Today most employees demand pay that equals their value. While value is a broad term, it may mean investments in education, experience, and input or output. Anthony Petrello made it to the list of America’s top-paid senior executives in 2014 earning an annual income of about 68.2 million dollars as CEO of Nabors Industries.
Anthony’s journey to his current position is that of hope, sacrifice, determination, perseverance, and passion. He is a renowned strategist, philanthropists, entrepreneur, and business strategist. All these did not come easy for him; he had to study, work and prove his worth. As a little boy from Newark, Anthony had one ambition; to acquire as much knowledge as possible. Newmark, a mostly working-class neighborhood, cultivated a culture of honesty and hard work. Anthony’s parents did not have many resources at their disposal, but this did not deter his pursuit of excellence.
As soon as he could read, Anthony spent most of his time mastering new ideas and broadening his knowledge. He was particularly passionate about mathematics and grasped concepts such as calculus at a tender age. Anthony utilized resources at his public school to cultivate his mathematical intelligence. By age 18, he received the coveted Yale University full scholarship to pursue a degree in Mathematics. Tony also earned a Master’s in Mathematics at the university. As a student a Yale, he got a lifetime opportunity to work with mathematical scholar and professor, Serge Lang. Lang noticed his prowess in the field and worked with him on the number theory and other theorems and proofs.
Naturally, Anthony was expected to build his profession around mathematics after Yale. Instead, Tony Petrello enrolled for a J.D at the Harvard Law School. In 1979, he began working at Baker & McKenzie as a business law expert. Tony rose to managing partner of the New York office in 1986. Nabors Industries was among the clients he served as a lawyer. The Nabors management poached him from the firm because of his outstanding analysis ability and general efforts.
Texas-based Nabors specializes in oil and natural gas drilling and is currently the largest company globally in the industry. Tony first served as Chief Operating Officer in 1991. Later in 1992, he was appointed President. He has led several impactful projects such as the purchase of Grace Drilling and Superior Well Services. In 2011, he took over the role of CEO and was appointed chairman in 2012. The Nabors share price increased by 180% during his tenure as CEO.
Tony Petrello and his wife Cynthia support initiatives meant to improve the lives of children with neurological disorders. He volunteers at the Board of Trustees at the Texas Children Hospital where he supported the construction of a pediatric complex.