Tony Petrello Is A Friend To The Houston Community
Tony Petrello is famous in Houston’s for directing Nabors Industries, one of America’s top oil drilling companies and a publicly-traded company. But this last fall Petrello and Nabors Industries decided to do more than just the usual drilling activity when Hurricane Harvey hit the gulf coast. When the cleanup and rescue teams came to Houston, Petrello not only allowed company employees to take time off to help the rescuers or to attend to their homes if affected, but he even compensated them for it. Many Nabors employees even went so far as to donate personal items and make hot meals for hurricane victims, and Petrello himself started a fundraiser for the event for which he gave over $173,000 matching the donations received on the company’s fundraising website.
Tony Petrello has been with Nabors Industries for more than 20 years, and as Chairman and CEO of the company he is responsible for strategic initiatives and entering contract agreements both with public and private sector entities. Under his time as a company executive, Nabors has built up one of the world’s largest oil drilling apparatus with a tremendous land-based rig fleet and offshore modular equipment. Petrello also made news when the contract restructuring he was given in 2013 offered him a huge bonus that made him the nation’s highest-paid CEO that year at over $68 million in total compensation. Tony Petrello Welcomes Tommy Tune Home To Houston
Before joining Nabors Industries, Tony Petrello had 13 years in law practice. His path leading up to this seemed to be heading towards a career in mathematics because he had earned a scholarship to Yale University for his brilliance in math studies, and he completed both his bachelor’s and master’s degrees in the field. But he turned his love of numbers into financial law, and after entering and completing the Harvard law school program, he joined the Baker & McKenzie firm in 1979 becoming partner theree in 1986. Nabors Industries had developed a close relationship with Petrello because of his knowledge of tax loopholes, and in 1991 they offered him the position of Chief Operating Officer. He became CEO in 2011. Mathematics, Law, Business, and Charity: The Unique American Dream of Tony Petrello
Tony Petrello is also an important member of the Texas Children’s Hospital Board of Trustees due to supporting the Dan and Jan Duncan Neurological Research Institute there. Petrello supports this research center because his daughter Carena is a victim of periventricular leukomalacia and he’s wanted one day to find a cure for this particular disorder. Dan and Jan Duncan have become close friends with Petrello and his wife Cynthia, and they were very grateful several years ago when he gave $7 million to fund a new research lab. The Prince and The Pauper; My College Roommate became an Oligarch