Mike Heiligenstein Gives His Opinions On Helping The Situation Of Traffic At The Growth Summit

The Williamson County Growth Summit has always been a place where the issues that the city of Austin has been facing are addressed. The last Summit that recently took place as well spoke about the major issues that the city is faced with and tried to find solutions which were implementable to help the city.

This year, in particular, the summit focused on one of the growing issues that the people of Austin are facing – the problem of traffic. Every day, new people are moving to the city in search of employment and because of the better infrastructure that the city has, compared to some other parts of the state of Texas.

However, the city was not built to cope with this exorbitant amount of population, and now there is an evident strain on the infrastructure. Especially when it comes to the roads, they aren’t big enough to fit all the people in the city and their vehicles, causing a significant amount of traffic related problems.

 

The summit had, in particular, a panel discussion led by some of the most notable members in the field of transportation who provided solutions to this problem. Learn more about Mike Heiligenstein: https://about.me/heiligenstein

The panel discussion included some well-known faces and some people who have been part of the same panel debates in the past. The panel had people from different aspects of the transport industry all giving a unique insight into their thoughts on the matter.

The panel members included Uber Technologies Texas External Affairs Director, Leandre Johns, AgroDesign’s Jared Ficklin, and Mike Heiligenstein, Executive Director of the Central Texas Regional Mobility Authority.

Leandre mainly spoke about how Uber and other ridesharing companies and transportation solutions can help ease the strain on the roads, and make them more open, avoiding traffic. Jared Ficklin mainly spoke about the design aspect of the streets in the city and talked about the idea of creating advanced roads that can cope with the growing population.

Mike Heiligenstein was one member whose opinions seemed to have the most impact on the people at the panel discussion. He was of the view that the roads within the city would have to be reconstructed, to conduct an upgrade of the overall infrastructure of the city.

He also mentioned that the roads would have to be wider, and must contain more lanes, to keep up with the growing number of vehicles in Austin and to help the city reduce its problems of traffic.

Nabors’ CEO Tony Petrello Amends Its Corporate Governance And Executive Compensation

When Tony Petrello, CEO and President of Nabors Industries replaced former CEO Eugene Isenberg, in 2011, their share price increased by 180 percent.

Marketwatch reported on May 27th, 2014 that Mr. Petrello earned $68.2 million, in 2013, a 246 percent hike compared to 2012. He made number one on Equilar’s 2013 list of U.S. 50 top paid CEOs. It caused an uproar among many of the company’s shareholders who didn’t support its board’s executive compensation plan from 2011 to 2012. Tony became a member of the Board of Directors in 1991 and contributed to the company expanding to offshore, in 2002.

Nabors moved to Hamilton, Bermuda with the goal of reducing its federal tax liabilities in the United States. Some of the investors were disgruntled about the move and tried to intervene by filing a lawsuit against Nabors Industries, in Houston, Texas. A federal judge presiding over the case ruled in favor of Nabors granting expansion to Bermuda. To satisfy their shareholders, Tony Petrello and the company amended its corporate governance and compensation practices, in April 2014. One of the most significant changes to their practice of compensation is the executive severance payments limitation to three times an executive’s salary and bonus.

Tony Petrello is an experienced lawyer, executive leader, and philanthropist with years of expertise in corporate law, corporate planning, and operations. He holds a law degree from Harvard Law School and completed his undergraduate studies at Yale University. Since 1991, he has climbed the corporate hierarchy, presently serving as CEO, President, and Chairman of Nabors’ Board and Executive Committee. Mr. Petrello, along with his wife Cynthia are humanitarians and devote their time and money to Texas Children’s Hospital and the Dan and Jan Duncan Neurological Research Institute.