Anthony Petrello: Brilliant In Everything He does
Anthony Petrello is the face of Nabors Industries. It is a drilling contractor currently based in Bermuda. The company operates from Houston, Texas and is involved in oil and natural gas drilling operations in America, Asia, and Africa. The firm has been in operation for around 50 years. It has worked on some of the biggest oil projects in recent years.
Petrello attended Yale University where he graduated with both a Bachelor’s and Masters in Mathematics. He was an understudy to Professor Serge Lang who is a world-renowned mathematician during his time at Yale. Anthony Petrello later went to Harvard Law School and graduated with a J.D. He started his career as a lawyer at Baker and McKenzie where his work revolved around taxation, corporate law, and international arbitration. His stellar work at the firm led to his promotion to become the Managing Director of the New York Office, a position he had held for five years before he left to join Nabors Industries.
Anthony was elected to the company’s board of directors in 1991. He was appointed as the company’s Chief Operating Officer and President in the same year. Anthony became the deputy chairman of the board in 2003. He was promoted to become the CEO after 20 years as COO. Anthony became the Executive Chairman of the board a year later. He maintains this position to date. Anthony Petrello has been responsible for coming up with strategic initiatives to help the company remain relevant and profitable in the sector. He is also the director of Hilcorp Energy and the Stewart and Stevenson law firm.
Lloyd Groves wrote an article for the Daily Beast about the brilliance of Petrello who he shared a room with when they were in college. He noticed that Petrello was at the top of the highest-paid CEOs list in America. Mr. Petrello had earned more than $68 million in compensation in the previous year. This was more than any executive in the US. Groves says that Petrello was a math whiz in college. He is one of the brightest people that he had ever met. Petrello was one of only a few individuals who he had gone to school with that had turned out successful and prosperous in life. Source: http://blogs.marketwatch.com/thetell/2014/05/27/why-nabors-ceo-wont-top-best-paid-bosses-list-again-in-2014/
Petrello has been involved in philanthropic work to give back to the community. Petrello and his wife gave seven million dollars to the Texas Children’s Hospital as seed funding. The money would go into developing a neurological research center at the hospital. His daughter was born with cerebral palsy. This is what led him to try and find a way to help her and other kids who suffer from the same condition. He is also the Director of Texas Children’s Hospital where he advises on decisions made by the hospital.
Tony received $27 million in total compensation in the 2015 fiscal year. This comprised of a salary of $1.5 million, a bonus of $7.7 million, $16 million in stock, and $1 million from other compensation types.
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