A Houston native who has spent the better part of his adult life on stage, Tommy Tune recently returned to his home city to do a special Broadway-based performance. He also visited the home of well-known Houston businessman Tony Petrello who held a special reception for the Broadway star. Tune played lead roles in Broadway productions like “A Day In Hollywood / A Night In The Ukraine,” “Seesaw” and “The Will Rogers Follies.” Petrello enjoyed refreshments with Tune and other members of the Miller Outdoor Theater’s Board of Directors. He also showed his guest around the property and gave him a look at some of the outdoor scenery. Petrello is certainly a gracious host while entertaining friends, but he has been known to be a shrewd deal maker while out in the oil fields.
Nabors Industries is a publicly-traded oil drilling company based in Houston that generates billions in annual revenue from its land-based rigs and offshore modules. Tony Petrello has served as Chief Executive Officer of the company since 2011, and he’s been the initiator of several merger and acquisition deals including the recent Tesco Corporation stock buyout. He was given a raise when shareholders agreed to offer bonus payments in 2013 to restructure his contract, and the resulting $68.7 million was the highest any CEO earned that year.
Tony Petrello came to Nabors Industries after several years of practicing law, but even before that he was making a name as a math genius student. He had skills in that subject going all the way back to his middle school and high school days. He could solve problems most other students couldn’t and eventually he got into Yale University where he had some of the world’s top math professors lecturing him. After completing his mathematics degree there, he went to law school and became a finance attorney for Baker & McKenzie, a New York law firm. He became managing partner there for several years and then ditched his law career for the big position of Chief Operating Officer of Nabors Industries.
Petrello is not only a CEO of high acumen; he’s also a philanthropist who has given to charities all around Houston. Neurological studies at Texas Children’s Hospital in the Texas Medical district have been one of Petrello’s biggest philanthropic contributions, and he has given $7 million to an advanced studies institute. He also opened a fundraiser for victims of hurricane Harvey in the fall of 2017 for which he also paid Nabors employees for helping out with cleanup.
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