Tony Petrello- Why does he supports medical research?

Anthony Petrello or popularly known as Tony Petrello is the Chief Executive officer of the giant drilling firm known as Nabors Industries. He is known for his brilliance in managing the company as well as the wealth he has accumulated after helping the company become the biggest company in the drilling sector. Anthony Petrello is a leading CEO in the country and is among the highest paid. In 2014, he was the highest paid with yearly earnings of about $60 million. He joined Nabors industries in 1991 and has now worked there for over 20 years. This duration has given him enough experience to run a multinational company such as Nabors industries.

Nabors industries started as a small firm in the industry and have grown and made a name by acquiring small firms in the industry. This enabled the company to expand its business operations and become the largest in the industry. Currently, the company has a presence in over 25 countries and hundreds of drilling rigs with ongoing operations. This success of Nabors industries is what has made Anthony Petrello earn such a huge pay.

Although many people only know him because his business activities and wealth, a close look into his personal life will reveal a man who has another side of him not known to many people. Anthony Petrello is a philanthropist and is passionate about giving back to the community. He has a number of charitable causes that he is supporting currently. The Real Story Behind Anthony Petrello’s Success as CEO of Nabors Industries

Unlike many wealthy personalities in the country who engage in charitable activities as a way of getting tax breaks, the reason Anthony Petrello is engaged in these activities is for very different reasons. His engagement in charitable causes especially those that revolve around medical research comes from the heart as well as his own personal experiences.

Tony Petrello has been in this charity thing with his wife Cynthia. One of the biggest contributions they have made is $7 billion which they have committed to a neurological research center in Texas. The research center was established with an aim of coming up with the treatment of neurological disorders which affect children. The research center is specifically concerned with the treatment of brain disorders damages which cause mental and physical disabilities.

The decision to support this medical facility was arrived at after Petrello strained to get medication for his daughter who was suffering from a neurological disorder. He had to support such initiatives which will assist him to get the much-needed treatment for his daughter. Every Dollar to Newark Academy’s Rise & Flourish Campaign Matched in 2017

 

Anthony Petrello has Been an Asset to Businesses During His Notable Career

Anthony G. Petrello is the current Executive Committee, Chairman of the Board and Chief Executive Officer of Nabors Industries Ltd. The company is based out of Hamilton, Bermuda and is the biggest company in the world in the field of natural and geothermal drilling contracting. Nabors Industries conducts business in Africa, the Middle East, the Far East and the United States. Anthony Petrello is often called Tony and his role in the development of Nabors Industries is significant. The company originally began in 19685 under the name of Anglo Energy.

Anthony Petrello graduated from Yale University and Harvard University. His J.D. Degree was earned when he attended Harvard Law School and he earned his MS and BS degrees in Mathematics from Yale University. Mr. Petrello embarked on his professional journey in 1979 when he went to work for the Baker & McKenzie legal firm. He was the managing partner in the New York location from 1986 until 1991. The same year he became the Chief Operating Officer for Nabors Industries. He took the position of company president in 1992 and in 2003 he served as the Deputy Chairman. He remained in this position until 2012. By 2011 Mr. Petrello was the Chief Executive Officer for Nabors Industries. He has worked for Stewart & Stevenson as their Director since 2011 and held the same position with MediaOnDemand.com and the Texas Children’s Hospital.

The total calculated compensation for Anthony Petrello in 2015 was $27,512,939. Out of this amount $1,580,077 was his salary, $16,863,656 was his stock, $7,727,000 was for bonuses and $1,342,206 was for various compensations.

Anthony Petrello is the Director for the Hilcorp Energy Company and Stewart & Stevenson LLC. He sits on the Board of Trustees for the Texas Children’s Hospital and is an advocate for clinical programs and research to benefit children suffering from neurological disorders.

http://www.bizjournals.com/houston/morning_call/2014/12/nabors-ceo-cfo-take-big-pay-cut.html