Tony Petrello: math guru turn lawyer now a business guru and philanthropist
Tony Petrello is among the few corporate executive Chief Executive Officers who have a unique and fascinating story. His story starts from being raised in Newark based in New Jersey and now is ahead of Nabors Drilling, which is a giant corporation in its sector. He is also a significant funder towards the research of common neurological infections. His friends have described him as being an extrovert. He was also a math genius in his home area making him well known for this prowess. He was later offered a scholarship by Yale University to be mentored by Serge Lang.
Tony Petrello did a bachelor’s degree as well as a thesis in the field having graduated later. He, however, shifted his interest towards the area of law by joining the Harvard University School of Law. He finished his studies in law and graduated in the 1970 period. After completing his studies, he was first employed to work law firm called Baker and McKenzie which is a law firm based in the US.
Tony Petrello developed an interest and did his specialization in business law while working in the law firm; his specialty was in the taxation as well as arbitration. In this quest for knowledge, he got an interest in the field of law in finance and was made the managing partner of the company’s New York post in 1986. Through the law firm, he worked with one of the company’s client called Nabors Industries.
Tony Petrello’s involvement with the company and the excellent work noticed made the company try employing him to Nabors. He later left the law firm to be an executive figure in new company. This meant he had to shift his home to Texas where the company was based. The company knew the abilities and vision he had he would foster the company to a new level of sound leadership and success.
Tony was later made the Chief Operating Officer thus was in charge of the day to day company operations. He was also added to the directing board as well as the executive board of the company. He was promoted to the president a year later. He is currently the CEO as well as the chairman of the executive committee of the company since six years ago.
The CEO is also an avid philanthropist since the diagnosis of his daughter towards Cerebral Palsy. The delicate stage in the child’s life influenced him to donate seven million dollars to the Texas Children’s Hospital. This hospital does much research on similar neurological diseases.
To Read More Click Here
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.
Learn More Click Here