Monthly Archives: December 2016

How Antony Petrello Excelled in His 22 Years of Service at Nabors Industries

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Antony Petrello is a business executive with more than 20 years of experience. Petrello attended Harvard Law School for a J.D degree. He also attended Yale University for a master’s degree in mathematics.

Career

Petrello served on the executive committee and directors’ board of Nabors in 1992. Petrello has severed several positions at Nabors. For instance, he headed the company as the president and COO for ten years. After his COO term ended in 2011, Anthony Petrello became CEO of the company. He joined Nabors’ executive committee board in 2012. As a member of the committee, he advises Nabors on strategic planning issues. As the CEO, Petrello adopts mechanisms that will enable the company to prosper.

Petrello worked with Baker & McKenzie law firm before joining Nabors. At the company, he focused on corporate law, international arbitration, and taxation. Petrello used his law expertise to enable the company to excel in international arbitration. He also worked as the managing partner of Baker & McKenzie’s New York branch. Anthony Petrello currently heads Hilcorp Energy Company and Stewart & Stevenson LLC as the director. Petrello was appointed as a member of Texas Children’s Hospital trustees’ board. The hospital advocates for clinical and research programs focusing on kids with nerve system disorders.

Nabors Industries

As the CEO of Nabors Industries, Anthony Petrello was awarded $60 million to cover his annual bonuses. Petrello will also receive other bonuses based on the company’s performance. Nabors Industries is an oil-drilling company that has been praised by oil investors for its pay practices. Petrello’s payment will comprise of the company stocks valued at $27 million and $18 million in cash. This information was released in the company’s securities filing for 2016. Petrello will also receive $15 million in restricted stocks for rewriting his employment contract.

Throughout his 22 years of service at Nabors, Petrello has led the company in several profitable initiatives. He succeeded Eugene Isenberg when he was appointed as the CEO in 2011. Both Petrello and Isenberg were guaranteed of bonuses as stated in their employment contracts. These bonuses are issued with respect to the cash flow of Nabors Industries. Petrello also signed a new employment contract that dictated how he would receive his bonuses. The contract entitles him to compensation in case of death or disabilities.

Read more: The Prince and The Pauper; My College Roommate became an Oligarch

Philanthropy

Antony Petrello and Cynthia Petrello donated $5 million to the Texas Children’s Hospital. The couple also led several fundraisers for the institution. This philanthropic move displays their commitment towards helping children with nervous system disorders. The funds will be used for conducting research and implementing clinical programs at the institution.

Personal Life

Petrello married Cynthia and has an 8-year-old girl called Carena who he loves so much. Besides work, he prefers spending time with his family. Petrello and his wife enjoy spending time with their lovely daughter. He is enthusiastic about life and leadership. Petrello urges upcoming leaders to be ambitious and dedicated. He also believes that discipline is one of the most important virtues of success.

Read more about Anthony and Cynthia Petrello at the Houston Chronicle
Connect with Anthony Petrello on LinkedIn

The Rise of EOS Lip Balms

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Check any woman’s handbag and one of the things that are a must-find is a lip balm. In the past you would ask how these women felt about the lip balm they were carrying and few of them actually loved the brand they were using. Not until EOS lip balms emerged and become the new trend, loved by both celebrities and the regular people. Evolution of Smooth was soon to become not only one of the most loved lip balms but also one of the most discussed.

How EOS Started

According to fastcompany‘s article, EOS started as a result of identification of a market gap in the beauty product industry. Sure, there were many lip balm brands. But all had one thing in common. They looked clinical and were not innovative enough. You couldn’t have fun while applying them. Most women wished that they could get a lip balm that was more of a beauty product than a clinical product. And, with this idea, Evolution of Smooth was born.

Today, they are the second best-selling lip balm brand in the US. The founders claim that the company sells approximately 1 million units every week. In just a few years, the have achieved unimaginable growth. The reason to these being research, the passion to produce sustainable products that will be loved by both women and men clients alike.

