Tony Petrello is the CEO of Nabors Industries, and he uses his position to impact the society positively. For example, Petrello regularly donates to good causes while he leads efforts to create new employment opportunities for American citizens and the citizens of other countries that Nabors operates in. Tony Petrello developed an interest in giving to the community when his daughter Carena was born with periventricular leukomalacia. A neurological disorder that slows down a child’s ability to do basic things like chewing, talking, or walking. Carena, 8, is still learning to perform tasks that healthy 8-year-olds ought to have mastered.
Petrello and his wife, Cynthia, just like any other parents wanted the best medical treatment for their child. After a long search, the two discovered that Carena’s condition is poorly understood partly because of inadequate research on the disease. Petrello and Cynthia made up their minds to spearhead efforts that would lead to a better understanding of periventricular leukomalacia. With improved knowledge on the disease, physicians would be able to respond to it appropriately and save the lives of thousands of children in America and the world. To this end, Petrello donated $5 million and promised to give an additional $2 million to the Texas Children’s Hospital. Petrello used his connections in the corporate world to find new donors who would give towards the cause. In 2007, Dan Duncan gave the Texas Children’s Hospital $50 million that the medical facility used to establish the Jan and Dan Duncan Neurological Research Institute.
Outside the field of medicine, Petrello gave $150,000 to an annual prize created to honor Serge Lang, one of his mentors at Yale University. Lang passed away in 2016. What’s more, Petrello will match any gift Yale University receives up to a maximum amount of $150,000. Before Petrello quit Yale, he worked with Lang on various projects that involved mathematics.
Petrello is a results-oriented executive. As the CEO of the largest land driller, over 80% of Petrello’s salary is based on company’s performance. He believes that he should earn what he deserves. When he works hard and generate a lot of profits for the company, his salary automatically rises and vice versa. Also, Petrello values those people that work under him, over 100,000, and he advocates for proper remuneration for his staff. Before joining Nabors, Petrello worked for Baker & McKenzie for over seven years. He rose through the ranks of the law firm to become a partner before quitting in 1991.
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