Anthony Petrello is the Chairman of the Board, CEO as well as the President of Nabors. His total compensation for the year 2015 is $27,512,939. As the CEO of the company, he is the individual receiving the highest compensation each year. This is because the compensation he receives is used within the company to contribute to its progress. The compensation offered to him as the Chief executive Officer depends on the progress made by the company and the deliveries made to all clients. The compensation for the year 2015 was received by Tony in different measures. He received $1,580,077 of the total compensation as salary. The other measure is 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.
Compensation received by Tony depends on the performance of the organization. This fact gives a clear impression as to why there are different total compensation rates from one year to the other. The more services offered in a year, the more the total compensation will be. As the Chief Executive Officer, Anthony works hard to make sure that services delivered always increase for the purpose of increasing the total compensation he receives. Tony works to ensure the total compensation increases because he uses the compensation to make improvements in the company and make it more competitive. A decrease in total compensation is not beneficial, but statistics show that since Anthony Petrello was appointed as the CEO, the compensations have been increasing.