In 2015, Anthony Petrello was the highest paid CEO. He was paid in excess of $68 million that year. His employer, Nabors Industries, is one of the world’s leading oil and gas drilling companies. They felt Petrello was worth that and more because of the efficient and effective way he performs his operating functions as well as his visionary direction and the strategic planning initiatives he has put in place.
While people in the working-class Newark, New Jersey neighborhood in which Anthony Petrello was raised were not surprised he was successful, they did not anticipate it would be in the oil and gas business.
Petrello was a math whiz in high school and earned a scholarship to Yale. There he earned his B.S. and M.S. in mathematics while studying under Professor Serge Lang, the famed mathematician. Instead of pursuing a career in mathematics, Petrello opted instead to attend Harvard Law School. After earning his J.D., he accepted a position with the internationally known New York law firm Baker & McKenzie. There he did such a phenomenal job Nabors Industries, one of the firms biggest clients, hired him as president and COO in 1991.
At Nabors Industries Petrollo’s work was so impressive he was promoted to deputy chairman in 2003, CEO in 2011 and chairman in 2012. Anthony Petrello also serves in a leadership positions with a number of other companies. Plus he is committed to philanthropy. When his daughter Carena was diagnosed with cerebral palsy, Petrello gave Texas Children’s Hospital $7 million to help set up a neurological research center. Today Petrello remains intimately involved with Texas Children’s Hospital and gives generously to a number of philanthropic organizations and charitable causes.
Anthony Petrello has used his time, talent and energy to benefit not only his employer, but countless people worldwide.