Anthony Petrello has earned some honors and prestige that few have achieved even in the elite banking world. Just a few years ago he became the nation’s highest paid CEO when he received a compensation of over $68 million as part of a contract renegotiation. But it’s understandable why Petrello is compensated heavily because he works closely with big oil companies and is responsible for guiding company investments in drilling rig technologies and automated systems. For Petrello, the journey to Nabors CEO came as a result of several times he changed his mind.
According to Lloyd Grove, a former roommate of Petrello’s, he was a math whiz who enrolled at Yale and achieved high honors with both his bachelor’s and master’s degrees in advanced mathematics. He decided to start a career in law instead of teaching math, so he got his J.D. at Harvard and joined Baker & McKenzie as an associate. He became partner at that firm in 7 years and met the leader of Nabors Industries several years later. In 1991 he left the firm and became Chief Operating Officer of Nabors Industries, and then took over as CEO in 2011.
Anthony Petrello joined the Texas Children’s Hospitals Board of Trustees not long ago when he and his wife Cynthia gave birth to a daughter who had periventricular leukomalacia and now has cerebral palsy. The Petrellos consulted with various doctors to find out if any treatment was possible but were told it was not. So they met Dan and Jan Duncan who had started a neurological research facility at TCH and they became enthusiastic about the potential to one day address brain diseases. The Petrellos sent a gift of $7 million to the facility to invest in advanced research technology.