lieutenant General Benjamin Freakley. Jan. 18, 2017. 33307. My mom had two of her brothers and five nephews in combat. 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. Did you feelyou mustve felt disappointed and. He retired later on as a lieutenant general from the Army. Douglas A. Cifu - Vice Chairman, Partner & Alternate Governor. So what are theythis would be my take on those incontrovertible principles. 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. Vietnamization, actually, wouldve done some of that. One sort of out of the movies, in a sense, and the other one. They lived in a one-room house. Remember in the East Coast, the only place that was close was Fort Dix, and that wasnt a operational unit, it wasnt an operational base. 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. Well, the Academy had a duty to then examine and investigate every one of those charges or derivative of accusations. Reflects change since 5 pm ET of prior trading day. I basically was torn. 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. All Rights Reserved | Florida Bulldog. 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. I had an enormously fascinating experience around the honor scandal. 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. Thats good, because the principles at demand for combat leadership, they really dont change. And with the idea that he was going to clean up the Academy from the scandal. 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. And the decision was madeand the right decision was madeto examine every paper and to see if, in fact, any papers that looked somewhat similar, to simply ask, call the cadets in and say, Did you collaborate? So you knew everyones name when you began the first week after Beast Barracks that you would spend with your new company, called reorganization week. Your father wasin that period your father was suffering from what? 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. I think you teach leadership by living leadership. Viola has stacked Virtus Board with family, friends and longtime business associates.. In some ways it does, absolutely, I would say. 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 when you arrived here, as you said, the country was undergoing a lot of social turmoil. Find Vincent Viola's phone number, address, and email on Spokeo, the leading online directory for contact information. Panthers owner and Army secretary nominee Vincent Viola allegedly punched a concessions worker at a racehorse auction in Saratoga Springs, New York, on Aug. 8, according to a police report. When the distaste for the Army was at a peak. [9] Upon graduating from Brooklyn Technical High School, Viola attended the United States Military Academy. Oh, what did I do professionally? 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. Its an internally generated strength. I think our class did feel shame and does feel shame, because I think our class, in some ways, bore an enormous unspoken responsibility. 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. SanzaS-A-N-Z-A. 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. Vincent Viola is our Founder and has served as our Executive Chairman since November 2013. A British financier has snapped up billionaire Vincent Viola's Upper East Side townhouse at 12. What occurred next was extremely, extremethis is my perspective, of coursebut extremely instructional. I appliedI paid someone to write a resume. The mansion has bounced on and off the market since 2013. 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? You have an affirmative duty, if you see. And look at me, actually, instead of at the camera. 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. [2] He is the former chairman of the New York Mercantile Exchange , and the founder and chairman of Virtu Financial. Vincent "Vinnie" Viola (born 1956) is an American billionaire businessman and U.S. Army veteran. He was a truck driver. 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. Yes. 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. Vincent Viola and 2 Pierrepont Street (Getty, Google Maps) Tenants at 2 Pierrepont Street, a Brooklyn Heights rental building, filed a lawsuit against . So what class are you, did you graduate with here at West Point? People, soldiers dont judge other soldiers. Tell me how you experienced that. Did your class feel shamed by this, you think? I remained a reserve officer for the next 13 years, and I always stoodI try to remain current as far as my officership, and in contact with classmates and other soldiers. Its a very enjoyable year. Having a mobile app can increase accessibility for customers and provide a better customer experience. You have to study leadership in combat situations. He previously served as Chief Executive Officer and Chairman of Virtu Financial and its predecessors since April 2008. Additionally, the suit says, Viola owns nonpublic, super-voting stock that lets him retain control over Virtu and Virtu LLC. Well, I stood in the Reserves. Mr. Mr. Viola and his wife, Teresa, have three sons - John, Michael, and Travis - and several grandchildren. 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. Yeah, I thinknow, I have to qualify this, because I left the Army after five years. My management leadership operation, dare I say, capacity, capability, is bounded in the skills around platoon leadership. I think hes not removed. But their claim thatwas that everybody cheated. 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. He actually commanded the forces during an operation up in the central highlands near the Cambodian and Laos borderit was 197071called Operation Ripcord. 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. So the storyIm saying the story had kind of gotI mean you had two kinds of wars here. Virtus Board of Directors is aware of the issue, but instead of fixing it, the Board has actively facilitated Violas expropriation. They would wear khaki uniforms, and they were called the speed battalion or the speed company. 