Anthony Petrello Runs Over $27 Million in Salary and Compensation
Anthony Petrello is one of the nation’s top paid executives and it’s no surprise with the job he has running a high profile oil drilling company. That company is Nabors Industries, a land-based and offshore drilling contractor that owns the largest rig equipment and fleet. Petrello is responsible for bringing technological initiatives to the table and guiding strategic planning and shareholder meetings. His compensation for this job has been totaled at over $27 million that includes $1.58 million in base pay and the rest in bonuses, stocks, equity and other compensation and read full article.
Anthony Petrello has been with Nabors Industries since 1991 when he came on board as Chief Operating Officer. He became CEO in 2011 when Eugene Isenberg passed away. Prior to that he was a senior associate at Baker & McKenzie where he became a partner in 1986. At this law firm he guided and advised clients in corporate regulations, tax compliance and international business borders. He got his formal education studying advanced mathematics at Yale University then completed his J.D. at Harvard law school.
Anthony Petrello is also the father of Carena Petrello, a young girl who was diagnosed with periventricular leukomalacia which later led to cerebral palsy. It was rough for Anthony and his wife Cynthia when they found out they had no treatment options for Carena’s condition, but they soon got involved in another endeavor to give to neurological research at the Dan and Jan Duncan Institute at the Texas Children’s Hospital. The Petrellos gave $7 million in gifts and hope to see their efforts recognized in the business community.