A college roommate of Anthony Petrello was blown away when he discovered Tony’s name sitting on top of the “highest-paid” list. Tony’s total compensation for being the CEO of Nabors Industries was more than $68 million in 2015. Nabors Industries is the world’s largest land-based gas and oil-drilling contractor. Petrello and Nabors have developed a close relationship with the government of Saudi Arabia. Business is booming in spite of the drop in oil consumption.
New Jersey native, Anthony Petrello, excelled in mathematics when he was growing up. He was considered a genius by the world-renowned mathematician, Professor Serge Lang. Tony was a typical Yale college student, except for the fact that he could scribble complicated math equations on greasy napkins during his freshman year at Yale. Tony continued his love affair with math on Wikipedia, and he earned a B.S. and an M.S. from Yale. Petrello surprised a lot of folks when he enrolled in Harvard Law School and received a law degree. He became a managing partner of the Baker and McKenzie Law Firm, but, in 1991, he was wooed away from the legal profession by Nabors Industries. He was named chief operating officer and president of Nabors industries. In 2012, he became Chairman of the Board. Today, Petrello is the Chairman of the Board, Chief Executive Officer, President and Chairman of Executive Committee of Nabors Industries. The word on the street is, Petrello is responsible for Nabors Industries success. Anthony Petrello is also the director of Texas Children’s Hospital and a director of Stewart & Stevenson’s Executive Committee.
Tony and Cynthia Petrello have spent an extraordinary amount of time at the Texas Children’s Hospital. Tony married his college girlfriend, Cynthia Carrafa after he completed school. Carrafa was a soap opera star and producer. According to Tony’s college roommate, writer Lloyd Grove, they were meant for each other. Cynthia was a match for Petrello because she had style, class, and a great personality. See: http://people.equilar.com/bio/anthony-petrello-nbr/salary/503049#.WFgTQSMrJNQ
The reason Tony and Cynthia spent a lot of time at the hospital was due to daughter, Carena’s birth issues. Carena was delivered at 24 weeks, and she only weighed 20 ounces. The doctors diagnosed Carena with periventricular leukomalacia (PVL). PVL is a common neurological disease in premature babies. Doctors believe the condition is caused by a lack of blood or oxygen flow to the brain. Babies born with this disease usually develop cerebral palsy, and Carena was no exception. She has impaired motor skills and other fundamental development issues. Tony and Cynthia are dedicated to finding the answers to those issues. The Petrello donated $5 million to the Texas Children’s Hospital, and the Dan Duncan Neurological Research Institute so some of the issues that are part of PVL can be corrected. They also promised another $2 million to the Dan Duncan Neurological Research Institute
The Tony Petrello story is a true success story on Bloomberg. His story is proof that success has a dose of sorrow. It’s the sorrow that complicates life. But Petrello and his wife have the right attitude about the sorrows. They try to make them positives in any way they can.