Oh, what did I do professionally? Public shareholders own whats known as Class A shares in Virtu. Viola and other pre-IPO insiders continue to directly own units of Virtu LLC that are economically equivalent to Class A shares. What was it like to be here in the period immediately after the end of the Vietnam War? The home's billionaire owner, Vincent Viola, who owns the Florida Panthers, nearly sold the home once before. Florida Bulldog delivers fact-based watchdog reporting as a public service thats essential to a free and democratic society. 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. Now, hes sitting on the honor committee in judgment of his fellow cadets, right? 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. So Ill give you an example, From the 101st Airborne to the Trading Floor. She and her husband also own St. Elias Stables, based in New York City. 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. [8] He helped build the NYMEX while he served on the board of directors, as chairman of the Technology Committee, the Natural Gas Advisory Committee and the Facilities Committee, co-chairman of the Options Committee, vice chairman of NYMEX from 1993 to 1996, and chairman from March 2001 to March 2004. Right. The upper classes led the military formation of the cadets as much as the staff here, so its a very unique environment. 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. [10], Viola graduated with a bachelor's degree from the United States Military Academy in 1977 and was commissioned as a second lieutenant in the U.S. Army. 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. In the American Armythats amazing. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. That themetheres a saying and a phrase thats used amongst cadets and graduates. And so that means you arrived here in 1970. We are nonprofit, independent, nonpartisan, experienced. My management leadership operation, dare I say, capacity, capability, is bounded in the skills around platoon leadership. She didnt have any skills, per se, except to be a housewife. In December 2021 they paid $19.725 million for a six-bedroom, six-bathroom single-family beachfront home on the Gulf of Mexico in Boca Grande, records show. What did you go to do after you left? 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. You felt that from the first day, because it wasthe first day is transformational. Thats his passion. And his devotion and his enthusiasm around it and pride in it was completely infectious. Many just did it almost as a social activity. 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. I mean thats really the immigrant story, isnt it, really? 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. I think our class did feel shame and does feel shame, because I think our class, in some ways, bore an enormous unspoken responsibility. 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? "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.". Someone should take a look at the management contract for the arena. Im sure theres some of that. 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). Viola is the owner of the NHL Florida Panthers. In World War II. (Page 2) 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. Anyway, my dad did that, and in 1980 my dad took a massive heart attack19791980. [6][7][8] His father, an immigrant from Italy, worked as a truck driver after serving in the U.S. Army in the European theater of WWII. You cannot help but that feeling. Dan Christensen The Delaware attorneys for both sides Jeffrey Gorris for the pension fund and Matthew Stachel for Virtu declined to comment. But what happened next was the popular media got hold of this story. According to the complaint, Viola, through his affiliates, controls 82 percent of Virtus voting power. He previously served as Chief Executive Officer and Chairman of Virtu Financial and its predecessors since April 2008. He was a devout Airborne soldier named Sidney Berry. I distinctly remember that. All NHL logos and marks and NHL team logos and marks as well as all other proprietary materials depicted herein are the property of the NHL and the respective NHL teams and may not be reproduced without the prior written consent of NHL Enterprises, L.P. Market-maker Virtu completed a series of secondary offerings in May 2019 to help repurchase more than $500 million in stock from Viola. I seeand actually took off a star in order to return here, isnt that right? So as would follow, the qualifications of my class were not as high as classes before and classes after. 118 records for Vincent Viola. 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. 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. I appliedI paid someone to write a resume. Net Worth: $2.8 Billion. Vincent Viola was born August 13, 1933 in Brooklyn, NY. My dad was three years old, approximately, when they came to America. A native of Brooklyn, New York, Mr. Viola is a graduate of Brooklyn Technical School and the U. S. Military Academy at West Point. Thats a great point. Some of these very general storiesnot too specificand I thought West Point would be the best place to attempt to become commissioned. They would wear khaki uniforms, and they were called the speed battalion or the speed company. People always say you learn to be a leader at West Point, but I find it hard to imagine how you teach leadership. The home is held in the name of a Delaware corporation using the propertys address. [22][23][24] Viola founded a technology company, Rowan Technology Solutions, to support cadet education in the areas of military history, military science, and leadership. So for more than one invasion, he was in the middle of the landing and in the middle of the action. Rent, food and alcohol sales, parking, etc. Enter Search Term. And I remember the impact it had on his family, especially his dad, who served so honorably in World War II. But [being] an American was critical to his deepest identity. According to . 