Focus on Anthony Petrello’s Background and Roommate’s Take

Anthony G. Petrello or Tony has been the CEO of Nabors Industries Ltd., since his appointment on October 28, 2011 and its president from 1992. He previously held the position of the Chief Operating Officer of the company since 1991. Prior to joining Nabors Industries Ltd he had been at the Baker & McKenzie Law Firm from 1979 -1991. Petrello was a Managing Partner at the New York office of the firm from 1986 to 1991. Anthony Petrello was awarded a J.D. degree at the Harvard law School and further B.S. & M.S. degrees in Maths at Yale University.

Board Memberships

Tony Petrello holds several board memberships among them being the Board Chairman at Nabors Industries Ltd (from June 2012), he had served as the Deputy Chairman from 2003 – June 2012. He was a Stewart & Stevenson, LLC director (February 28, 2011) and at Nabors Industries Ltd from 1991. He is a director of the Texas Children’s Hospital, Incorporated. He at one time served as the director of MediaOnDemand.com.

Review of Lloyd Grove’s article on Petrello

He does not usually concern himself with the rankings of the top paid CEOs until sometime back when he spotted Petrello ranked as the highest paid CEO on nri.texaschildrens.org with a compensation of $68.2 million. Lloyd had to conduct a small research on the website of Nabors Industries, earth’s largest oil and gas drilling contractor on land, to establish that it was indeed Tony.

College Days

Tony was the typical public-school scholarship kid from the Newark working-class. He was skinny, had a thick Jersey accent, eager demeanor and loud mouth which stood out in the student population. He was an Italian-American extrovert who during the almost inedible lunches joked about his family supposedly connections with the mob. Tony was a wicked-smart whiz in Maths and always scribbled arcane theorems’ proof on napkins (greasy ones especially) and operated at a genius level at 18 years. Tony Petrello became the protégé of a world-renowned mathematician Prof. Serge Lang. Tony however, chose to do law instead of advancing in the mathematics field.

Early Career and Family Life of Tony

Grove lost touch with Tony during the 1980s. Grove explains that Tony spent this time working at Baker & McKenzie Law firm on Bloomberg before he got a job offer from Nabors Industries based in Houston, which was an important client to the firm. In 1991, Tony became Nabors Industries president and chief operating officer. Tony married his college sweetheart Cynthia Carrafa, who is an actress in soap-operas and producer. The couple later on turned to philanthropy and provided $7 million to fund Texas Children’s Hospital’s neurological research center. This was after their daughter, Carena, was prematurely born and later developing cerebral palsy.

He was not able to get him on the telephone as he was out. He however, received an email from Tony about a life lesson that between being smart or lucky – lucky is better. See: http://people.equilar.com/bio/anthony-petrello-nbr/salary/503049#.WFgTQSMrJNQ

The DeVos Family Are Education Reformers

The DeVos family of Michigan is among the wealthiest and most generous in the nation. Patriarch Richard DeVos Sr. is the co-founder of Amway products. He son Richard DeVos “Dick” DeVos is a huge educational proponent. He and his wife Betsy have both done yeoman’s work in changing the landscape of education in the state.

 

Not only has DeVos served on the Michigan State Board of Education, he is supports school voucher programs and magnet schools and school choice. He even has an aviation academy for lower income students who want to know more about science.

 

Betsy DeVos heads a number of important boards that make education their top priority. Mrs. DeVos says she is very happy to learn that more and more states are opening up to school choice. She admits that the idea wasn’t very popular in the beginning and it took some prodding to get people on board.

 

The school voucher programs have taken off like wildfire, and 17 states have passed laws regarding educational programs.

 

Mrs. DeVos believes in reform. It’s been something she’s been fighting for for a long time. As a college freshman, she knew it was her calling to get Michigan’s educational system on par with other states.

 

While she admits that Michigan has more work to do, the results to date have been nothing short of miraculous.

 

 The DeVoses also have a foundation that helps individuals seeking to find better schools.

 

Richard DeVos briefly delved into politics about ten years ago. His unsuccessful bid to unseat Michigan Democratic Governor didn’t pan out they way he wanted, but he says he isn’t ruling out a future run.

 

 The DeVoses have four grown children. The currently live in Grand Rapids Michigan.