One of the nation’s highest paid executives is Anthony Petrello, the leader of oil drilling contractor Nabors Industries. With the constant demand for oil despite it’s fluctuating value, and the fairly steady stock values for Nabors shareholders, it’s no wonder Petrello is compensated pretty well for his leadership.
As of the last year his base salary was $1.58 million a year, but he also has earned $7.7 million in bonuses, $16.86 million in stocks and an additional $1.34 million in miscellaneous compensations making his total value at $27.5 million. As CEO and Chairman of Nabors, Petrello manages the strategic planning and technological initiatives of the company from hybrid drilling equipment to proprietary software for operations.
Petrello was hired at Nabors by former CEO Eugene Iseberg due to his knowledge of corporate law and ability to solve problems. The problem solving skills of Petrello actually started when Anthony Petrello was a young man in middle school. His passion was mathematics and it wasn’t uncommon for him to be working on highly complex problems in his free time. He earned his bachelor’s and master’s degrees in the field at Yale, but then went to Harvard law school to get his J.D. His practice in corporate law lasted for 13 years at Baker & McKenzie including 6 years as Managing Partner at the law firm. During this time he specialized in tax laws, employment issues and business structuring.
Anthony Petrello is married to Cynthia Petrello and they are parents to a young girl named Carena who has cerebral palsy. One of the hardest things for the Petrellos was not being able to provide healing treatment for Carena and being told no cure existed for her condition. But they then joined a new endeavor to join the medical world in researching cures for neurological diseases. The Texas Children’s Hospital has benefited from a $7 million gift from the Petrellos to the Dan & Jan Duncan Neurological Institute and the Petrellos hope the business world will join them in recognizing how important the work at the institute is.
An ongoing insurance dispute between the former ownership group of the Atlanta Hawks NBA franchise and the New Hampshire based insurance giant AIG that has been in play since the Summer of 2015 looks set to end in court after the Bruce Levenson led former consortium filed papers alleging breach of contract on the part of the insurance provider. The papers have been filed at a Fulton County Court by the legal team for Bruce Levenson and his fellow former owners of the Hawks franchise who believe a constructive dismissal claim should have been completed as part of an insurance policy held at the time former General Manager Danny Ferry agreed to a mutual termination of his six year $12 million contract.
The legal team for Bruce Levenson has stated an initial claim was discussed as early as April 2015 by the then Hawks owners as negotiations were taking place with potential buyers for the franchise over comments made by Danny Ferry. The legal papers go on to state Ferry’s actions prompted AIG to agree in principle to the insurance claim; however, Bruce Levenson’s legal team has stated the insurance provider has cut off all contact with the Atlanta Hawks basketball and Entertainment consortium headed by Bruce Levenson since the sale of the team to Tony Ressler’s group was announced in June 2015 according to ESPN.
Bruce Levenson (brucelevenson.com) has a number of interests in life, including the continued development of the UCG company he founded with business partner Ed Peskowitz in Washington D.C. Providing a better life for communities ion Maryland and Washington D.C. has been a major part of the life of Bruce Levenson and is reflected in his financial backing for the Center for Philanthropy and Nonprofit Leadership at the University of Maryland where he continues to provide support for awards given to worthy causes nominated by students across the campus.
Securus Technologies was established in 1991 and is headquartered in Dallas, Texas. Securus provides state-of-the-art communications services to correctional institutions, law enforcement facilities, and safety organizations all across North America. They serve over 2,200 correctional facilities and over 1,200,000 inmates.
Securus offers several phone services and methods of payment such as direct billing, debit billing, collect call billing and prepaid calls. One of the more popular services is the video calls which in many cases negates the need for a family to travel and have to wait in line to see their loved one. Jail voicemail, email, and money transfer are other services that are offered.
In recent months, GTL a competitor of Securus made outrageous and untrue claims about how the services and pricing of GTL were superior to those of Securus. On a point by point comparison, Securus far outperforms GTL, so Securus offered to have a head-to-head challenge just to set the record straight, to be judged by an independent party.
For a few weeks there was silence from GTL, and then they politely declined to participate in the challenge. It is very difficult to continue to make false claims with the facts staring GTL in the face. Former GTL customers who have switched to Securus favor their experience with Securus as highly positive in comparison on a 3 to 1 basis.
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