Tony Petrello Brings Tommy Tune To His Estate For A Homecoming Party

The star of Broadway shows like “The Will Rogers Follies,” “My One and Only,” and “A Day in Hollywood/A Night in the Ukraine,” Houston born Tommy Tune came back home to celebrate a successful career there. He performed in Houston’s Miller Outdoor Theatre, but afterwards he was brought to the home of Tony Petrello, the leader of an oil company who was present at the performance. Petrello showed Tune around his estate and had conversations about both business and leisure. Petrello has been supporting artistic productions like theater and concerts over the years, but he’s also gone beyond that.

Most people know Petrello as one of America’s wealthiest oil executives since he’s been in charge of Nabors Industries’ main leadership core for 7 years but has been with them for more than 20 years. Part of his responsibility has been overseeing the deployment and installation of high-powered rigs and pipelines at various drilling sites. He also has been pushing for more robotic and automated drilling with new series. Nabors Industries averages over $2 billion a year in production revenue and is also now merged with Tesco Corporation, a merger that Petrello helped complete. His highest recorded compensation in one year was $68.7 million, much of which was in bonuses, stocks and equity, but it earned him the title of top-paid boss that year.

Tony Petrello is a graduate of Yale University, and his time there was talked about by an old roommate of his who recalled how he studied under the notable professor Serge Lange. He received high honors in mathematics, the field he excelled in at the time. But Petrello decided his numbers skills could be put best to use in finance law, so he went to law school and then became an attorney for a major New York City firm known as Baker & McKenzie. He practiced there for 13 years before the biggest opportunity presented itself in 1991 to become an oil company executive.

Along with supporting fine arts and education in Houston, Anthony Petrello is also involved in healthcare philanthropy. He’s the father of a young girl named Carena who has cerebral palsy and needs a wheelchair to get around. Petrello had some of the toughest moments realizing that Carena would never have a normal life, but he desired to help other children not have to go through what she did. So he got to know the doctors and research teams at the Texas Children’s Hospital neurological institute, and he gave their foundation $7 million to aid the discovery of cures for brain disorders.

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Who is S&P 500-Listed Nabors Industries’ CEO? Tony Petrello

Every successful corporation has at least one, if not many key executives that drive performance of employees and business units. As many corporations span several levels tall, executives must be competent, skilled, and willing to work lengthy hours. Nabors Industries, a natural gas and geothermal drilling company operating around the world, is no exception to this rule.

Tony Petrello doubles as the president and CEO of Nabors Industries Limited. In its most recent financial statements, the geothermal drilling giant brought home more than $6 billion in revenue, boasting an impressive $142 million net income. The company was able to secure these enviable sums through offering diverse services, including offshore drilling, technology for drilling equipment and offshore rigs, and drilling on-land in the world’s four-most populous continents.

Mr. Petrello earned three degrees, propelling him to his current status: bachelor’s of mathematics from Yale, master’s of mathematics from Yale, and a juris doctorate from Harvard. These Ivy League schools are among the world’s most competitive universities, with Harvard viewed as the gold standard of postsecondary education.

Frequently referred to as Tony, Petrello started his lengthy, successful career at Baker & McKenzie, a New York-based law firm. He served the litigious partnership for 12 years, starting in 1979. For the last five years of his tenure, Mr. Petrello was employed as managing partner of Baker & McKenzie. Law firms are almost always partnerships — including Baker & McKenzie — with two or more experienced attorneys serving as partners with many staff attorneys underneath. Petrello lead the popular New York law firm with resiliency during those last five years.

Upon leaving Baker & McKenzie in 1991, Tony Petrello earned a spot on Nabors’ board of directors, leading the committee as executive committee of the board. He also was positioned as COO, serving in that role for twenty years. Mr. Petrello earned simultaneously-held titles of president and CEO in late 2011, holding those prestigious positions through today.

Mr. Petrello serves on several other boards, including those of Texas Children’s Hospital, Media On Demand, and Stewart & Stevenson, LLC. He earned a salary of $1.5 million in 2016, with total compensation exceeding $15 million in that year alone.

The Nabors executive is also thought of highly by friends, family, and peers. His former college roommate, Lloyd Grove, remembers Petrello as a math whiz that came from humble beginnings. Mr. Tony G. Petrello is certainly a successful executive, setting the bar high for those who may fill his proverbial shoes.

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