Nabors Industries is one of the world’s leading oil, natural gas, and geothermal welling, mining, and drilling companies. The organization had revenues of over $2 billion for the most recent fiscal year, as well as earnings in excess of one billion for 2016. This isn’t that difficult when you’ve got more than 500 oil rigs drilling at any given moment around the world’s six inhabited continents, located specifically in 25 different countries. Something else that eases the challenge of being consistently ranked as a top company – even on the Standard and Poor’s 500 stock index, where they’ve been for years on end – is having Tony Petrello on your side.
Mr. Tony Petrello is the President, Chief Executive Officer, and Chairman of the Board at Nabors Industries, having first joined the organization in 1991. Tony Petrello’s path to this prestigious position isn’t as clear cut as most people’s are – let’s learn a little about this highly successful man’s path in life.
Tony was born to a low-income family in which nothing was given to him, except his high level of intelligence. His parents claimed that he read academic texts as kid, opting for them rather picture or story books. Everyone who went to school or has even been around Mr. Petrello can vouch for how smart he is, especially at mathematics.
He is sooooo good at math, he didn’t even have to apply to Yale University, one of the most popular Ivy League schools, as recruiters called him before he showed any sign of interest. Mr. Petrello got a free ride to Yale for his undergraduate degree in mathematics. Just like he finished high school early and with honors, Petrello did the same thing in working towards his bachelor’s degree, finishing ahead of schedule and with highest honors. He then earned a master’s in mathematics, only to later switch his interests to law, soon after attending Harvard Law School for a juris doctorate degree.
Tony Petrello used to be one of the nation’s executives with the highest salaries, in 2013 earning an astounding $68.2 million. That statistic allowed him the ranking of the Associated Press’ number-one status. However, although Petrello is worth every penny in that 68-odd million dollar figure from four years ago, his shareholders decided to cut his compensation down significantly. However, today’s reduced sums are still consistently higher than most people, at $15 million in the most recent fiscal year, 2015-2016.
About Tony Petrello: executives.findthecompany.com/l/18290/Anthony-G-Petrello