Tony Petrello is considered as one of the most successful executives in the USA, and to some, he is a legend in the corporate world. He started his career from scratch and gradually went to the apex of success when he became one of the most influential and top paid CEOs in the USA. His dedication to work, ambition, and career is truly an inspiration for all the executives in the country and abroad.
Tony completed his B.S and M.S. degrees in Mathematics from the prestigious Yale University, and he also has a J.D. Degree from Harvard Law School. Since his academic life, Tony Petrello was considered as extrovert, witty and a person of eager demeanor that made him stood out in the crowd. One of his classmates, Lloyd Grove, mentioned him as an Oligarch in one of this article published in The Beast and also expressed his wonder behind the immense success of his friend.
When Tony completed his law degree, it was obvious for him to join Baker & McKenzie in 1979, one of the most popular law firms in the country. While working here, Tony had to deal with some complex issues that included but didn’t limit to taxation, international arbitration as well as general corporate law. With his dedication and hard work, he became the managing partner of this firm served here till 1991. In 1991, Tony’s biggest breakthrough in professional life took place when he was appointed to the Board of Directors and the Executive Committee of the Board of Nabors Industries. Nabors Industry is one of the biggest oil, natural gas, and geothermal drilling companies throughout the globe. They have operations in more than 35 countries, and they also provide well-servicing, offshore drilling, rig servicing support. In his career with Nabors Industries, Tony made a significant contribution to this organization and provided strategic guidance that helped this company to excel. In recognition of his hard work, he was elected as the Deputy Chairman of this company in 2003 on LinkedIn and continued his career as the deputy of the previous CEO, Eugene Isenberg. In 2012, Tony was appointed as the Chairman of the Board and Chairman of the Executive Committee when Isenberg stepped down from the position.
Working in Nabors Industries is equally challenging and rewarding for Tony. He has been a transformational leader and made a significant contribution to this giant organization with 30,000 staff and billions of dollars in annual revenue. In return, he is provided with a massive compensation package that made him one of the top-paid bosses in the USA in 2015. His annual package for this year was $27,512,939. He would have made to the list in 2014 as well if there weren’t any corporate governance and compensation practices.
In addition to serving Nabors Industries, He is also serving as a Director of Stewart & Stevenson LLC and Hilcorp Energy Company. He is married to Cynthia Carrafa, a soap-opera actress, and producer and has a daughter named Carena who was diagnosed with leukomalacia. This incident touched the couple deeply, and they responded to this with their philanthropic initiatives on fuelfix.com to some social causes including generous contributions to Texas Children’s Hospital Jan and Dan Duncan Neurological Research Institute.