Tony Petrello is most known for once topping America’s lists of highest-paid bosses, making a large compensation of over $68 million in 2013. The industry Petrello has been working in is oil drilling contracting and technology development since his ascension to the executive boards of Nabors Industries in 1991. Under Petrello’s guidance Nabors Industries has patented technology including horizontal well drilling, offshore modular rigs and other land-based equipment. He’s also been responsible for the company’s strategic initiatives and overall direction. But he’s also not as well known for his philanthropy in Houston, TX, which has been generous towards neurological research.
The reason this field has sparked his generosity is because he has a young daughter who was born with periventricular leukomalacia, and today struggles with cerebral palsy. Petrello didn’t know what to when he found out the news that she had an incurable disorder, but he did decide he could help future newborns who might have the same condition. So he started an initiative to which he has contributed over $7 million to the Texas Children’s Hospital’s Dan and Jan Duncan Neurological Institute. Petrello has been close friends with the Duncans and believes if more people come to understand the advances in medicine and the importance of this awareness, young lives can be saved. Learn more about him.
Petrello has been with Nabors Industries for about 25 years, but before that he practiced corporate and financial law. He received his J.D. at Harvard law school and joined Baker & McKenzie as an associate. He was promoted to partner in 7 years and advised clients in tax compliance, business structuring, offshore investing and other hedge fund matters for 13 years. He originally looked into going into becoming a mathematician after studying in the field at Yale University and receiving both a bachelor’s and a master’s degree in advanced mathematics.