Tony Petrello Leads Nabor Industries’ Rise Through Focus On Technology

Tony Petrello is perhaps the most talented CEO in the United States today. With a Juris Doctor in law from Harvard and a master’s degree in mathematics from Yale, there are few who can touch his level of credentials.

Petrello has proven himself as a CEO by leading his company to become the largest land-based drilling operator in the world.

His time at Nabors Industries started in early 1991. The company had entered a period of extreme difficulty, nearly becoming completely and solvent and entering into chapter 11 bankruptcy. During this time, its board of directors was looking for a permanent CEO who had vision, leadership and expertise within the oil services sector. Petrello happened to be working as a lawyer on a case related to the company’s bankruptcy proceedings. Somebody noticed that he appeared to be a perfect fit for a potential new CEO. After a brief vetting process, he was hired by the board of directors.

Read more on Crunchbase.

Under Petrello’s leadership, Nabors Industries quickly begin a spectacular turnaround. Petrello made a conscious decision early on to focus on developing new technologies that would help in the extraction of oil resources from difficult to reach location such as shale deposits, deep water wellheads and tar sands. This proved to be a fortuitous strategy, leading to the company’s explosion as the premier go-to provider of drilling equipment for North American shale deposits and Canadian tar sands.

Anthony Petrello oversaw the rise in Nabors Industries stock price by more than 100 times.

Learn more about Tony Petrello:

Things clients wish they knew about social security benefits-David Giertz

Many pensioners on start claiming their social security benefits as soon as they reach the legal age of 62 years. While many assume that this is the natural thing to do at the age, there are statistics which show that waiting as long as possible after retirement before asking for the benefits will help you get more each month. In fact, people who seek the benefits earlier end up losing up to $300,000 over a period of 25 years or roughly $12000 every year. One experienced financial advisor thinks that the time has come for financial advisors to start being honest with their clients about the social security benefits. David Giertz did an interview with the Wall Street Journal, and this is what he had to say.

First, he noted that the main reason the topic is avoided by many of the investors is the sheer amount of information that has to be covered on Twitter. It is not easy to explain thousands of rules to every single investment client that one handles.

Unfortunately, statistics also show that 4 out of 5 customers will drop their advisor the moment they suspect that the topic of security benefits has been avoided at David encourages the people to be told about the best ways to maximize their social security benefits for the sake of their sunset years.

About David Giertz

David is one of the most respected financial advisors in Ohio. He is the current senior vice president of sales and distribution at Nationwide Insurance Company. David has been working in the financial sector for the past 31 years, which has given him a lot of experience in the field. David Giertz is also a stock trader with approval from FINRA. David likes coming up with business solutions that will be useful to his clients both in the short and the long term. He operates from his office in Columbus Ohio.