Published: Sun, February 05, 2017
Sci-tech | By Jose Becker

Elias Co-Owner Viola Withdraws Name From Secretary Of The Army Nomination

Elias Co-Owner Viola Withdraws Name From Secretary Of The Army Nomination

US President Donald Trump's choice for Army secretary has withdrawn his name from consideration after running into obstacles untangling himself from his business interests, US media reported Saturday.

"I appreciate the confidence President Trump showed in me", he said.

Though Viola is upset he won't serve in what the New York Times said is his "lifelong dream job", he definitely has plenty of $100 bills to use as tissues.

Viola was one of Trump's earlier nominees, accepting Trump's offer to run his former service more than a month before the presidential inauguration.

The report states Viola found it too hard to severe ties with the businesses he has interest in, and as a result will step away from his appointment.

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Vincent Viola is a billionaire who made his fortune after founding high-frequency trading firm Virtu Financial, the Washington Post reported.

Viola, who also owns the NHL Florida Panthers, was set to give up a majority stake in that airline and purchase a smaller stake in Swift Air. He later went on to a career on Wall Street and served as the chairman of the New York Mercantile Exchange between 2001 and 2004.

He is the first nominee to drop out before consideration.

Robert Speer is the current acting Army secretary.

He helped found the Combating Terrorism Center at West Point, a privately funded research wing of the school focused on "counterterrorism policy and strategy" and "ways to confront the dynamic threat environment" facing America today. The White House officials did not give a reason for the move.

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