In 2014, Antony Petrello made headlines worldwide when he was announced as the highest paid CEO in the country. This news attracted both praise and disdain from all parts of the country but few people ever posed to ask the two main questions; who is Tony Petrello and why does Tony Petrello deserve to earn so much?
In case you missed the news, 2104 saw Tony Petrello earn more than $68 million to push him to the top of the list of the highest paid CEOs in America. This figure may sound huge but it is a true reflection of the man that is Tony Petrello- a hardworking, honest and caring man who always strives for perfection. Even though Nabors Industries is probably the largest land based oil and gas drilling contractor in the world and could easily afford to pay him that much, it must be noted that his contract with the company directs that up to eighty percent of his income will be based on the profits of the company. For him to have earned that much means that he had brought the company to form and that the company’s profits have been in very good shape under leadership.
As further testimony to his hard work and excellent leadership ability, it is worth pointing out the fact that Anthony Petrello came from very humble beginnings. A former college colleague who shared a dorm room with him during freshman year described him back then as a ‘skinny boy with a thick Italian accent from Newark’. But his brilliance at Math had earned him a full scholarship at Yale and, coupled with his hard work, saw him complete his studies AND GRADUATE FROM Harvard Law School. Even at Nabors Industries, Tony had to claw his way slowly up the ranks over 30 years before eventually made the company’s CEO.
Anthony Petrello and his wife Cynthia are also widely recognized as philanthropists who reserve a sizeable chunk of their wealth to charity and donations. A good example of these is the $7 Million donation that they recently made to the Jan and Dan Duncan Neurological Research Institute.
To know more visit @: www.linkedin.com/in/anthony-petrello-1335b097