Why Nabors Industries Would Collapse Without Anthony Petrello

There is one thing that an old horse has, and that is years of experience. In this world, an experience is all you need to succeed. To become a great leader, you not only need the passion to point people in right direction but also require some form of insight on how best to guide others on their path to greatness. On the brighter side, Anthony Petrello is a ‘work horse’ and a senior citizen who has been able to take Nabors Industries to its place of greatness. Today, Nabors Industries owes its success to CEO Anthony Petrello, who has shown that anything is possible provided that we set our focus on our goals.

It is in 2014 that Anthony did the unthinkable, negotiating a deal that saw him earn millions of dollars from salary alone. As the CEO of Nabors Industries, Petrello was able to overcome all odds and become the highest paid Chief Executive Officer in America at the time. However, such a high salary could not make sense if Nabors’ Industries, a privately owned oil and gas drilling company, was lagging behind on its productivity. Although Petrello is no longer the highest paid CEO in America, Petrello still receives whopping $60 million in bonuses.

Something fascinating about Tony Petrello is that before he joined Nabors Industries more than two decades ago, he had no prior experience on how to run an oil and gas drilling corporation. The only working experience he had at the time was the one he had gained as an employee of Baker & McKenzie, a law firm that he had joined only a couple of years back. Despite the shortcomings, Tony was able to use the little skills he had to strengthen Nabors Industries as a brand.

Very soon, Nabors Industries anticipates purchasing Tesco Corp through stocks. Although the company is still prospecting on the move, the deal will see Nabors Industries buying one share for around $5. If the acquisition gets done at the start of 2018, Tesco will have to keep possession of close to 10% of Nabors Industries shares. If the due date for the acquisition elapses without a successful transaction, then Tesco will have no other choice than to pay Nabors $8 million for forfeiting the agreement. As of now, spirits are high at Nabors Industries, all thanks to the relentless efforts of Tony Petrello.

Anthony Petrello Social Media: https://twitter.com/tony_petrello