Research and development is often championed as the gateway to the future, and the best route to increase the quality of life for everyone. However noble or essential the cause, it still suffers from need of funding. A problem patrons such as Tony Petrello hope to relieve. Petrello is single handedly responsible for a significant windfall for the cause. His support has already reached $5 million and he hopes to contribute an additional $2 million soon. The issue was first brought to his attention when his daughter Carena was born and diagnosed with periventricular leukomalacia. The condition is common among premature babies and often hampers development throughout their life. His quest for experts lead him to Texas Children’s hospital where he now a member of the board of trustees. Since discovering the hospital he has been a driving force in pushing for more research to aid kids like Carena. Petrello’s patronage extends beyond medical advances as well. He recently worked with Yale University to create an award given to individuals who exceed in the mathematics field. His original donation of $150,000 got the project off the ground but that is not all Petrello hopes to achieve with it. He has also pledge to match any donations made up to an additional $150,000. The award was created to honor his mentor and longtime friend Serge Lang. Serge Lang was a math professor at Yale and an inspiration not only to Petrello but to other members of his field.
The charitable contribution of Petrello are made possible through his professional success the foundation of which was built by his education. Petrello first embarked down the path of higher learning at Yale University where his efforts were rewarded with a bachelor’s of Mathematics and later a masters in Mathematics. For his Juris Doctor however, Petrello chose to attend and graduate from Harvard University’s law school. Utilizing his new skills obtained from law school he began professional career at Baker & McKenzie working there until 1991 when he resigned. After leaving Baker & McKenzie Petrello he took a position as a member of Nabors board of directors and the executive committee of the board. He now acts as the chairman of the board and chairman of the executive committee of the board as well as functioning as the company’s Chief Executive Officer.