Anthony Petrello Runs Over $27 Million In Compensation At Nabors

Anthony Petrello is the CEO and Chairman of Nabors Industries and he has brought some great programs to the company over the years to become one of the nation’s highest paid CEOs. His base pay is just over $1.5 million, but his total compensation that includes bonuses, stocks, equity, liquid assets and other miscellaneous pay exceeds upwards of $27 million. Much of this is because of the profits Nabors brings in being one of the world’s largest oil drilling contractors.

Petrello joined Nabors Industries in 1991 as Chief Operating Officer, but before that he was an attorney for large corporations including them at a major New York law firm. He began as an associate there but was soon promoted to partner. His expertise included hedge fund regulations, SEC matters, overseas investments, tax compliance and internal corporate affairs. Anthony Petrello received both his bachelor’s and master’s degrees in Advanced Mathematics, and then completed his J.D. at Harvard law.

In addition to being a highly paid CEO, Petrello is also a family man and philanthropist which in some cases overlap with one another. His daughter Carena suffers from periventricular leukomalacia for which there is no cure, and Petrello has had to face the reality that his daughter will deal with it every day of her life. But he hasn’t given up that one day a cure will be found, and at the Dan and Jan Duncan Institute where Petrello has made many friends, he’s given over $7 million to research in neuroscience and advanced medical technologies.

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