Tony Petrello’s Career development and education background
Tony first received his joint degree in law and business at Harvard University. The joint degree means that he did the two courses as a single course. After his undergraduate studies, he undertook his master’s degree in Mathematics at Yale University. These academic qualifications have improved his marketability, and he has been considered for different posts in different organizations. He is currently holding three different board memberships in different organizations.
Why Petrello was not named the best-paid boss in 2014
Between 2012 and 2014, Mr. Petrello had risen in pay by 246%. His total pay by 2013 had been estimated to be $68 million. In 2014, things changed in leadership style. Nabors changed the corporate governance structure where the position of CEO and the chairman were split. The roles of both the CEO and the chairman were equally distinguished. Creating the second position where only one existed had to reduce the pay of the original holder. The shareholders were also allowed to elect someone with over 5% shares in the company as a board of director. These changes affected Tony Petrello annual pay, hence limiting his chances.
Tony’s career in Nabors Industries
Antony Petrello appointed as the president of Nabors in 1991. He held this position for two decades until he was appointed the chief executive officer of the same company in 2011. As the CEO, he served for about three years when the company announced the need to chance the corporate governance policies. The position of the CEO was separated from the chairman. This policy saw Tony assume the chairman position in 2014, a position he holds to this date.
Petrello served at different positions in three different organizations. He served as the president and CEO of Nabors Industries; he is also the current director of Texas Children’s Hospital. In his career, Tony became the director of Stewart and Stevenson’s Law Company.
Total calculated compensation as of the fiscal year 2015
The total compensation that Tony received in the fiscal year 2015 from all his positions are as follows: In total, he received $15 million. Out of this, he received $1.6 million as salary, $1.5 million as bonuses, $10.8 million stock award and $1.1 million from other forms of compensation to learn more: https://www.avvo.com/attorneys/77067-tx-anthony-petrello-845798.html click here.