Nabors Industries is an oil, gas, and geothermal drilling company based in Hamilton, Bermuda. As at 2016, the company’s revenues stood at $2.228 billion. Presently, the company has over 30,000 employees working in America and other countries. The CEO of the company, Tony Petrello, is a little-known intellectual who has dedicated his life to making Nabors the leading land driller in the world. Although Petrello is currently well-off, he experienced some challenges while growing up.
Petrello’s journey began in Newark, New Jersey. The young Petrello grew up among hardworking adults who instilled important values in his life that he still holds dear to date. According to the residents of Newark, while hard work is important, honesty and integrity come before all else.
Many people who have worked with Petrello are mesmerized by his level of integrity and honesty.
The young Petrello attended unassuming public school with insufficient funding. He quickly developed a liking for mathematics, and a few years later, his passion handed him a scholarship to study at Yale University. The scholarship became a gateway to Petrello’s current success. Also, Petrello’s parents were excited at the prospects of him joining Yale; a university they may have been unable to cater to their son’s tuition fee.
In the university, Petrello never disappointed; his love for numbers deepened. Students and tutors alike were perplexed at his flawless mastery of mathematics. His exceptional knowledge got the attention of Serge Lang, one of the leading mathematical theorists in the world. The two worked together on various issues including Lang’s number theory. However, deep inside, Petrello was unsatisfied; his love for mathematics quickly faded, and he left Yale. He joined Harvard School of Law to pursue his new passion: law.
Petrello completed his studies at Harvard and continued with postgraduate studies before joining the corporate world. Before Nabors Industries hired him, Petrello worked with Baker & McKenzie; he was the Managing Partner of their New York office. Petrello held different positions in Nabors for many years before he eventually became the company’s CEO.
At the helm of Nabors Industries, Petrello is leading by example. He believes that company executives should be considerate of junior staff, especially regarding their remuneration. He has observed with concern that some business leaders award themselves hefty salaries at the expense of lower cadre employees. 80% of his pay depends on the company’s performance, and in 2016 he earned over $16 million. What a hard-worker?
Learn More: en.wikipedia.org/wiki/Nabors_Industries