It looks like Tony Petrello has been feeling very philanthropic of late. He recently donated $5 million to a research project. On top of that, he plans to add an extra $2 million later on. Tony not only plans to contribute but also to spearhead a fundraising that will serve the same purpose. Tony is one of those individuals who are very aware of how life can be full of surprises. To him, life is full of miracles. To him, seeing his daughter, Carena having breakfast is a miracle because he has seen her struggle to chew solid food to the point that she can now have breakfast on her own. That required a lot of strength and also determination.
It may not be a miracle for anyone to see a child eat, but to Tony Petrello, this is a heaven-sent gift given the fact that his daughter has a neurological condition which makes it difficult for her to learn some of the things that are considered normal for other kids to learn. She is already eight years old, and she is yet to learn how to walk and talk. Her condition developed as a result of being born prematurely. During her birth, she had little oxygen which led her to develop cerebral palsy which results in developmental delays.
As the CEO of Nabors Industries, Tony, and his wife are forced to figure out the issues that their daughter is now facing. His company is rated as the largest drilling company in the entire universe. Tony also plays as the Chief Operating Officer of the company. Aside from that, Tony is a member of Texas Children Hospital Board of Trustees. Tony and his wife joined the organization due to their daughter’s condition which is a difficult one to deal with.
The journey of Tony Petrello began when he graduated from Yale University with a Bachelor of Science degree in Mathematics. That did not stop him as he went ahead to acquire a master’s degree in the same field from the same university. After that, he went to Harvard Law School, where he graduated with a Juris Doctor.
He joined a law firm known as Baker & McKenzie in 1979 and became a Managing Partner in 1986. In 199, he resigned from his position and joined his current company Nabors Industries the same year. He became a member of the executive committee board and later became the deputy chairman in 2003. In 2011, he became the CEO.
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Tony Petrello is the CEO of the largest land driller of oil, gas, and geothermal, Nabors Industries. He has worked with the company for over three decades. In 2014, he was the talk of the town when he emerged as one of the best paid CEOs in America earning over $68 million that year. With such a huge income, Tony Petrello has developed a habit of donating to charities. When his daughter Carena was born with a neurological condition, Petrello gave over $7 million to Texas Children’s Hospital. The medical facility would utilize the funds to research about neurological conditions in kids and how to alleviate the condition to allow children to enjoy childhood just as healthy kids do.
As if that was not enough, Petrello is spearheading efforts to attract more donors to fund the Texas Children’s Hospital. One of Petrello’s greatest achievements in attracting new donors occurred in 2007 when he convinced Dan Duncan, the Chairman and Director of Enterprise Products, to give $50 million to the Texas’s based medical facility. The hospital utilized Duncan’s funds to construct the Jan and Dan Duncan Neurological Research Institute that opened its doors in 2010 situated somewhere within the hospital.
Petrello will be contributing annually to a prize in honor of Serge Lang. Before his death, Lang was a professor of math at Yale University. While Petrello was an undergraduate student at Yale pursuing math, he met Lang. The two became friends partly because Petrello and Lang had a common interest: mathematics. Lang influenced Petrello in a number of ways, and he (Petrello) regard him as a mentor. Petrello will be donating $150,000 annually coupled with additional giving to match any gifts presented up to a maximum amount of $150,000.
Petrello was brought up in Newark, New Jersey. He was born to a modest family, and he attended poorly funded public schools. He developed a passion for mathematics at an early age, and he was awarded a full scholarship to attend Yale University when he impressed many with his excellent grasp of calculus and linear algebra. However, he later quit Yale for Harvard Law School.
Presently, Petrello is the CEO, Chairman of the Board, and Chairman of the Executive Committee of the Board of Nabors Industries. He started working for the company beginning in 1991 as an elected member of the Nabors Board of Directors and the Executive Committee of the Board. Petrello is vocal about the competitive remuneration of over 100,000 staff members that work under him.
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When it comes to aspects of management capital, some names always come up due to their incredible work in this field; Sahm Adrang is one of such names. He is the founder of Kerrisdale Capital Management and is also the Chief Investment Officer of the organization. Sahm has been involved in the running and management of this firm since the year it was founded, 2009, and he has also been in charge of its development. The firm is best recognized for publishing research and short selling, in which his firm provides information regarding stocks that seem to confuse the market; for instance, issues regarding overhyped shorts and under-followed longs.
Sahm Adrangi first came into the limelight when he exposed some fraudulent companies in the year 2010 and 2011. The firms he exposed became subject to disciplinary actions by the Exchange and Securities Commission. While his firm provides research information on a wide range of industries and companies, in the recent years, he has mobilized resources of his firm in few specific sectors where the firm has really gained expertise. One of such sectors includes biotechnology, in which his firm has published some research regarding development stage companies such as Sage Therapeutics, Pulse Biosciences and many others. Moreover, his firm has also specialized in the mining sector whereby Adrangi has researched valuations in the mining industries. Finally, Sahm Adrangi has specialized in the telecommunication sector. He has published research regarding numerous aspects such as Dish Network as well as Globalstar.
Apart from publishing research, Sahm Adrangi also performs activist roles when it comes to investment. In the year 2013, he engaged with Lindsay Corporation management to enable the firm in optimizing capital allocations as well as cash deployment policies.
Kerrisdale Capital Management has been very successful in the recent years due to the recent access to capital. The firm received capital amounting to $100 million from its investors to bet in the market against a single stock. The investment funds of this firm appear to be unique in the market. Unlike other investment firms, this firm wants to use its fund to short the stock as it nears being unveiled as a public company.
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