To determine which companies care about their community can be determined by their response to a disaster. Parts of Texas were devastated in 2017 by Hurricane Harvey. Supplies were scarce, streets were flooded, and homes were destroyed. Several prominent businesses in Houston responded immediately including H-E-B, the Houston Food Bank and Nabors Industries.
Nabors Industries employees give back to their community, and participate in community fundraisers, projects and special events. As the CEO, Tony Petrello has helped make giving back part of the culture of the company. After Hurricane Harvey, Nabors employees helped with the relief efforts even though it required taking time off from work. They were given paid time off to help wherever they were needed.
The contributions made for the relief by the employees were matched by Tony Petrello. Prior to his donation, the amount was $173,622. Nabors Industries also used their on-site kitchen to cook a large amount of hot meals for the local families three times every day. Ten percent of Nabors Industries 1,200 employees were affected by Hurricane Harvey.
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The name Tony Petrello is know to anyone following Houston’s philanthropy and charitable events. His social responsibility is frequently demonstrated and taken seriously. His home was originally in New Jersey, but Houston has taken its place. He was attending college in Yale University when he and his future wife first met, and the couple are generous in their philanthropy.
The Petrello’s have been touched by childhood neurological disorders, and this is reflected in their donations. Once Tony Petrello determined how little information was available regarding options for treatment, he started making donations to organizations involved with the treatment. The Texas Children’s Hospital received a staggering $7 million in donations from Tony Petrello. He received an invitation from the board to serve and assist with fundraising efforts in the future. If not for Tony Petrello, the Neurological Research Institute would not exist. This is where new treatments can be developed, researched and tested. This was the first neurological research center in the world for childhood disorders.
Tony Petrello is also passionate regarding education. He honored the memory of his former mentor, Professor Serge Lang from Yale University with an endowment fund for $150,000. Numerous graduates of Yale loved the professor and made offers to donate to the memorial fund. An additional donation of $150,000 was made by Tony Petrello so the alumni donations could be matched. His commitment to giving back to his community has not waivered.
Find more about Anthony Petrello: http://blogs.marketwatch.com/thetell/2014/05/27/why-nabors-ceo-wont-top-best-paid-bosses-list-again-in-2014/