You will find on Target that the EOS lip balms come in a variety of orbs colors. This is just but one of the factors that make these lip balms lovable. Additionally, the lip balm has a variety of palatable smells and tastes not to mention the sound of sophistication that is produced when closing the lip balm. For only $3, EOS provides an enjoyable beauty experience that is full of natural ingredients. See, http://www.racked.com/2014/10/31/7571165/eos-lip-balm.

Doe Deere and Lime Crime

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Doe Deere is best known for her successful makeup brand named Lime Crime. Officially launched in 2008, the idea for Lime Crime originated in 2004 when Deere created the name for her DIY fashion line which she began selling on eBay. Colorful makeup became a major part of her brand but wasn’t very easy to find. The idea for Lime Crime, the makeup brand, came from her need for fun and colorful makeup and the lack of it in the makeup market at that time.

 

Part of what makes Lime Crime so unique is its origination on the internet. Before Lime Crime, lipstick was largely sold at makeup counters where customers could try on the product. Deere saw that she could create Lime Crime as a form of e-commerce. She was able to successfully move cosmetics to the internet despite experts telling her it would be difficult without the customers’ ability to try it on. Deere felt confident that if the product was simply presented in the right way the company would be successful in selling cosmetics online. To still give customers an accurate idea of how the product will look on, Deere introduced the “on-lip” lipstick swatch instead of just a lipstick swatch on paper. The “on-lip” swatch was a game changer and inspired other makeup companies to follow in her footsteps.

 

One of Deere’s biggest successes is the successful introduction of liquid-to-matte lipsticks that are top quality. These liquid lipsticks don’t crumble, and stay on for a significant amount of time. Deere would know because she personally tries all new products before they launch on her site. Wearing it herself is the only way Deere can be sure the product is authentic to both her customer and Lime Crime itself.

 

Deere has been named one of the Top Inspiring Female Entrepreneur by Self-Made magazine since her creation of Lime Crime. The businesswoman has created an explosive and colorful brand of cosmetics and has more to come in the upcoming years. The brand is not only fun but is completely vegan. No animals derived ingredients are in any of her products and Deere is proud to have Lime Crime certified as cruelty-free by the most stringent certifier in the cosmetics industry, Leaping Bunny. Deere also realizes her love of animals by donating regularly to an animal rescue organization named Bide-A-Wee.

Follow Doe Deere on Twitter and Facebook

Bruce Levenson Continues His Fight Against Insurance Giant AIG

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As the owner of the Atlanta Hawks Bruce Levenson proved he was not a business leader to accept a lack of progression and growth in all aspects of his ownership of the NBA franchise. Levenson oversaw a season by season progression for the franchise that saw the team move from the very bottom of the NBA standings to the number one season in a single decade; the same rules have applied to the battle with insurance giant AIG that has bee ongoing since Levenson’s group sold the Hawks franchise to a group headed by billionaire Tony Ressler.

The insurance payout being claimed by Forbes billionaire Bruce Levenson’s group relates to the termination of the contract of former Hawks General Manager Danny Ferry that will test workplace torts and constructive dismissal rules. Ferry mutually terminated his $18 million six year contract just two days prior to the announced sale of the Hawks franchise by Bruce Levenson’s group with his comments thought by Levenson’s legal team to have activated a workplace insurance policy the Atlanta Hawks Basketball & Entertainment group had in place. The case will be brought at the Fulton County Supreme Court, but the current owners of the Hawks have already stated they have no reason to be involved in the case as it relates to the former owners of the franchise.

Bruce Levenson was one of the most popular and respected owners in the NBA during his decade in the NBA, particularly for the role he played as a part of the Hoop Dreams and Make A Wish foundations. Levenson also joined the NBA Board of Governors to protect the game in the future. The founder of the UCG company is a well known philanthropist in his local area of Maryland and Washington D.C. where his business interests have remained rooted throughout his career.