There are not a lot of people who know that Anthony Petrello is one of the most earning CEO in the United States today. Mr. Anthony Petrello brought over 60 million dollars in the year 2013, and this is one of the main reasons behind him being one of the highest paid CEOs. This figure was more than twice of the money he made in the year before. This made him end up on the list of highest paid CEOs in the country. However, this will not be happening in the year 2014.
Mr. Anthony Petrello currently serves as the Chairman of Nabors Industries. Nabors Industries is basically an oil business company. The company’s main focus is in contract drilling. There have been a lot of news regarding the company’s acquisitions in the following: http://yaledailynews.com/blog/2006/02/21/alum-endows-prize-in-memory-of-lang/ click here.
This company has 500 rigs in more than 20 countries that are active as of now. Nabors Industries has the biggest fleet of rigs on land. As the business of Shale fracking is on the rise, these particular drilling rigs are in high demand.
Mr. Anthony Petrello used to work for Baker & McKenzie, a law firm before he joined Nabors. He was involved in corporate taxes field in that company. It was Mr. Petrello’s abilities in this field that helped Nabors’ ex-chairman, Eugene Isenberg, to expand the company. This all happened back in the year 2002. The company went offshore in order to reduce its taxes. The headquarters of the company kept on going in Houston.
This was considered to be controversial decision. A lawsuit was filed against the company, but it was ruled out by the federal judge in the state.
Mr. Anthony Petrello became the CEO of the company in 2011 and then chairman of the board, the next year. The value of the company increased rapidly when Mr. Petrello became the Chief Executive Officer.