Anthony G. “Tony” Petrello came from humbler beginnings than his Yale classmates. Highly intelligent, he received a full-ride scholarship to Yale, where he became a protégé of Prof. Serge Lang, world-renowned mathematician. A native of Newark, New Jersey, Anthony Petrello was a bit louder, more forward and “eager” than his fellow Yalies, but no one could deny his mathematical genius. Former classmate and Daily Beast editor at large Lloyd Groves described him as like the eponymic character from Good Will Hunting, a guy who scribbles complex mathematical theorems on dirty napkins.
Petrello earned a BS and MS in Mathematics from Yale before flipping the script completely to attend Harvard Law School.
After receiving a JD from Harvard Tony Petrello worked for Manhattan firm Baker & McKenzie from 1979-1991. He was made managing partner of the New York office in 1986. In 1991 one of the firm’s largest clients, Nabors Industries, brought him on as director, making him President a year later. Petrello is now serves the President, CEO, and Chairman of the Board for Nabors.
His current Board Memberships are:
Texas Children’s Hospital, Inc.
Chairman of the Board, Chief Executive Officer, and President
Nabors Industries Ltd.
Stewart & Stevenson, LLC
Groves received an email from his former roommate while researching an article. Petrello wrote in part: “One life lesson I have learned is that between being smart or being lucky—lucky is better…I have been extremely fortunate in work” and more information click here.
Petrello, of course, minimizes his own intelligence a bit here, though he certainly has seemed to be in the right place and right time during his professional life. Unfortunately, he and his wife, Cynthia, have suffered terrible misfortune in the health of their only child, Carena and learn more about Anthony.
Carena was born extremely premature at 24 weeks with periventricular leukomalacia (PVL). A lack of oxygen at birth lead to her developing cerebral palsy. Her developmental delays are so severe that, at eight years old, Carena learned to chew and swallow on her own, a milestone regarded as miraculous by her parents.
The Petrellos are active in philanthropy, and their generous $7 million donation in seed funding for a neurological research center at Texas Children’s Hospital was most certainly inspired by their love for their daughter.
Petrello willingly took a large pay decrease in deference to Nabors shareholders. In 2014 Petrello’s income went down from being one of the highest CEO salaries in the US in 2013 to about $27 million in FY 2015 (total includes stocks, bonuses, and other compensation).
Other changes included splitting the roles of chairman and CEO, capping severance packages for outgoing executives at three times the executive’s salary plus bonus, and allowing anyone with at least 5% stake to be elected to the board of directors and Anthony’s lacrosse camp.