Anthony Petrello And The Success Of Nabors Industries

Anthony Petrello has contributed his time and money to the research of neurological science at the Texas Children’s Hospital and has made millions working as the Chief Executive Officer for Nabors Industries. An old friend from college, Lloyd Grove, wrote an article about him in the Daily Beast. Describing him as an Italian-American who joked around easily with other students, and who was a math whiz.

His daughter was born premature, at 24 weeks, and was diagnosed with periventricular leukomalacia (PVL) when she was born. Petrello and his wife, Cynthia Petrello, tried to find answers to their daughters neurological disorder, but found there just wasn’t enough research being done to give them any answers. So, they donated $7 million of their own money, and Petrello became Director of the Texas Children’s Hospital in order to help.

Anthony Petrello also works with Nabors Industries, which is a $17 billion company. The company was founded in 1952, by a woman named Claire Nabors. She was able to drill, for the first time in the world, horizontally, and she hired men and women to work for her company. The success brought to Nabors the attention of the Guggenheim family, who owned a company called, Anglo Energy. They bought control of the company, and eventually went bankrupt. Eugene Isenberg and Marty Whitman saw their opportunity and bought into the company. Over time they have turned Nabors into one of the biggest, worldwide, drilling and equipment company that employs over 27,000 people.

See: http://people.equilar.com/bio/anthony-petrello-nbr/salary/503049#.WKHy57YrKRs

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