Business Expert

Anthony Petrello understands corporate responsibility

NABOR has faced economics ups and downs. Every business has done so. Its most recent evidence of right sizing, as some executives took to calling it, took place in 2015, according to Wikipedia. The staff chose to reduce organization’s sale force by ten. NABOR, a natural gas and geothermal energy firm, also decided to reduce its drilling force by 10 percent. Downsizing affects many communities and it takes away people’s livelihoods. Downsizing is usually an unfortunate side effect of technological advancement. Outsourcing does not affect oil rigs as much as it affects other companies. Outsourcing is difficult on most oil rigs any way.

Anthony Petrello unlike people lower on the scale, did not have to worry about layoffs. Layoffs almost never affect executives, even though they make more than some employees earn in a decade. While corporations have a duty to their employees, they also have a duty to the public. Most importantly, in the eyes of the organization, they have a responsibility to shareholders. The shareholders, after all, own the company. Being the head of the company only gives someone a larger say in the affairs of the company.

Petrello showed he understood his responsibility to the shareholders several years ago. When the shareholders started complaining about the performance of the company, he decided to let the contract buy off the remaining years left on his contract. He then stepped down to be a member of the board of directors. He remains in a position of power within the company, but he is no longer the chief executive officer. For more info about us: http://www.bizjournals.com/houston/morning_call/2014/12/nabors-ceo-cfo-take-big-pay-cut.html click here.

ANTHONY PETRELLO: LAWYER, MATHEMATICIAN AND HUMANITARIAN

Anthony Petrello is a man who wears many hats. He holds a J.D from Harvard Law School. He also holds M.S and B.S Degrees in Mathematics from Yale University. He is a man who has excelled at every task that he has taken on. Anthony Petrello has taken up huge responsibilities over the years and he has done exceptionally well in all of them. This is attributable to his bright mind, his innovative skills and his leadership skills. He has been described as a driven person.

Anthony Petrello is currently the Chief Executive Officer of Nabors Industries Limited. Nabors Industries Limited is an energy company which is the lead player globally in drilling. Nabors Industries Limited is the lead market player in offshore drilling. The company carries out both the drilling and it also outsources its equipment to other companies and governments. The company has advanced capabilities with regards to drilling technologies and it also has well qualified and skilled employees in the area of oil and gas. The market presence of Nabors Industries Limited has been felt globally.

At the head of Nabors Industries Limited, Anthony Petrello oversees all the activities of the Company. His role is a huge role and he has managed to lead Nabors Industries to great heights under his leadership.

Other than his professional achievements, Anthony Petrello is also socially responsible and a humanitarian at heart. Anthony and his wife Cynthia have dedicated their time and resources to ensure that research is conducted with regards to neurological illnesses in children. This passion was motivated by their daughter Carena who lives with a condition called Celebral Palsy. This condition has impeded her growth rate. Anthony and Cynthia work closely with Texas Children’s Hospital.

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Jim Dondero Uses Unusual Investment Strategy to Outperform the Markets

Jim Dondero is the co-founder of Highland Capital Management, which he started in 1993. He has proven to be a visionary when it comes to the markets and how to make money consistently. He built up a $15 billion alternative investment company over the years. Jim has found value where many have lost money. Jim claims that his success has come from thinking through debt issues, turnarounds and new trends.

 

Dondero was one of the early investors in collateralized loan obligations. Many consider him to be introverted, intuitive and an intense thinking. He spends time thinking about every aspect of an investment opportunity and usually makes the right decision pertaining to it. Jim offers investors access to a mutual fund, with some of his investment ideas, the Highland Global Allocation fund. The fund gained 29 percent in value over the past 12 months. The fund is more concentrated than typical mutual funds, and sometimes focuses on just a few sectors. This can cause major swings in value of the fund. Jim wants to go for the gusto, rather than provide another plain vanilla fund.

 

Jim Dondero focuses a large portion of his investing on fixed income and credit markets. He says he prefers a defined flow of cash rather than a build it up theme. The company has specific analysts who cover high conviction ideas. The rest of the team is focused on specific sectors of the market. Jim allocates about 50 percent of his portfolio to diversified assets. The other 50 percent is concentrated on key ideas he has selected.

 

In 2012,James Dondero and his team started investigating the debt of Argentina, which was having trouble. They felt that the country was ready for a recovery and in 2014 they put 24 percent of their assets in the country’s debt. In late 2015, the recovery began. They made a profit of over 60 percent on that portion of their portfolio.

 

In addition to running a successful investment company Jim Dondero is big in philanthropy as well. Reasoning Mind is a technology based math curriculum Dondero offers to pre-kindergarten kids through seventh graders. The program has helped raise math scores in some of the poorer schools in areas where math teachers are not even available.