In 2014, Anthony Petrello was the highest paid CEO in the United States. His salary was $68.2 million. Anthony Petrello was raised in Newark, New Jersy. At a young age, Petrello realized that success is the result of hard work. After learning to read, he became a prodigy. While in high school, Anthony excelled at advanced mathematics. He got scholarship to study at Yale University.
At Yale, Anthony met his mentor Serge Lange. Petrello lost in interest in math after graduating from Yale. But, he earned a Bachelor’s and Master’s degree in mathematics. So, he changed his field of study. Anthony decided to attend Harvard Law School. Due to his discipline, he had the desire to learn various subjects.
Mr. Petrello and his wife, Cynthia Petrello, contribute more than a million dollars to charities on an annual basis. Anthony Petrello does not admire dishonest leaders. Nabors Industries has about 1,050 rigs providing rewarding jobs to more than 100,000 employees. The company is the biggest drilling contractor in the world.
Petrello worked as an attorney for Baker & McKenzie, specializing in international arbitration, taxation, and general business law. In 1986, he moved to Houston, Texas. From 1986 to 1991, he was managing partner at the firm’s office in New York. In 1991, Anthony was appointed to the Board of Directors and the Executive Committee of the Board at Nabors. He has served as President and Chief Operating Officer from 1991 to 2011. Anthony became the Deputy Chairman in 2003. Petrello has been the CEO since October 2011. He replaced Eugene M. Eisenberg. Petrello relocated the headquarters of Nabors from Houston to Bermuda so the company could lower its tax bill. The share price of Nabors increased by 180 percent. In June 2012, he became Chairman of the Board and Chairman of the Executive Committee of the Board.
Anthony is also the director of Stewart & Stevenson and Hillcorp Energy. He belongs to the Board of Trustees of Texas Children’s Hospital. Petrello supports research and clinical programs that focus on the necessities of children with neurological conditions. He believes that these children will have the hope of living a better life. Anthony has a daughter, Carena, who is diagnosed with periventricular leukomalacia (PVL). His social responsibility is shared with his alma mater as he created an endowment for his mentor Serge Lange, who was a Yale math professor who passed away.