Tony Petrello is an American based entrepreneur and philanthropist. In 2015, Tony became the highest-paid CEO in the United States. While that is true, it should be noted that Anthony’s compensation is directly proportional to the income the company generates. Therefore, unlike other companies where the executives take home bigger salaries irrespective of the company finances, Tony’s pay is dependent on money Nabors Industries make. His achievements can, therefore, be associated with hard work, creative thinking, and natural gifts. Additionally, Tony is known for his philanthropic deeds especially towards children with neurological disorders.
Tony attended public schools in Newark, N.J where he grew up. During his high school years, he exhibited exceptional mathematical abilities. As a result, he received a scholarship to Yale University. Under the mentorship of the great mathematician professor Lang, Tony graduated with a bachelor’s and Master’s degree. It was during this time at the university that he met Cynthia, his wife. After graduation, Tony enrolled in Harvard Law School. In 1979, Anthony joined Baker and McKenzie law firm. After seven years, he became one of the managing partners at the New York division. It was at this law firm where Tony first worked with Nabors Industries. He became Nabors corporate attorney. Tony’s mathematical prowess impressed Nabors managers. As a result, Nabors managers hired him as a business executive.
In early 90’s, Tony Petrello became the chief operating officer of the drilling company. He would later take a seat on the board. In 1992, he became the president and helped in steering the company to more profits. Today, Anthony is the CEO of the organization. In 2012, he became the chairman of the board’s executive committee. Tony’s leadership qualities are exceptional. Among different positions he has taken up, Tony was a director at MediaOnDemand.com. Additionally, he holds directors’ position in Hilcorp Energy Company and Stewart & Stevenson.
In the late 1990s, Tony and his wife Cynthia were blessed with a baby girl. However, Carena was born with cerebral palsy. As a result, Tony sought out to help his daughter together with other children with neurological conditions. He donated $7 million to Texas Children Hospital with the aim of conducting research geared towards children neurological care. The donation went to the construction of the Jan and Dan Duncan Neurological Research Institute. Today, the institute has helped families across the globe. Additionally, Anthony continues his philanthropic activities by donating towards charitable causes around the world.
According to the proxy statement filed for 2016, Anthony made $ 15, 202,689 in total compensation. The highest percentage came as stock and amounted to $10,808,769. Bonuses amounted to $1,492,982 while the salary amounted to $1,575,000.
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