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. But how does that really translate? Under his leadership, the Panthers have continued to further these efforts both on and off the ice, including the revitalization of Fort Lauderdale's historic War Memorial Auditorium and construction of a two-sheet team practice and community ice facility-the Baptist Health IcePlex-which will host an array of community hockey and skating programs and increase access to the sport of hockey to thousands of tri-county residents. And I got absolutely no responses, and it was a pretty tough periodit was still a deep recession. (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. So what was it like? If no results appear, use Enter to do a full site search. And I remember the impact it had on his family, especially his dad, who served so honorably in World War II. 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. 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. 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. So my class would be a fascinating study. And in the First Class year, then theres theseare they suspended out of the Academy? 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. You felt that from the first day, because it wasthe first day is transformational. Yet, basic information about Violas apparent siphoning of hundreds of millions of dollars remains unknown. Net Worth: $2.8 Billion. Exactly, you know. Your RSA Security Is On Its Last Legs. 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. Join the West Point Center for Oral History's Pipeline Alert. The conduct of these honor committee hearings was going on. COPYRIGHT 2014 WEST POINT CENTER FOR ORAL HISTORY. Because now it had elevated past the control of the Corps, and it became a challenge to the administration of the Academy. [2] Fort Lauderdale, Fl. Sure, sure. [15] Viola took Virtu Financial public in April 2015, trading as a NASDAQ listed company (VIRT). The numbers are staggering. I dont have specific memory or recall. I think hewell, I dont know what you would call that. And he just was extremely involved effectively at forming us as officers. This is what I wanted to ask you, and well close with this question cause we have to stop. Viola later withdrew, however, citing business conflicts. E. 69th St. for the slashed price of $59 million, according to property records and sources. The Williamsburg section of Brooklyn seeing that they came back a bit detached and unsure around the heraldry of their service. They are co-owners of Kentucky Derby winner Always Dreaming. He also suffered from alcoholism from when he came home from World War II until my Yearling Year. Some of these very general storiesnot too specificand I thought West Point would be the best place to attempt to become commissioned. [2] He is the former chairman of the New York Mercantile Exchange (NYMEX), and the founder and chairman of Virtu Financial. We were probably one of the most extraordinary in that regard. He drew people in. 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. We only knew we wanted to serve our country. 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. He was a phenomenal speaker. You cannot help but that feeling. 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. 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. 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. Cool on honor meant to the people who apparently would cheat and collaborate was that you were okay with collaborating or cheating. People of your generation did not usually want to enter the Army at this point. And I was never called for even a drill roll check, nor were any persons in my company. So branch night, I stood up and said, Infantry, with great pride. Market-maker Virtu completed a series of. And you have more privileges than youve ever had. All donations are tax deductible. 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. So it was not the Korean generation, you were being taught by people who were a little bit older than you are, thensenior officers? 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 it was a great point of honor for my grandfatherhe actually left the military as a noncommissioned officer of the Italian Army. In 2017, a buyer was in contract to buy the home from Viola for $80 million, The Real . These outsized distributions to Viola and other pre-IPO owners represent an increase of over 130 percent from the previous two years, while dividends to the Class A shareholders have stayed the same., The complaint goes on to say it appears that Viola and the Board have knowingly used cash that rightfully belongs to the Class A shareholders in ways that benefit Viola and other pre-IPO owners. Copyright 1999-2020 Florida Panthers Hockey Club, Ltd and the National Hockey League. Beloved Husband to the Late Myrna (Baker) Viola. And then as a young person, seeing the first soldiers returning from Vietnam from the neighborhoodit was a working-class, basically uneducated neighborhood. 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. 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. Im just trying to understand this. March 23, 2021 11:15 AM. His father's Army service made a significant impression on Viola as a youth. Vincent Viola was born August 13, 1933 in Brooklyn, NY. Donald Trump appointed Viola to be Secretary of the Army in December 2016 but Use arrows to navigate between autocomplete results. Dan Christensen Its the point where you ask yourself do you understand the importance of your role as a combat leader. He was for several weeks President Donald Trump 's nominee for United States Secretary of the Army, before withdrawing from consideration. So my class and my company of A4 did not have one persons paper questioned, so we were almost in this kind of vacuum. The West Point Center for Oral History is a privately funded organization that relies on the generosity of donors. But [being] an American was critical to his deepest identity. Sign up now to get updates and email alerts when new interviews are released. 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. We came from a civilian world that had undergone enormous social disruption. Viola especially emphasizes the lifelong importance of his training at West Point for the military and civilian world. It simply says a cadet will not lie, cheat, steal, nor tolerate those who do. So Ill give you an example, From the 101st Airborne to the Trading Floor. In paperwork filed with the court, however, Virtu denied any wrongdoing. Mr. Viola is one of the nation's foremost leaders in electronic trading. In the American Armythats amazing. 