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Anthony Petrello Rises from a Humble Beginning to Become a Top-Paid CEO in America

Anthony Petrello lists among the most successful corporate businesspeople in America. He graduated from Harvard University with a J.D degree. Later on, he pursued a master’s in mathematics from Yale University. Today, Anthony Petrello gets associated with Nabors Industries. He is the chief executive officer of the institution. He has worked with this oil drilling company for over 25 years. Since his incorporation to the Nabors Industries family, Anthony Petrello has held several key positions in the organization. In 1991, he became the chief operating officer. One year later, he became the president of Nabors Industries. As a result of his great achievement with the company, he got appointed as the deputy chair of the board of directors. Today, he serves as the chairman of the board. Anthony Petrello career began in Becker & Mackenzie law firm. He was a managing partner in the enterprise.

 

Besides being a businessman, Mr. Petrello is a philanthropist. He holds a director position at Texas Children’s Home. Through this institution, he donates both his time and resources to the benefit of needy students. His experience and education background has made him a great leader. He is among the best-paid executives in America. In 2015, his calculated salary and compensations amounted to $ 27,663,602. Out of which, $ 1, 580,077 amounted to salary, $ 7,727,000 got paid as bonus, $ 16,863,656 as stock and $ 1,342,206 from different types of compensation.

 

In a recent article published by his college roommate, Lloyd Grove described him as a skinny scholarship kid from Newark. It further says he had a thick Jersey accent and had an extrovert personality. Petrello loved pizza and joked about his family. He was jovial and would make fun during mealtime. Grove says that he was naturally good at mathematics and was the favorite student of Prof. Serge, a renowned world class mathematician. The article got published by The Daily Beast. In 2013, Anthony Petrello topped the list of the top-paid CEOs in America. He received $ 68.2 million, a 246 percent increase from what he received in 2012. However, in 2014, changes in the company saw the corporate governance and compensation practices change. They limited executive severance payment to three times an executive salary. The roles of CEO and chairman, additionally, got split. Therefore, the changes rained fire on Petrello pay and ultimately funneled back much of the money to the shareholders.

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