You cannot mention Nabors Industries Limited without mention Anthony Petrello. Popularly referred to as Tony, Petrello has been with the company since 1991. He began his career as the Chief Operating officer in 1991 before progressing up the ladder to become the Chair of the Board in June 2012. His presence in the company has seen it grow in leaps and bounds, growing it from the Anglo Energy it was back in 1968 into being one of the biggest natural gas and geothermal drilling conglomerate in the world.
Tony Petrello earned a J.D. degree in the Harvard Law School and also has a bachelor’s and master’s in Mathematics at Yale University. After his studies, he signed up with Baker & McKenzie where he was the New York Managing Partner from 1986 to 1991. His steady and resilient work in crucial positions at different companies have contributed to his impeccable performance in Nabors and also have contributed to his being the best earning CEO in the world right now.
Anthony Petrello and his wife, Cynthia Carrafa are the parents to a lovely daughter, Carena who was born prematurely. She developed a cerebral palsy condition right after birth, something that forced Mr. Petrello into turning his philanthropic efforts into finding a cure or health care procedures to children suffering from the same condition.
While Mr Petrello could have easily used his money to give his daughter a better future, his happy heart led him to donate $7 million to the Texas Children’s Hospital to help further neurological research.This is a great gesture from someone who makes such an impressive amount per year. His 2015 compensation was especially remarkable. His earnings for Petrello’s position as the Nabors CEO totals to a whooping $27,512,939. His basic salary stood at $1,492,982. This coupled with bonuses and a stock share of up to $16,863,657 brought his compensations to this commendable count earning him a position in the list of best paid CEOs in the region.