How One Person Remembers Anthony Petrello

Anthony Petrello became a big name in the oil industry about 25 years ago when he joined Nabors Industries as an executive, and today he manages their operations completely as Chairman and CEO. Nabors Industries runs drilling operations that include horizontal well technology, hybrid driling and offshore modular equipment. They also boast of the largest land-based rig fleet and the highest quality offshore rigs. Petrello made big news in 2013 when he became America’s highest paid CEO with over $60 million in total compensation thanks to a contract negotiation. While his latest compensation doesn’t quite reach that high, he’s still brought home a high salary for his job. But Petrello wasn’t known as an oil tycoon back when his friend Lloyd Grove first knew him.

Lloyd Grove, a contributor to the Daily Beast recalls knowing Anthony Petrello back in his days at Yale University. Petrello was more of a shy person whose skills in mathematics incredible. While it might have been assumed at the time that he would go into mathematics as a career, Grove recalls how he turned instead to law and joined Baker & McKenzie law firm in 1979, and in 1986 became a partner there. It was Petrello’s knowledge in corporate law and tax issues that made him a target of Nabors Industries in 1991, and by 2011 Grove noticed Anthony Petrello was now running the company.

While Petrello may be thought of as a highly ambitious individual, he also has a soft side when it comes to philanthropy and his family. His daughter Carena struggles with cerebral palsy due to being born with periventricular leukomalacia, but it was through this that Anthony Petrello and his wife Cynthia made giving to help young infants with brain diseases their passion. Through their partnership with the Texas Children’s Hospital, they’ve given over $7 million so far to this cause.

To know more visit @: www.houstonchronicle.com/business/steffy/article/Nabors-keeps-overpaying-CEO-4356088.php

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