Anthony Petrello is no ordinary CEO. He is as generous and caring as he is successful. Although his company, Nabors Industries, is a leader in the natural gas drilling industry and made him one of the top-paid CEO’s of 2014, helping others is a major focus of his. Specifically, after Hurricane Harvey hit the Houston area (Petrello’s home), Nabors Industries stepped up to assist immediately.
Employees donated $173,622 which Petrello matched with his own donation. He also gave employees paid time off for those who helped the people hit the hardest by this devastating storm. The company even placed an on-site kitchen to serve meals in the neediest area. The kitchen cooked residents three meals a day during this trying time. Despite the fact that 10% of Nabors Industries’ employees were affected by the hurricane, their generosity still shone through. These employees followed the example set by their leader, Anthony Petrello.
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Anthony Petrello may have learned generosity and a work ethic from his humble beginnings. He grew up in a working class neighborhood in Newark, New Jersey where his parents lived paycheck to paycheck to support their family. While he was growing up, he witnessed people in his Newark neighborhood caring for their neighbors and working hard. Anthony learned to work hard in school and eventually in business. He earned an undergraduate degree at Yale University and then a law degree at Harvard. He worked his way up to the position of CEO after 30 years of employment with Nabors Industries.
Petrello and his wife Cynthia donate millions to causes in addition to their generous contribution to the Hurricane Harvey victims. One of their interests is assisting the research regarding childhood neurological disorders. They donated $7 million to the Texas Children’s Hospital to further research efforts. The hospital used the funds to start the Jan and Dan Duncan Neurological Research Institute. The Petrellos have also donated funds to further higher education. In memory of Anthony’s late professor and mentor Serge Lang, they donated $300,000 altogether. Nabors Industries recently acquired Tesco, and as the company grows, so will their giving, according to Petrello. Other Houston charities have received donations from the Petrellos and Anthony and Cynthia are committed to continuing their generosity.
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