The Life of Tony Petrello as a Philanthropist

Tony Petrello, a name vastly known in the business industry, is more than just a man whose life is based on personal success. He studied at Yale University and graduated with a Bachelor of Science degree in mathematics and later a Masters in the same course as well. To add onto his already impeccable education status, he graduated from Harvard Law School with a Juris doctor. This was the beginning of a lifelong successful career path that even saw him mentioned in the top-paid CEO’S list in the United States of America.

In 1991, Tony became the deputy chairman, president and chief operating officer of Nabors Industries. Nabor Industries is an oil, natural gas and geothermal drilling company, which is the largest land driller in the world. Tony Petrello did shine a light to this company with his brilliant compensation ideas that saw the company pay him millions of dollars. He also helped the company with improving its finances, and he was hired when the company was undergoing recession and financial hurdles.

The late 90’s was a life-changing period for Petrello, as one of a parent’s greatest fears struck him. His wife gave birth to their daughter Carena. Born prematurely, Carena weighed only 20 ounces at 24 weeks. She was diagnosed with periventricular leukomalacia (PVL). This was a setback to Carena’s development as it resulted to her having cerebral palsy –the lack of oxygen in the brain. Her condition became a driving force to her father’s philanthropic journey.

Both Tony and his wife Cynthia were determined to get answers as well as help other children who suffered the same neurological disorder as their daughter by giving back to the society. Tony Petrello donated $7 million to the Texas Children’s Hospital. This was to help improve the facility where his daughter was on a day-to-day basis. This raised the hospital’s level of treatment to top notch. Later on, Tony met Dan Duncan, Chairman and Director of Enterprise Products.

Dan Duncan and his wife Jan donated $50 million that foresaw the building of the Jan and Dan Duncan Neurological Research Institute. This center sits on 300,000 square feet within the Texas Children’s Hospital. This was a huge stepping-stone towards the improvement of the hospital from employment of world leading doctors and surgeons to state of the art equipment, which is now seeing many children receive better healthcare and treatment. This has been a big breakthrough for children seeking medical services.

To Learn More : https://gazetteday.com/2017/07/the-real-story-behind-anthony-petrellos-success-as-ceo-of-nabors-industries/

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