Anthony Petrello was ranked as the best-paid CEO in the United States in 2013, with a total payment of $68.2 million. His pay could have been justified by the fact that since he became Nabor’s CEO in 2011, the company’s share price has risen by 180 percent. However, this was not the case in 2014. Considering the proficiency he has shown in running the business, one may wonder why the shareholders could not allow him to receive such a huge bonus in 2014.The shareholders were unhappy with the huge bonus perks issued to the company’s executives in 2013 and 2014. That is why they decided to alter the corporate governance and compensation policy. One of the changes was to separate the chairman’s and the CEO’s roles. By doing this, the executive severance payment was limited to three times an executive’s bonus payment. Although these changes reduced Anthony’s pay to an extent, it did not limit his zeal to serve Harbor.
Petrello’s compensation in the 2015 financial year
Anthony Petrello received $15,202,689 total compensation for his role as the president and CEO of Nabors Industries Ltd. Of the total compensation, $1,575,000 was salary, $10,808,769 was awarded as stocks, $1,492, 982 was his bonus payment, and $1,325,938 was issued as other kinds of compensation.
Anthony Petrello’s career
Petrello joined the Nabor’s board of directors in 1991 following his election. He served as the company’s president and CEO from 1991 to 2011. Tony has been serving as the chairman of the executive board since June 2012. His contribution to the company is immense. He is in charge of strategic planning which ensures that company can compete in the ever dynamic industry.Before joining Nabors, Petrello worked in a law firm known as Backer and Mckenzie. Here, he specialized in general corporate law, taxation and International arbitration, a position that helped him understand how businesses are run. During his service at the law firm, he was appointed as a partner manager in the company’s New York office. Besides his position at Nabor, Anthony is also a Director of Stewart & Stevenson LLC and Hilcorp Energy Firm. He also sits on the Texas Children’s Hospital Trustees board. You can also follow him on twitter: https://twitter.com/tony_petrello
For the first time in 80 years, Mexico has allowed a foreign joint venture to sink an oil well in their waters. The joint group includes Premier Oil, Sierra Oil, and Gas, and Talos energy. Talos Energy which is holding a 35% stake in the venture is the company that is operating the well. The oil well is expected to bring in 100 million to 500 million barrels of oil. The companies are hoping that this will lead to many more possible investments now that Mexico has opened to competition from foreign countries. This is a profitable deal for both the country of Mexico and the companies involved.
A bit more on Talos Energy: This successful business overcame the past financial crisis to now reaching new heights. Talos Energy is now raking in over 16000 barrels of oil a day from the Gulf of Mexico. In only a year, the company went from 15 to 60 employees. This is fantastic and insane exponential growth. The company looks to keep growing, and not by putting risk on its employees.
Talos Energy has been rated highly among small businesses as it does not put its employees at harm. Instead, they reward them with some of the equity from their ventures. Several employees have said that they enjoy working on a smaller scale as they can see their hard work helping the company. Michael Harding, the chief accounting officer and controller at Talos said that he personally knows each of his fellow employees and that he prefers this to his work at a bigger firm where he just felt like a cog in the machine. Many employees would agree with this assessment and they produce more as they can see what their work contributes to the group.
Talos Energy should be the standard for small businesses. They Play by the rules, are hardworking, and they treat each employee as important. Talos energy is the blueprint for a successful business
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Madison Street Capital, an leader in the international investment industry, has recently served as the exclusive financial counselor to DCG Software Value in their recent merger with the Spitfire Group. The merger was made public by Charles Botchway, CEO of MSC and was headed up by Jay Rogers. The entire process was organized and led Rogers on behalf of MSC from inception to completion.
DCG Software Value is a global provider of packages catering to function point analysis, as well as software estimation services, and software value management. The company was founded in 1994 and has been an industry leader in software analytics, software quality management, and the merger is a logical one for both parties since The Spitfire Group is a consulting firm catering to the business-oriented technology market. The exact details of the merger were not immediately made public at the announcement.
The Spitfire group is a global provider of services which help client bridge the gap between their business objective and their technology initiatives. They do this by providing comprehensive technology resources in the form of a “force multiplier” concept. This is accomplished thanks to the high level of experience that the team has as well as industry leading state of the art technologies to help businesses address their complex needs.
The combining of these two powerhouse players means that a new level of service can be achieved for their clients. By bringing together the myriad of services offered by DCG and the expertise and resources of Spitfire clients can make better use of the technology resources and plan out the best time to adjust those resources for maximum effect.
Madison Street Capital was an obvious choice, advising DCG in this merger, considering they have many years of success working with firms of all sizes both domestically and internationally. Specializing in mergers, acquisitions, investment strategies, financial opinions and more, they are the first choice for those who want to bring the most competent advice possible to a negotiation or undertaking. The firm considers emerging markets to be the core component driving the global growth of their clients and strives to find creative and innovative ways to enter those markets with the highest level of return on investment possible while minimizing risk to an acceptable level. Thanks to the high Madison Street Capital reputation level, clients know that they are in good hands when they work with MSC.
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Life Line Screening is a health based institution that seeks to improve the quality of people’s life. The organization aims at creating an awareness of unrecognized health problems with their clients. After performing a series of screening tests, the client is advised to seek a follow–up with their personal physician. The institution lists among the leaders in community-based health screening in the United States. Life Line Screening employs the use of advanced technology, mostly found in hospitals and highly trained professionals to do the screening tests. A certified board of physician then reviews the results of the tests to ensure credibility. The company started in 1993 and had screened over eight million people. Today, Life Line Screening organizes over 16,000 screening events per year. These events receive a turnout of over one million clients. The company prides itself with the provision of preventive health screening services at an affordable rate.
Life Line Screening performs three major types of preventive health screening namely :
- Ultrasound Screening – it is also called sonography. The procedure employs the use of sound waves to image structures in the body. It is specially used to monitor conditions in areas like the heart or cardiology, ophthalmology, and obstetrics. It is painless and non-invasive. Life Line Uses this method to primarily perform the screening of abdominal aortic aneurysm, carotid artery disease, Ankle-brachial index screening and bone mineral density testing.
- Finger Stick Blood Screening – this is a kind of testing that identifies risk factors for diabetes and heart disease. A drop of blood from the finger gets used. Machines used to perform this test are FDA approved, and it takes less than ten minutes for the results to materialize. The screening shows complete lipid panel, the level of glucose, levels of C-reactive protein, and levels of ALT and AST liver enzymes.
- Limited Electrocardiograph – this method of screening identifies atrial fibrillation or irregular heartbeat. This type of condition increases the chances of having a stroke. Life Line Screening conducts an EKG. The procedure is quick, non-invasive, and requires no preparation or cloth removal.