Tony Petrello and Tommy Tune each have unique stories, and their careers basically had them switch locations with Petrello leaving a blue collar neighborhood of Newark, NJ to become CEO of a multi-billion dollar oil drilling company in Houston, while Tune left the Houston scene to takeover the stage on Broadway in New York. Tune has starred in many productions over the years and has won several Tony awards for great performances, and he also became good friends with the Petrellos during that time. He received a warm welcome when he came back to Houston to star in a musical at a local theater, and many esteemed guests came with him to a reception party at the Petrello estate. It was fitting because despite Tune’s life in New York City, he is still close to the Houston community and has given back to just as Petrello has over the years.
Tony Petrello’s position as CEO and Chairman of Nabors Industries has made him a leader of one of the world’s largest stock of oil drilling equipment, and he’s responsible for the company’s strategic development initiative. During the time he’s been at the company, its seen its profits increase tremendously and many patents in drilling technology have been registered. Tony Petrello also had his contract renewed in 2013 and as a part of the new deal, he was paid millions in bonuses and saw his stock and equity options increase making him the highest-paid CEO that year at a whopping $68.7 million.
Tony Petrello’s early life was not spent in wealth, but he had a gift for solving math problems that many of his friends took great notice of. This talent helped him gain acceptance to Yale University where he studied under and became an assistant to Serge Lange, a renowned professor who specialized in algebraic equations. But instead of following in Lange’s footsteps, Petrello went into law after graduating from Yale. He spent 13 years as an associate and partner at Baker & McKenzie, and it was his expertise in tax laws and managing accounts outside the US that prompted Nabors Industries to hire him as Chief Operating Officer. Since joining Nabors Industries and relocating to Houston, Petrello has given to many Houston charities but probably none more dear to him than the Texas Children’s hospital. Petrello has a young daughter that suffers from cerebral palsy, but in hopes of helping her and other young children he has given over $7 million to the hospital’s research center.