Being a captain of industry is not as easy as it looks. Many fail miserably at it while others make it look easy. Anthony Petrello has had a knack for the latter. It is a testament to the 62-year-old CEOs natural brilliance. When Nabors Industries hired Mr. Petrello to be their COO back in 1991, they knew they were highering a polished Harvard educated corporate lawyer from Baker & Mckenzie, a top law firm. However, no one could forecast the impact a genius would have on the fortunes of the company. Mr. Petrello was a math whiz who made his way to Yale University. There he earned a BS and later an MS in mathematics. The nexus seemed to be a Ph.D., but Anthony Petrello had other plans. Instead, he chose a career in law. His next stop was Harvard Law School where he achieved his JD.
That set him on the corporate path ultimately leading to the boardroom at Nabors Industries. His intellectual prowess extended beyond numbers and mathematical equations. He proved himself a proficient corporate lawyer and an equally adept executive.Nabors Industries is the most substantial land-based driller for oil and natural gas in the world. The company has no less than 500 rigs working in 25 countries. Since becoming the company’s CEO in 2011, Mr. Petrello has begun strategic initiatives which have impacted the bottom line. These initiatives have called for the more significant implementation of technology. That has led to enhancements in safety, productivity, and profitability. Today Nabors is known for its high-efficiency drilling operations.
As a result of Anthony Petrello’s stewardship, Nabors Industries is an $8 billion corporation, with 15,000 employees around the world. The company’s shares trade on the New York Stock Exchange, and Nabors Industries is part of the S&P 500 Index. The index of the 500 largest publicly traded companies in the United States.For his leadership and results as the top employee, Mr. Petrello has been well rewarded. In 2015 he earned $27,512,939 in total compensation as CEO of Nabors Industries. In fact, he would have been the top paid boss in America that year. However, the executive pay package was graciously adjusted to give more money back to the company’s shareholders. Genuine leadership is never greedy.