Tony Petrello, the chairman, and CEO of Nabors Industries has made immense contributions to the oil industry. As the principle of the company, he has been in charge of developing and implementing groundbreaking technologies besides guarding the investors’ capital. Through exceptional leadership, the cost of shares in of the company rose by over 180% in 2014. Consequently, Tony Petrello has become one of highest paid CEOs in the world.
Referring to Tony Petrello’s massive wealth, his former college roommate, Lloyd Grove referred to him as seriously wealthy. In his article, the Prince and the Pauper, Grove pictures Tony as a comical skinny math genius. He explains how Tony’s choice to study law instead of Mathematics disappointed many including the world’s distinguished mathematics professor, Prof. Serge Lang of Yale University. Tony studied corporate law at Harvard University where he obtained his Juries Degree.
Tony Petrello started working in New York at Baker & McKenzie in 1979 where he specialized in an array of legal matters such as tax and employment compliance, business valuations, mergers and acquisitions and underwriting. His proficiency in financial law attracted other high-end employers including Nabors Industries. In 1991 he left Baker & McKenzie as a managing partner to work at Nabors Industries.Nabors Industries is a large Houston-based oil drilling contractor company that has extended its operations to many parts of the globe.
The company’s significant achievement since Petrello became its CEO in 2011 is the assembling of the largest land and offshore rig fleets in the world. Additionally, the firm has developed numerous patents in automated technology and drilling science. As the CEO, Petrello also helped the company to move its operations offshore and attracted more investors.Apart from his corporate leadership genius, Tony Petrello is a caring father and husband. Doctors diagnosed his daughter Carena with cerebral palsy, a condition that has kept her confined to a wheelchair and in need of specialized care. When doctors informed Petrello of the absence of a cure for the disease, he decided to support Dan and Jan Neurological Research Institute that works to find a treatment for such conditions. He has since donated $7 million towards the initiative.