Consistent hard work and developing his natural talents are what helped to make Nabors Industries CEO Anthony Petrello a success. His caring soul molded by the ethos in the Newark, New Jersey community is which he was raised has fueled his commitment to philanthropy and is what drives him to give millions to charity each year. This explains how a kid with a love for math went from a working-class neighborhood with poor schools to earning scholarships to Yale and Harvard and became America’s highest paid CEO in 2014 when he was paid over $68 million.
People who knew Anthony Petrello growing say he spent his free time working on complex linear algebra and differential calculus math problems while other kids his age were out playing and having fun. They weren’t surprised when he got a scholarship to Yale to study under Serge Lang, a world-renowned mathematician. As expected, he got his bachelor’s and mater’s degree in mathematics. What surprised everyone was when he went to Harvard Law School, earned a juris doctor and was hired by white shoe law firm Baker & McKenzie in 1986.
Petrello’s legendary work ethic and intelligence led to him quickly becoming managing partner of the law firm’s Manhattan office. That got the attention of Baker & McKenzie’s powerful client, oil and gas juggernaut Nabors Industries. The company was recovering from financial issues when they hired Anthony Petrello as their COO in 1991.
He instantly turned the company around, signed the largest deals in their history and had them prospering again. As a result, they promoted Petrello to president, CEO and board chairman. In 2014, his compensation package exceeded $68 million.
At Nabors Industries Anthony Petrello made savvy investments, created thousands of high-paying jobs and earned the respect and admiration of others in the industry. Petrello also generously shares his wealth, regularly giving millions to charity each year. When his daughter was born with cerebral palsy, Anthony Petrello gave almost $10 million to Texas Children’s Hospital and helped them raise hundreds of millions to build one of the world’s best neurological treatment and research facilities. He also gives of his time, talent and resources to improve medical treatment for suffering children worldwide.
The success of Anthony Petrello, a kid from a working-class background, serves as an excellent example of what is possible when people use hard work to make the most out of their talents.
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OSI Group President, David McDonald, says the company has made serious strides in its processing and production units. This is attributed to therecent opening of a beef processing plant in Poland, modern feed mill in China and a host of other achievements. The expansion of OSI groups departments has increased its presence in the market. Under David McDonald’s leadership, OSI Group has acquired BahoFood, which operates in Germany and Netherlands. David decided to retain the employees in this acquisition because their expertise and experience are essential in improving service delivery as well as in strengthening the product portfolio.
OSI Group prides itself on its service delivery that spans over thirty years. The company has a tradition of offering innovative products and services, a legacy that David MacDonald has carried on. Under his tenure, the company has continued to have tight working relationships with in-house teams and regional managers. The responsibility of regional managers is to monitor local customer’s culture and trends, then communicating with the in-house teams who in turn tailor products to meet the preferences and tastes. McDonald says the company has always been able to engage with customers to discussneeded solutions and the concepts that they want to go after. This early engagement enables the company to become valuable to the customers. The company has thecompetent personnel and technical resources to achieve its goals.
McDonald says OSI Group enjoys local management teams that help in the understanding of local cultures and tastes. Through these teams, the company can operate efficiently through the power of global scale. OSI Group is based in Aurora Illinois and is a worldwide leader in the supply of value-added protein items. It has subsidiaries in China, Poland, Germany, India, Switzerland, Australia, as well as Hungary.
Education and work experience
David is an alumnus of Iowa State University where he majored in Animal Science. He was the chairperson of North American Meat Instituteand served as the Director of Marfing Global Foods S.A. He was the OSI Industries project manager and sits on the company’s board of directors. David is the Chief Operating Officer and President of OSI Group. He is also the director of OSI International Foods Pty Limited, which is based in Australia. David is a renowned corporate leader who believes that product and service provision to the consumers goes hand in hand with production capacity and product development.
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