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. [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. Its an internally generated strength. 7901 4TH ST. N, ST. PETERSBURG, FL 33702. 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. Vincent Viola And that's 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. He was for several weeks President Donald Trump's nominee for United States Secretary of the Army, before withdrawing from consideration. 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. REGISTERED AGENTS INC. 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. Hes a wonderful role model and a great soldier, and I still keep in touch periodicallyjust simply very blessed. 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. 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. He took illthis is before his heart attack, though. Box 23763 33307. Yes. I basically was torn. Standing in formation, being of correct order, marching in formationso youre physicalizing on your leadership ability, and it was the same always. Did you know you shouldnt have collaborated? 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 youthis place overwhelms you in a positive sense. Can I get a free decade please? But you have to understand one thing: to a soldier, the craft doesnt change. I remember the first time I heard an upperclassman kind of bad-mouthing some of the policies of the Academy. If I remember correctly, when I was a cadet, everyone had to study fluid mechanics, solid mechanics, electrical engineeringthese were the sort of core engineering sciences that everyone had to take, as I rememberlong time ago. And it was interesting, because again, that exercise was going on. 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. But how does that really translate? We appreciate your gererosity! 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. So my class would be a fascinating study. Vietnamization, actually, wouldve done some of that. 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. Chair in Catholic Theology at Fordham University.[26]. Lets actually go to the nature of that kind of training. 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. No fake news here. In 1987, he founded Pioneer Futures, one of the top fifty futures commission merchants in the US. But their claim thatwas that everybody cheated. Now, whyd you get out of the Army? Thats my first memory of the honor scandal. 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? In 2019, the company repurchased more than $500 million in company stock from Viola. But I could see over the period of those of us who stayed and again, during my years, attrition was fairly significantthe people who stayed, sown into their souls almost, were those principles and that commitment to service. 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. You have to study battle. Did you havedid your family have an Army background at all? A life-long horse racing enthusiast and owner of St. Elias Stables, Mr. Viola owns the 2017 Kentucky Derby and Florida Derby-winning horse, Always Dreaming, and the 2019 Breeder's Cup Classic winner, Vino Rosso. Did you think you would be going to Vietnam when you entered here? Right. The protection of civil liberties was being focused upon. 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. I was young, but I had this sense like, I want to go there if, when Im 18, I can. But that was probably a bit sort of romantic in my assessment or a bit nostalgic in assessment. He graduated from West Point in 1977 and New York Law School in 1983. So theyand this is my perception. Which was that the nation was in decline, the Army is in decline, old traditional trusted places were not to be trusted anymore. 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. [18][6] In 2013, their Upper East Side townhouse was listed for sale at $114 million. It was a combination of hearthe had congenital heart disease that went undiagnosed, and just was rendered incapable. Viola later withdrew, however, citing business conflicts. It was a training, basic training location. Virtu has aggressively fought Plaintiffs books and records demand.. 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 I was never called for even a drill roll check, nor were any persons in my company. All Rights Reserved | Florida Bulldog. He was an astute businessman and an extreme opportunist. When the distaste for the Army was at a peak. And so theit mustve been quite an achievement for you. 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. Well, I stood in the Reserves. Absolutelyyeah, it did. You always want, in your mindyeah, because if you come through here, you cant help but to be singular in your desire to serve. A very tall fellow, ramrod straight, and he wore the Silver Star, and I can remember he taught us small unit tactics in military instruction either my Plebe or my Yearling Year. 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. A British financier has snapped up billionaire Vincent Viola's Upper East Side townhouse at 12. Born in Providence, a son of the late Albert and Michelina (DeGregorio) Viola. 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. I heard the County Commission gave former owner Wayne Huizenga the keys to the farm and those keys got turned over to the subsequent owners when they bought the team. Vincent Viola is our Founder and has served as our Executive Chairman since November 2013. 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. COPYRIGHT 2014 WEST POINT CENTER FOR ORAL HISTORY. What was theit was not. 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