Tony Petrello’s Nabors Industries Leads The Response To Hurricane Harvey
In the 21st-century, the number of natural disasters affecting coastal regions of the world seems to be increasing but for Tony Petrello of Nabors Industries, the need to assist with these problems continues across the long term. The Newark-born Chief Executive Officer of Nabors Industries has created a team of individuals who have all become closely involved in local life and assisting with the local community issues which came to the fore during the recovery and cleanup effort following Hurricane Harvey; so dedicated to assisting the people of Houston and the local community was Tony Petrello he granted his employees paid leave for their efforts to assist with the local problems caused by the hurricane.
Giving his own time and the time of his employees without fear of losing income was not the only aspect of the involvement of Petrello following Hurricane Harvey; instead, Tony Petrello has made it clear he believes his own income and support should be used to assist others through matching donations to assist those in need across many areas of the Texas community. In total, the employees of Nabors Industries and the company CEO provided almost $350,000 in donations to the various funds designed to assist those affected.
Tony Petrello has made a habit of building strong links between himself and the community in Texas and across other aspects of his life as giving his time and donating his time to good causes has become a major part of his philanthropic work. Remembering his former mentor at Yale University, Professor Serge Lang also highlighted the generosity of the Petrello family as the memorial service for the educator and mathematician marked the establishment of an endowment fund aided by a $150,000 donation from the Nabors CEO; Petrello later discovered many of his fellow alumni were donating to the cause and decided to match these donations to the value of a $150,000 level.
As his own salary is linked directly to the success or failure of Nabors Industries, one would expect Tony Petrello to be driven by the capitalist dream but he has often been an outspoken critic of the profit at all cost approach of Wall Street. In response to a recent period of growth for drilling brand, Tony Petrello made clear his belief in growing the corporate responsibility aspects of the company over the course of the coming years.
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