This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Navy Leader Garcia Salutes Business Support for Vets, Reservists

NEW YORK (TheStreet) -- For those who like to feel protected and to sleep well at night, be assured, the family of the Assistant Secretary of the Navy for Reserve and Manpower Affairs, Juan Garcia III are on the job.

His father was an attack plane pilot, strapping on an A-7 "Corsair" II and then taking off for heavily defended enemy airspace during the Vietnam War, compiling 400 carrier landings over the course of his career. Secretary Garcia served aboard the USS Constellation in the Persian Gulf. His younger brother Mike is a patrol pilot, en route to his next assignment aboard the USS Carl Vinson.

For those who think "Top Gun" and the exploits of Tom Cruise as Lt. Pete "Maverick" Mitchell when reading about Navy pilots, Secretary Garcia's father's bandit handle was "Greaser." Mike goes by "Weekend." (Showing the love, my cousin, a former Stealth pilot, flew the F-117A as "Jake the Snake.")

In a Memorial Day weekend exclusive for TheStreet, Secretary Garcia was interviewed in his office in the E-Ring of the Pentagon about the changes under way in the United States Armed Forces and the role of the reservist in American society.

With a background in corporate law, Secretary Garcia knows very well the support from civilian employers that is needed for a robust military, especially for the reserve programs which take workers away from their jobs for extended periods. "What many people don't realize," Garcia stressed, "is that over the course of the last 14 years, companies like General Electric (GE), Sears (SHLD), Verizon (VZ), CSX  (CSX) and Walmart (WMT) have not only held positions for their mobilized reservists, many have made up the pay differential when they were on active duty, a true form of patriotism well beyond the legal requirement, or 'call of duty'."

At present, one in every five employees for CSX served in the military. Verizon ranks as the third most military friendly employee. General Electric has a high percentage of veterans in its workforce, too. Sears is nearly doubling the number of veterans it hires this year from 3500 in 2012. Through its Veterans Welcome Home Commitment, Walmart will hire any qualified veteran who has been honorably discharged within the past year.

It is not only corporate America that is doing its part; the Ivy League has opened up to the Naval Reserve Officers Training Corps (ROTC) for the first time in 40 years, since Vietnam War protests resulted in their closure.

"Naval ROTC is back in the Ivy League," proclaimed Garcia, who, like his wife, is a classmate of President Obama's from Harvard Law School. Also holding an Master's Degree in public policy from Harvard's Kennedy School of Government, Garcia attributes much of the return of Navy ROTC to Dr. Drew Gilpin Faust, the president of Harvard University. "She has a background in military history as a Civil War scholar and has been wonderful to work with," Garcia remarked. "We place a great value in having Ivy League graduates in the officer corps, as we want every willing and qualified American to share in both the burden and the honor of defending her."

As proof of the acceptance on Ivy League campuses, Secretary Garcia proudly pointed out that a Navy ROTC midshipman was just elected as president of the student body at Yale University.

When asked the most notable accomplishments during his tenure in office which started back in 2009, without hesitation he responded the Bin Laden Raid which featured the legendary Seal Team Six of the United States Navy. Next were the great advances made in combat medical care, with many reservist medical professionals playing a critical role. "It used to be 'The Golden Hour' in military medicine when you wanted to get to the wounded. Now it is 'The Platinum 15 Minutes'," he explained.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,091.58 +12.01 0.07%
S&P 500 2,002.72 +5.98 0.30%
NASDAQ 4,578.5770 +20.8820 0.46%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs