Anthony G. Petrello, sometimes referred to as Tony, is the Chief Executive Officer of Nabors Industries. The 61 year-old has held the position since 2011 and President of the company since 1992.
Before, he worked for the Baker and McKenzie law firm from 1979 to 1991 where he practiced law and was good at it. All this was thanks to his B.S. and M.S. degrees in Mathematics from Yale University and most importantly his J.D. degree from Harvard Law School.
Being at Nabors Industries, Anthony Petrello is tasked with main operations and planning. The company provides oilfield services from land and offshore drilling to even performing directional drilling. They are able to design their own software and technology that they construct and provide their own equipment so that they can accelerate operations quickly. This leads to Nabors Industries paying their employees a really nice salary. The company files with the SEC and in the 2015 financial year, Petrello has received a total amount of $27,512,939 which was a combination of his salary, bonus, and stock.
Even though he is the top executive at Nabors Industries, he closely looks after his daughter Carena who was born at 24 weeks with Periventricular Leukomalacia. This condition is caused by lack of either blood or oxygen to the brain. Petrello was determined to find the best pediatric research hospitals and so he found Texas Children’s Hospital where he donated $5 million dollars that was utilized for similar conditions that Carena has and continues to strive so that no other parent has to suffer.
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David Giertz, the well known financial expert and current, vice president of Nationwide Financial Distribution and Sales, recently took exception to the way that social security was being discussed, or rather and more to the point, not being discussed, on a recent episode of The Wall Street Journal’s short, online talk show, Wealth Adviser. Mr. David Giertz began the segment by stating that there is a looming problem with the way financial advisers are handling their clients, namely, problems concerning discussions surrounding social security. He notes that note enough fiscal professionals are talking to their clients about social security and gives a example from a consumer survey conducted by Mr. Giertz’s company on Instagram, The Nationwide Financial Institute, which showed that those who were presently retired and those who where ten years off from being retired, say, emphatically, that their advisers are not disseminating enough information about social security.
Mr. Giertz makes clear that this is not just a problem that could have potentially negative side effects for consumers, it will also have a detrimental effect upon a financial adviser’s respective ability to retain his or her clientele at https://soundcloud.com/davidgiertz. He backs up this warning by saying that the very same study which was previously mentioned also showed that four out of every five individuals noted in the survey stated firmly that they would change advisers if their present ones continued to leave them in the dark as regards social security.
There are some reasons for this lack of communication, according to Giertz, one of the primary reasons being that social security is a incredibly complicated business. So complicated in fact that very few financial experts reliably understand the material enough to impart the relevant facts to their clients. This is not, as some might here assume, due to laziness or some other such character flaw but simply due to the density of rules, regulations and other such information surrounding social security matters. Giertz notes that there are currently 27,000 rules in the social security handbook alone – now that is a whole heck of a lot of material to chew through!
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