Anthony Petrello’s journey to becoming the president, chairman, and CEO of the world’s foremost oil drilling company, Nabors Industries Ltd. has been nothing short of remarkable. His education, of course, has been nothing short of the best with a JD from Harvard Law School and a Bachelors as well as a Masters in Mathematics from Yale.
Before he joined Nabors and reached the acme of his professional achievements, he had had a useful stint as a Managing Partner with the firm Baker & McKenzie’s in their New York office. Over there he got useful exposure as a corporate law, taxation, and international arbitration expert and learn more about Tony.
It was however in Nabor that he found his true calling. As the head of Nabor, it is his responsibility to initiate and bring to fruition strategies that help the company meet the challenges of the highly dynamic oil and gas industry head on with the help of his accomplished staff to set new benchmarks in operational efficiency and Tony’s lacrosse camp.
One of the things that Tony Petrello has been in the news for is his fabulous salary package, which is the envy of many. He received a total compensation of a whopping $27.7 million in the year 2015. High but utterly well deserved considering what he brings to the table. It is not for nothing that Petrello has been inducted into Board of Directors of Nabors Industries. He was inducted into the executive committee of the board.
However, in 2014 Nabors did change its corporate governance and compensation practices after criticism about Petrello’s high pay effectively ensuring that he didn’t become the highest paid boss that year and Tony on Facebook.
Lloyd Groove, his freshman year roommate, remembers him as a public school educated and scholarship receiving Newark kid. Apparently, he was trying to prove something and was clearly very at good at math. Years later when he endeavored to get in touch with his old college mate, feeling quite envious of the latter’s success, an email from his former roommate perked him up. Petrello attributed his success to luck! and more information click here.
Petrello’s daughter was born with cerebral palsy, and this had led him and his wife Cynthia to commit $7 million in research to the hospitals Jan and Dan Duncan Neurological Research Institute, for their clinical program dedicated to helping children with neurological disorders.
Other Reference: http://www.nabors.com/about-nabors/board-of-directors