NABORS INDUSTRIES’CEO, TONY PETRELLO

Tony Petrello is famously known to be one of the highest-paid CEOs in the country. This is according to the Associated Press’s annual rankings. Tony is the current chairman and Chief Executive Officer of Nabors industries. Nabors industries is a company that offers drilling and rig services by providing rig instrumentation, optimization software, equipment manufacturing and directional drilling company. It has its headquarters in Houston, Texas and Bermuda. The company, in 2016 earned annual revenue of more than 2.2 billion dollars. In the same year, Tony earned an outstanding 15.3 million dollars when he combined his salary with stocks.

Tony was born in Newark, New Jersey. Being born in a working-class family, he was lucky enough to receive public school scholarship in Yale University. In the University he showed his passion and interest in mathematics and he graduated with a BS and MS in mathematics. Later on, Tony pursued a law degree at Harvard Law School and graduated in 1979. He later on joined a law firm, Baker and McKenzie, where he worked for about eleven years, being the managing partner of the New York offices of the law firm. A job offer was given to Tony by Nabors industries and he became the president and chief operating officer of the company. Tony became the Deputy Chairman of Narbos by 2003 and in 2011 he got his current position as the CEO.

To add to his success in his career, Tony is a well recognized good hearted philanthropist who is committed to donate to the less fortunate and charitable institutions. Tony has a daughter who has a neurological condition. This means that she cannot learn things the way a normal kid would. His daughter, Carina was born at 24 weeks and weighed only 20 ounces. Tony and his wife, Cynthia, are very dedicated to find solutions to the issues brought about by the neurological condition their daughter faces. According to Cynthia Petrello, the condition of their daughter humbled them a lot and they began to pray for divine intervention.

In an effort to give children born with this condition better lives, Tony donated 7 million dollars to The Texas Children’s Hospital in 2016. Tony’s mentor and friend, Serge Lang, who was a math professor, died last September. In his memorial, Tony gave an endowment of 150000 dollars to commemorate Serge. These are just but a few of the acts of kindness that show Tony’s generosity with his wealth.

For details: en.wikipedia.org/wiki/Nabors_Industries

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