After Hurricane Harvey, the people of many Texas cities found how what many residents of cities would like to know. That is how much companies care about the communities they do business, especially after a disaster. This hurricane did widespread damage to homes not only from the initial storm but the flooding that occurred throughout the state. This resulted in a high demand for food, water, and other supplies. To answer this demand several Houston businesses began helping immediately afterward. This included the Houston Food Bank, H-E-B and Nabors Industries that were early to help hurricane and flood victims.
This is not unusual for Nabors Industries to help out the community since the local drilling company employees often participate in community projects and the company gets involved in fundraisers and special events. This is one area that CEO Anthony Petrello is steadfast in his belief is to give back to the community is essential for the company.
The Nabors Industries employees took time off from work to help after the hurricane and went where ever they were needed. The company offered the employees taking time off work to help paid time off and they were sent to various locations along the coast. The company and employees started a disaster relief fund and Tony Petrello matched the contributions. In the end, the total of the Nabors Disaster Relief Fund totaled $173, 622 plus Mr. Petrello’s matching donation. This disaster did not only affect others about 10 percent of the Nabors Industries employees were directly affected by Hurricane Harvey. The company went further than just their fund the on-site kitchen for the company was used to cook large volumes of hot meals for local families three times a day.
This is not a unique effort by the company or the CEO since they donate to national organizations including Bike MS Foundation and Susan G. Komen Foundation. They also have their own Nabors Charitable Foundation that has donated more than $3 million dollars to employees and children in education scholarships.
Anthony Petrello is passionate about giving and education as the Nabors Industries CEO. He was raised in Newark and as a young man he studied hard to have a good future. He attended public school where he excelled Ph.D. level calculus and linear algebra. He was accepted into Yale University with a full scholarship. Mr. Petrello gained the confidence of well known mathematical theorist Serge Lang who had a young Anthony Petrello assist him with his work in number theory. After attending Yale Mr. Petrello left his math skills behind to attend and study human sciences at Harvard Law School.
Search more about Anthony Petrello: http://blogs.marketwatch.com/thetell/2014/05/27/why-nabors-ceo-wont-top-best-paid-bosses-list-again-in-2014/