Tony Petrello: Math Whiz, Attorney, Experienced Chief Executive And Philanthropist

Tony Petrello is among the country’s highest paid chief executive officers. The 62 year old Newark, New Jersey native received almost $15.4 million in stock options and salary in 2016 from oil and gas industry giant Nabors Industries. Petrello’s compensation is in line with his incredible contribution to the company, Nabors Industries board believes. Tony Petrello has taken the company to the very pinnacle of the oil and gas industry internationally and helped to make the shareholders and everyone else involved with the company a lot of money.

Raised in a working-class neighborhood, Tony Petrello was a math whiz who excelled in public school and earned a scholarship to Yale University. After getting bachelor’s and master’s degrees in mathematics under the tutelage of famed mathematician Serge Lang, Petrello enrolled at Harvard Law School and got his law degree in 1979. He then worked with Baker & McKenzie, an internationally known law firm and became managing partner of their New York office.

In 1991, Tony Petrello was hired by one of Baker & McKenzie’s top clients, Nabors Industries. Nabors Industries’ land-based oil and gas drilling rig fleet is the largest in the world. The company, which has headquarters in both Houston, Texas and on the island of Bermuda, generates billions of dollars a year in revenues. With over 30,000 employees, it’s among the world’s largest and most successful drilling contractors. Tony Petrello quickly rose up the ranks to become the COO and president of the company. By 2003, he became deputy chairman and in 2011, Tony Petrello was named CEO of Nabors Industries. The Real Story Behind Anthony Petrello’s Success as CEO of Nabors Industries

Nabors Industries has enjoyed phenomenal growth under the leadership of Tony Petrello. Founded in 1952, the company made their largest acquisition ever in 2010 when they purchased Superior Well Services along with their fracking technology. Petrello is credited with upgrading Nabors Industries, increasing its worldwide influence and boosting its profits. He has handled the company’s most important and valuable acquisitions. Nabors Industries stock price has risen 180% since Tony Petrello was hired.

In addition to being an excellent executive, Tony Petrello is also a generous philanthropist. He donates to charities nationwide. When his daughter Carena was born with cerebral palsy, Tony Petrello donated $7 million to Texas Children’s Hospital to help them build a neurological research and treatment center. He also donated $150,000 to establish an endowment at Yale in memory of mathematician Serge Lang who died recently. Every Dollar to Newark Academy’s Rise & Flourish Campaign Matched in 2017

Chris Burch’s resort Nihiwatu named best hotel in the world

Travelers looking to stay in world’s best hotel won’t find it in New York City, Tokyo or any other major city. The hotel Travel & Leisure named 2016’s best, Nihiwatu, sits on a remote island in Indonesia.

It began as a hostel. In 2012, businessman Chris Burch and hotelier James McBride bought the property from its New Jersey owners. The partners invested three years and $30 million in renovations. In 2015, they reopened it as a five-star resort.

Staying true to his fashion industry roots, Chris Burch designed the resort on the island of Sumba with the same care as the brands he founded or co-founded – C. Wonder and Tory Burch. Though a hotel may seem an odd choice, Burch has used his entrepreneurial skills on a wide variety of companies from ED by Ellen DeGeneres to Cocoon9 to Poppin.

Burch told Business Jet Traveler that he bought it for his children so they could be part of preserving the unique area while giving back to the community. The Burch family’s resort is meeting those goals. It is the largest local employer. It donates a percentage of the resort’s profits to the Sumba Foundation, a philanthropy that funds projects that aid the island community.

What makes Nihiwatu so special? It believes less is more. No highrise hotel dwarfs the beach. Instead, the resort offers 27 private villas for rent, including Raja Mendaka, Burch’s home. Each villa has its own plunge pool. The pool at Raja Mendaka offers a view of Nihi Beach and the Indian Ocean. Vacationers will also find a vast indoor-outdoor entertaining area. For more of this, have a peek on businessinsider.com

Visitors can stay in a high rise of sorts – a tree house. The resorts offers two, each a two-story structure. A bamboo bridge connects the tree houses. Each features a bedroom, bathroom, and balcony. The main tree house features a living room and infinity pool. Burch and McBride chose a local theme for decoration of each villa. Each is appointed with traditional Sumbanese antiques and Ikat prints with construction of local wood.

What would a resort be without a spa? Nihiwatu’s is on the beach. Visitors can also experience in-room spa services. Nihiwatu’s wellness center offers yoga classes and private instruction. Reserve a surfing spot for $125. True to its uncrowded nature, the resort only allows ten surfers in the water at once. Individual surfing lessons cost $250. The hotel also offers guided hikes to waterfalls and blue lagoons, and guided horseback-riding trips.  Check on bjtonline.com for related articles.

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Those ready to plan their vacation to Nihiwatu might want to aim for the off season when rentals start at $750 per night for a one-bedroom villa. This dreamy island paradise could provide the perfect honeymoon or anniversary vacation.  Visit this important site.

For more reading hit on https://www.wsj.com/articles/tory-burch-co-founder-buys-miami-beach-tear-down-1489588776