Giving is far more than receiving. This is common wisdom. However, the number of people holding it close to their hearts and practicing it is incredibly low. In as much as giving is quite rewarding, it is also the most difficult principle to master. For those who manage to practice it, it becomes a source of joy and fulfilment to them. Tony Petrello, the CEO of Nabors Industries Ltd, is among the few who practise this wisdom and actively tries to influence others to do the same.
As the CEO of Nabors Industries Ltd, Mr Tony Petrello has taught his employees the art of giving. This he has done by being at the forefront of philanthropy in Houston. For those who frequent Philanthropic events in Houston, you will hear of his donations and participation in many projects. At Nabors Industries, MrPetrello has set up a foundation called Nabors Charitable Foundation. Through this foundation, the employees get to give towards giving educational scholarships to employee’s children and employees themselves. Tony also ensures that every year, the employees at Nabors Industries undertake a project that focuses on giving back to the society in which they work.
As a result of this giving back culture Mr Tony Petrello has cultivated in Nabors Industries, the employees found it very easy to leave their work stations to go and help those affected by Hurricane Hervey. MrPetrello says that he didn’t have to convince his employees to go help out. When called upon, the employees gave a total of 173,622 dollars towards the rescue mission through the Nabors Disaster Relief Fund. This sum was matched by MrPetrello thus seeing the company give a total sum of 347,224 dollars towards helping those affected.
Apart from the donations given by employees, MrPetrello gave them paid off to go help out. This was done despite the fact that only 10% of the 1,200 Nabors employees were affected. Instead of insisting they all go to work, Nabors CEO paid his team to go out and help. He also had the Nabors Industries’’ on site kitchen cook large volumes of hot meals which were supplied to families affected. This was done three times a day.
MrPetrello is truly a giver at heart. Apart from the influence he has on his employees to give in cash and in kind, he also has a desire to help solve the world’s problems. Having done some research on neurological disorders in children, he discovered that not much had been done in that regard. So he gave 7 million dollars of his own fortune to help put up a hospital in Texas that takes care of people suffering from these disorders.
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