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. We were enormously devout around the values and principles that we were living here. Even if he didnt know what he was talking about, he sounded like he knew what he was saying. Mr. Viola, 62, bought the property on East 69th Street and Fifth Avenue in 2005 for $20 million, according to PropertyShark records. 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. 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. No fake news here. "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.". I remember as a young man unrealistically wanting to go to Vietnam. And very other senior persons from a bipartisan commission, and after reviewing the conditions which led to the honor code breaking, so to speak, one of the recommendations from the commission was that each of the cadets found guilty would be given a chance to return with the class of 1978. At a peak. Its the same thing herethis is extremelyin the end its a very insulated, but positively reaffirming, environment. It was really the trigger for me to leave the Army, actually. 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. It's the most . That themetheres a saying and a phrase thats used amongst cadets and graduates. All Rights Reserved. Prior to Virtu, Cifu practiced law for 18 years at the international law firm Paul, Weiss, Rifkind, Wharton & Garrison LLP, where he was a partner. Yeah. 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. 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. Viola is a. I guess thats where success on the battlefield really stems fromthis almost deep well of unassumed courage and unassumed dedication to your soldiers. website designed by wwdb integrated marketing, Video: Bob Graham on Unanswered Questions of 9/11, please make your tax-deductible contribution today. 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. In World War II. If you could just actually spell your name for the transcriber. And so I had to help financially, even while I was a cadet. 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. 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. The San Francisco 49ers are going to undergo some dramatic changes to their coaching staff this offseason following the departure of DeMeco Ryans. The home is held in the name of a Delaware corporation using the propertys address. And my roommate at the time was a secretary to the honor committee, and so his life changed overnight. Despite the fact that when we were off-post, or when we would observe the civilian world, it was a very almost non-linear set of conditions. If singularity in the computational world is the point at which speed to process information eclipses the information available which to process, theres a singularity around military ethos. [21], After the 9/11 attacks, Viola helped found the Combating Terrorism Center at West Point, and was the principal funder at its creation. My mom and dad were my dependentsand my younger brother were my dependents from the day I graduated. 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. And of course, my class suffered the honor scandal of 1976. She didnt have any skills, per se, except to be a housewife. 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? [14] Viola was also one of the two partners who launched EWT, LLC and Madison Tyler, LLC, two electric trading firms formerly based in Beverly Hills, CA and was able to use the electronic trading technique to his own personal gain making him one of the richest men in the world. Well, what I remember of it is interesting, because there are very stark, deeply, almost burnt memories and images of it. Lets actually go to the nature of that kind of training. He was a combat commander during Vietnam. 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. at Columbia Law School. Many just did it almost as a social activity. Did you ever find yourselfeither because of the rigor of the training or because the temptations from the outside world or because of, perhaps, disappointment in your own class over this scandalthat you really wanted out? The billionaire owner of the Florida Panthers hockey team, Vincent Viola, is at the center of a Delaware lawsuit that alleges hes 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. 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. My dad was three years old, approximately, when they came to America. But what happened next was the popular media got hold of this story. A few had very committed, intellectually grounded reasons for participating in these protests. They havent changed much, even til today, for hundreds of years, really. 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. Yeah. So there are somethere are a couple of capstones in that journey. Standing in formation, being of correct order, marching in formationso youre physicalizing on your leadership ability, and it was the same always. TRD Staff. Viola and his wife Teresa have three adult sons and live in New York City. 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. Vincent Viola is the former Chairman of the New York Mercantile Exchange (NYMEX) and is one of the nation's foremost leaders in electronic trading.He is currently the Executive Chairman of Virtu Financial. 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. In the book, Lou Guttman, the previous chairman at the New York Mercantile Exchange, said Viola "exuded leadership. Dad was three years old, approximately, when they came back a detached... Was talking about, he sounded like he knew what he was saying Upper. His training at West Point would be my take on those incontrovertible principles and graduates combat,. Has bounced on and off the market since 2013 kind of training paperwork filed with idea... Of accusations now to get updates and email alerts when New interviews are released noncommissioned of. 9 ] Upon graduating vincent viola brother Brooklyn Technical High School, Viola attended United!, NY War II of these very general storiesnot too specificand I thought Point. 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