Nabors Industries Ltd is one of the largest oil, natural gas, and geothermal drilling companies the entire world and its headquarters are located in Hamilton, Bermuda. It was established in 1968, and it was known as Anglo Energy Ltd. Since then, it has managed to conduct drilling operations in various regions of the world, including the Far East, Africa, The Middle East and the United States. However, Nabors Industries would not be boasting of being the largest were it not for sound management practices that have been used to run the company since it was incepted. Currently, the company is headed by Anthony G. Petrello, who is the President, CEO, Chairman of the Board, and that of the Executive Committee.
Anthony is an alumnus of Yale University, where he acquired MS and BS Mathematics degrees. He also has another degree in Law from Harvard University. After campus, Anthony worked with Baker and McKenzie law firm from 1979. He started working at Nabors Industries in 1991. The following year, he became President of the company. In 2003, he became Deputy Chairman, until mid-2012. However, in 2011, he was also made to be the CEO of the enterprise. After June 2012, he became Chairman of the entire company a position, which he holds until now. Initially, he had served as the Director of MediaOnDemand.com. Additionally, he currently acts as the Director of Stewart and Stevenson, LLC, Texas Children’s Hospital, and Hilcorp Energy Company.
General Anthony(Tony) Petrello puts much sacrifice in his work. Therefore, the reward that he receives is equally high. For instance, for the financial year 2015, he received a total compensation of $ 27,512,939. When broken down, 1,580,077 accounted for salary, bonuses amounted to $7,720,000, stocks were 16,863,656, and $1,342,206 for varying types of compensation.Cynthia Petrello is the wife to Anthony Petrello, and their daughter Carena is eight years old. Carena suffers from a condition known as periventricular leukomalacia (PVL), which is commonly associated with premature babies due to less blood flowing to the brain, therefore, reducing the amount of oxygen getting to the brain. As a result, Carena has ended up developing cerebral palsy, but her parents are highly committed to helping their child, and they have donated over $5milion for the purpose of advancing research on ways of correcting the condition for kids all over the world.