The current Chief Executive officer of Nabors Industries Ltd is Anthony Petrello, also known as Tony. His total compensation for the year 2015 is $27,512,939. As the Chief Executive Officer of the organization, he is the person who receives the highest compensation each year because the compensation given to him is used in the company to create progress and cater for various expenses. The compensation received by Anthony Petrello varies from one year to another, as a result of the progress made each year. There are times when the company receives high returns and during such years, his annual compensation increases. On the other hand, there are moments when there is a decrease in the progress and earnings received by the company. During such years, the compensation received by Anthony Petrello reduces. This is because the earnings are used to pay the employees as well as support the company’s operations.
The compensation for the year 2015 was received by Anthony Petrello in different measures. He received $1,580,077 of the total compensation as salary. The other measure is a bonus which composed $7,727,000 of the total compensation. Another measure is the stock which was represented by $16,863,656, and the last measure is different forms of compensation, covered by the remaining $1,342,206. As the CEO therefore, Anthony Petrello works to ensure the services and product offered increase. An increase in services and products offered to clients means an increase in yearly compensation. When he receives more compensation, it means more is put in place to improve the performance of the company. He is a hard worker and always ensures that the company popurarity is at its best. A decrease in the compensation he receives is not beneficial to the company, an aspect which makes him work even harder to have it increase.
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