Coming from a low income working family, Tony Petrello is now one of the highest paid CEOs in the United States. Tony Petrello is just 62 years of age and it does not seem that he is slowing down anytime soon. Tony is the CEO of Nabors Industries where he began in 2011 after also serving as the company’s President, Chief Operating Officer, and Deputy Chairman. The 2016 salary of Mr. Petrello (over 15 million from salary and stock options) reflects the success that he is experiencing through his tenacious leadership of Nabors Industries in the worldwide gas and oil industry.
Nabors Industries supplies most of the oil and gas drilling rigs to land and off-shore companies around the globe, making it the largest and the most successful drilling contractor in the world. Mr. Petrello has company headquarters in Bermuda and Houston, Texas with billion-dollar revenues each year. The success of Nabors Industries has continued since its beginnings in 1952 when its drilling operations and the company’s lucrative acquisitions attributes to its growth. Nabors Industries retains its oil and gas leadership status because of the innovative aegis of Mr. Petrello. For the past 20 years, Tony has also vastly increased the company’s stock market prices.
Tony Petrello is not just a great icon for hard work to success, but he is also a great example of not letting your early background dictate your future. Mr. Petrello was a whiz at mathematics in grade school earning him a scholarship to Yale University. He attained both a Bachelor of Science and Master of Science degrees. He furthered his education by graduating from Harvard Law School with a law degree in 1979. After college he experienced a long and successful career at the prestigious law firm of Baker & McKenzie. In 1991 when he left Baker & McKenzie, he had earned the title of Managing Partner.
Just as impressive as his reputation and achievements are, Tony Petrello is even more notable with his philanthropic endeavors. Mr. Petrello has a charity that he supports with all his heart and that is to the Neurological Research Institute at the Texas Children’s Hospital. His daughter is afflicted with cerebral palsy. Tony and his family donate millions of dollars to the research institute for advanced research and testing for his daughter and others.
It was because of the financial support of Tony Petrello that The Neurological Research Institute in 2010, was able to be funded and begin its important work. Tony Petrello’s charity efforts continues with his support of Yale University with endowment donations in memory of his math mentor. Naturally, reflecting his love of math, his monetary prize is awarded to person who show great promise in mathematics.
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