Tony Petrello Starts A $170,000 Support Fund For Hurricane Harvey Relief

Tony Petrello isn’t always mentioned in the same sentence as the word “generous,” but he certainly has shown it many times in the Houston community. His latest support for the community came after hurricane Harvey left a wide range of damage in the area and relief was much needed. Petrello decided to give Nabors Industries’ employees time off to not only attend to their homes and families and make sure they were safe, but they were also paid to go help their neighbors and others who may have been stuck in the damage or needed shelter and meals. Petrello started an online fundraiser page to help with the damage to which a total of about $170,000 was raised which was matched by that same amount from Petrello’s own pocket.

Tony Petrello is not originally from Houston, but he still tries to be involved as much as he can with its community. He was born in Newark, NJ and though he came from a blue collar family, he was brilliant academically and especially excelled in mathematics. Petrello attended Yale University and received both a bachelor’s and master’s degree in advanced math, and according to an old roommate of his even studied under famous mathematician Serge Lange. But his next career move after this was to attend law school at Harvard University and then to join Baker & McKenzie as an associate in 1979 and to become a partner at the firm later. One of the firm’s biggest clients was Nabors Industries who saw tremendous benefits to Petrello’s advice on tax law and accounts management, and in 1991 they asked him to join their executive board.

Tony Petrello began his tenure at Nabors Industries as chief operating officer in 1991, and 20 years later he became the new Chairman and CEO of the company. Petrello has managed the development of different oil drilling technology and has been responsible for different stock offerings and shareholder meetings. About five years ago he became featured in various business magazines for becoming the highest-paid CEO with a new contract that made his compensation that year over $68 million. He also led the acquisition of Tesco Corporation just this last year. Petrello is a trustee at the Texas Children’s Hospital and has given $7 million to neurological research, a cause that’s very close to his heart because his young daughter Carena is also a victim of periventricular leukomalacia. He is also a friend of famous Broadway actor Tommy Tune.


Jeffry Schneider Speaks Highly of Wellness Programs

Jeffry Schneider understands the importance of wellness. He remains a strong proponent of wellness programs in business environments. Schneider’s insights into wellness extend beyond promoting the value of these programs in the workplace. Schneider also points out the overall virtues of healthier living. These virtues contribute to a better overall quality of life.

A Wellness Program Explained

A wellness program can be described as an investment a company makes in itself through sponsoring health and fitness activities for employees. A wellness program can take many forms. A company might choose to sponsor workshops on how to quit smoking or offer weekly yoga classes during lunch hours. Paying for a full-service gym located on company premises would be another option.

Wellness programs can take many forms. All these forms may present benefits to both the company and the employees in the fold. In fact, the unique benefits may extend far beyond what even the most optimistic manager may initially believe.

Downtime Goes Down

Businesses do not thrive when employee downtime presents consistent problems. Downtime can be caused by many factors. In some cases, less-productive employees may want to do more but cannot. How could a worker do anything at the office when he/she is home dealing with the flu? What can an employee do when he/she simply lacks vitality and energy?

Wellness programs cannot provide total answers to all employee productivity problems, but the benefits of fitness, health, and exercise programs could contribute in lessening downtime. Engaging in regular exercise and incorporating dietary improvements can build up the immune system, energize the mind, and more, resulting in increased productivity.

Impact on Healthcare Costs

Sicknesses come with expenses. Even a trip to the doctor for a minor problem comes with co-pays and, possibly, prescription costs. Employees might be working on a tight personal budget and don’t wish to spend money on healthcare costs. A wellness program might offer a solution for them. Cutting down on healthcare expenses — even a small amount of expenses — puts money back into an employee’s pocket. Of course, anyone with questions or concerns about overall health should see a physician for a physical or other examination for an accurate determination.

Data Speaks

Studies have been performed on the validity of wellness programs’ contribution to the workplace. Serious scientific data shouldn’t be dismissed by any management team thinking about adding a wellness program to the office environment. The reported data might help sway wavering opinions on the value of wellness programs.

Jeffry Schneider and Wellness Programs

Jeffry Schneider has published material extolling the virtues of wellness programs. Interestingly, he blogs about wellness programs more suited for those with active careers and lifestyles. Persons who travel a lot, as Jeffry Schneider does, may benefit from reading his work.