Tommy Tune moved a long way from home years ago when he graduated from one of Houston’s top dance schools and took center stage as a Broadway performer. Tune starred in famous productions like “Grand Hotel,” “A Day in Hollywood/A Night in the Ukraine,” and “Nine” for which he was presented several Tony awards.
Ironically enough, in his return home to Houston he was welcomed by another Tony, the CEO of Nabors Industries Tony Petrello. Petrello had actually spent his childhood in a Newark, NJ neighborhood just outside of New York and later moved to Houston after joining America’s top oil drilling contractor, but his connection there is something he holds in common with Mr. Tune. The welcome home party was a gallant reception at the Petrello estate and Tune and Petrello were joined by the Miller Outdoor Theatre advisory board, the place where Tune performed at his homecoming.
Tony Petrello has a long list of responsibilities as CEO of Nabors Industries, and he can be credited with keeping the company on a schedule that’s led to billions of dollars in revenue each year. They’ve also patented some of the most advanced rigs systems in operation which include automated drilling and analytics gathering. Anthony Petrello also made a joint venture partnership with Saudi Aramco this last year and also helped bring a merger through with Tesco Corporation.
During his childhood, Tony Petrello became a brilliant student who had a great math acumen. He achieved a high GPA and gained admission to Yale University where he studied under one of the top mathematicians of his day, Serge Lange. Petrello turned a different direction upon graduating from Yale and decided to pursue law. He completed a JD, passed the bar exam and began practicing at New York law firm Baker & McKenzie in 1979. Petrello became adept at tax law and finding loopholes in transaction regulations, and it led to his being hired as chief operating officer of Nabors Industries’ Board of Directors in 1991. After holding that role for about 20 years, Petrello became CEO when Eugene Isenberg who had previously served in that position passed away. He was also nominated chairman one year later, and his compensation was also given a large bonus amount in 2013 as part of a shareholder arrangement which made him top-paid CEO of America at $68.7 million.