Anthony Petrello is a shrewd entrepreneur and experienced operations leader. He has fostered the expansion of several firms by holding influential leadership positions and taking decisive actions. Petrello has set high standards of academic excellence for other entrepreneurs in the corporate world. For instance, he is an alumnus of prestigious Harvard Law School, holding a J.D degree. He also received both his undergraduate and postgraduate degrees from the distinguished Yale University.
Anthony Petrello obtained an entry-level job at the law company Baker & McKenzie in 1979. Between 1986 and 1991, he was the managing partner of the firm and operated its New York Office. He joined Nabors Industries LTD in 1991 as the director and rose to the position of the president in 1992. Between 2003 and 2012, Petrello served as Nabors Industries’ Deputy Chairman. He became the head of Stewart & Stevenson in 2011 and CEO of Nabors in 2012. He serves as a director of organizations such as Texas Children’s Hospital and MediaOnDemand.com.
What is Nabors Industries Ltd?
Nabors owns and oversees the operation of world’s biggest land-based drilling fleet of machinery. It is an authority in offshore drilling rigs in the U.S. and several global markets. It also offers directional drilling services, state-of-the-art technologies, and performance tools across the leading oil and gas markets around the globe. Nabors has a highly competent workforce that capitalizes on the firm’s exceptional drilling automation abilities to set high standards of excellence in the sector. It specializes in manufacturing and selling top drives, drawworks, wrenches, catwalks, and other drilling related equipment. These tools are set up on both offshore and onshore drilling rigs.
Executive compensation for the 2015 financial year
According to the 2015 fiscal year’s report, Mr. Anthony G. Petrello, the president, CEO, and Board Chairman of Nabors Industries received a total compensation of $27,512,939. The total amount comprised of a salary of $1,580,077, a bonus of $7,727,000, stock options of $0, stock worth $16,836,656, and other forms of compensation amounted to $1,342,206. The total cash compensation consists of annual base pay plus bonuses. The Nabors Industries LTD uses the edgar filing system to file its income reports for executive basic salary and bonus with SEC. These reports are usually available in the Def 14a documents. Total equity encompasses fair value of shares, option award, and long-term incentives awarded during the financial year. Other compensations comprise of all compensation-like awards, which cannot be included in the above-discussed standard categories. The numbers included in the fiscal compensation report do not comprise a variation in the pension value as well as non-qualified delayed compensation earnings. Source: http://blogs.marketwatch.com/thetell/2014/05/27/why-nabors-ceo-wont-top-best-paid-bosses-list-again-in-2014/
For decades, Lloyd Grove has focused on making his independent decisions and building his career without worrying about colleagues who were outdoing him across various fields. However, this attitude changed when he came across a 2014 list of high paid CEOs in the world and at the top position was his former college roommate, Anthony G. Petrello, with an annual net salary of $68.2 million. Grove states that Petrello was one of the outstanding students in both academic and non-academic matters during their college years.
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