Anthony Petrello is Among the Highest Paid CEOs

Although Anthony Petrello is unknown in most American households, he is regarded as one of the most important and best-paid people in America. It is true that Anthony Petrello is not on the screens of the television like most politicians, but he is among the people who have helped craft the American life.

In 2014, he was ranked among the highest paid Americans. Case in point, his salary in 2014 totaled to $68.2 million as he worked with Nabors Industry. His 2014 salary was a 246% increase from what he had earned in 2012. His salary in 2012 had earned him a place in AP and Equilars lists of the highest paid CEOs in the America. He would have been unable to retain this title in 2014 owing to the reactions of angry shareholders who may have felt depleted, but Anthony did it anyway.

Although most people would envy Petrello’s high hearings, they are earned genuinely. He deserves every coin he earns as he is very hardworking and pivotal in the American economy. Tony is the Chief Executive Officer and President of Nabor Industries. Nabors is a leading natural gas and oil drilling Organization. The Company is not a producer of oil but is an oil field service driller and contract driller that have had voracious acquisitions over the years. It has over 500 rigs, which are in active use in 25 countries.

Nabor got into the Nabors Board of Directors in 1991. Before that, he worked in the Baker and Mackenzie Law Firm, where he was corporate tax specialist. In 2002, Nabors chairman Eugene Isenberg managed to take the company offshore in 2002 as he incorporated it in Hamilton, which is in Bermuda. The above was done as an attempt to cut the company’s federal tax bills while still leaving the main offices in Houston. Most shareholders felt that the Bermuda company laws would rob them of their rights, causing most of them to sue the company for reversal of the move. Nevertheless, their attempts failed, and Nabor later moved to Ireland. However, these controversial moves made Inserberg be replaced by Anthony Petrello in 2011 as the CEO. Petrello also became chairman of the company board in 2012.