Business, Business Expert

Cerebral Palsy is often the cause of an illness affecting young children known as periventricular leukomalacia, a situation that often leads to extensive brain damage. Currently, there is no cure for it, but medical researchers are getting help from certain businessmen who’ve had a newfound interest to fund them, including Nabors Industries CEO Anthony Petrello. Petrello has had this particular situation affect him and his family.

Petrello and his wife Cynthia’s young daughter Carena was born with PVL, and Petrello who had up till that point been focused on advancing career, now had a new passion to help his daughter in any way he could. He took her to many of the nation’s most advanced doctors who provided guidance on how to care for her, but explained that no cure existed. But amidst the search, Anthony Petrello met Dan and Jan Duncan who had recently helped start a research center at the Texas Children’s Hospital that was then renamed in their honor. Together with their help, Petrello began a fundraiser to bring in new study technology and contributed $7 million of his own funds to it. His hope is that more people from the Houston business community join this effort and understand how important the work is.

Anthony Petrello at one time landed the title of the nation’s highest paid CEO when Nabors Industries restructured his contract at $68 million a year including his equity and bonus compensation. As CEO of Nabors, he leads the development of oil drilling technology and contracting equipment out to oil companies. Nabors Industries is on record as having the largest drilling fleet both in offshore modular rigs and land-based fleets. Petrello has managed not only developments, but also oversees shareholder relations and the overall direction of the company.

Prior to becoming the CEO and Chairman of Nabors industries, Petrello had a career in law. His roommate at Yale University where he attended first recalls how he was a mathematics genius, and he was even mentored by world-renowned mathematician Serge Lange. But instead of following in the footsteps of his mentor, Petrello became interested in financial numbers which he eventually turned into a legal career and became a lawyer that specialized in corporate law. He was an associate and later partner at Baker & McKenzie in New York in which he helped many billionaire clients in internal audits and overseas investments. In 1991 he left law and joined Nabors as Chief Operating Officer, later becoming CEO upon the passing of former CEO Eugene Isenberg.

To know more visit @: www.wsj.com/articles/SB10001424127887324392804578358772612205556

Education

Betsy DeVos is married to Dick DeVos and together they started a Foundation to give out funds in support of various activities in the community. Not only have they given millions of dollars to support the Republicans but they have also given out to causes like education and art. Dick and Betsy DeVos Family Foundation began in 1989. As of 2015, the Foundation had donated over ten million dollars in cash and pledged over three million cumulatively to different organizations. Betsy DeVos is the Education Secretary in the Trump’s government.

 

 

Betsy believes in what she stands for and this is why most of their donations are channeled towards educational activities. Four hundred thousand dollars was dished out to Loudspeaker Media to support Campbell Brown start the educational site she had been working on. GREAT Schools, Success Academy Charter Schools, Alliance for School Choice, Foundation for Excellence in Education and The Potter’s House are all education institutions that have benefited a great deal from the philanthropic work of Betsy. Apart from being focused on education, Betsy is also keen on Conservative organizations. Some of the organizations she has handpicked to fund include the Institute for Justice, Intercollegiate Studies Institute, think tanks and the American Enterprise Institute for Public Policy. All these organizations stand for justice and promote awareness of conservative viewpoints. It is clearly evident that the giving from Betsy through the Foundation is focused on education. She has given grants to Wake Forest University, University of Michigan’s Food Allergy Center, Davenport University, University of Maryland College Park Foundation, Ferris State University, Calvin College and the School of Missionary Aviation Technology among others. The Foundation is also faith-based and has extended a helping hand to Ada Christian School Society, Grand Rapids Christian School Association and the Rehoboth Christian School Association to support the causes they stand for. The arts industry was not left behind. ArtPrize Grand Rapids, John F. Kennedy Center for the Performing Arts and Boy Scouts of America have been supported financially by Betsy through the Family Foundation.

 

 

Betsy has been a believer in reforms from a very young age. She attended the Calvin College where she was actively involved in the campus politics. She has held different positions in various committees for political activities. She has been in the political field for more than 3 decades. At the Republican Party in Michigan, she was the chairwoman for 6 years. She has held several positions in organizations such as Windquest Group, Amway, and Orlando Magic. In the Family Foundation, she is the chairwoman. She is also actively involved in boards of various companies like Kids Hope USA, the Foundation for Excellence in Education and Mars Hill Bible Church among others.

 

To learn more, visit http://www.betsydevos.com/.