NEW YORK—James Schenck, CEO of Pentagon FCU, joined 59 other West Point graduates Wednesday to ring the NASDAQ closing bell.
The West Point alumni are all currently CEOs at companies across the nation.
Schenck said that the gathering was indicative of the key role that veteran hiring plays in corporate America. “The former Army officers attending the closing bell ceremony are a small representation of the former service members who hold key leadership positions in many businesses,” said Schenck.
The Veterans Day NASDAQ closing bell ceremony serves to spotlight the benefits of hiring veterans while bringing attention to the needs of those who have served the nation, PenFed stated in a release. “PenFed approaches veterans’ initiatives holistically. The credit union seeks out opportunities to hire veterans, and through its charitable arm, the PenFed Foundation, it focuses on assisting veterans, active/reserve personnel and their families. The foundation uses a range of financial programs designed to provide relief from financial hardship and follow up with educational and advisory tools to promote financial readiness,” the $19.2-billion said.
Schenck said that those in the defense community, veterans and their families will remain a strategic focus of the foundation. “Anyone who has worn the uniform has paid their citizenship dues in full,” he said. When those heroes need heroes, it is the mission of the PenFed Foundation to be there to answer the call.”