Tony Petrello truly is a self-made man. According to Lloyd Grove in his article in “The Daily Beast”, he knew Tony when they went to college together at the age of 18. During that time Tony was a math genius and your typical geek. He was the tall skinny kid with the loud mouth and dry sense of humor, and he stuck out in 1972 like a sore thumb.
Tony Petrello was the protege of Professor Serge Lang, the world-renowned mathematician. Even at such a young age, Tony Petrello could be seen as a prodigy in the field of mathematics. He was already challenging the theories of his day, creating his own, and pushing the field of mathematics beyond where it currently was. It was a shocker to everybody when he opted out of mathematics and decided to pursue corporate law.
From that time on, Lloyd Grove did not see Tony Petrello over the next few years. Needless to say, he was surprised when he looked at the Associated Press’s release of the top paid CEOs of 2013 and saw that his old buddy Tony was on it. How exactly did Tony get to that position? How did he rise up from the field of mathematics to go and become a multi-billionaire?
Tony Petrello was a graduate of Harvard Law School with his bachelor’s degree in law. He then pursued a master’s degree in mathematics from Yale University.
In the year 1979, Tony Petrello would begin working at the law firm Baker & McKenzie. He held a position there until 1991. Here he was the managing partner of the New York office, a position which he held for five years. From there, he would become a director of Stewart and Stevenson. He would leave that post in 2011.
Anthony Petrello made most of his money working for Nabors Industries. He became the chief executive officer in 1991. He would then become the president of the company in 1992. He would also become the chairman of the board in 1993 and hold all positions for nearly a decade. In 2015, his total compensation package was well over 15 million dollars. Tony was able to command this large package because under his leadership Nabors Industries stock went up 180%. While in 2014 there was a small bump in the road, in 2015 all the executives received the compensation package they deserved.