Glen Wakeman Understands the Importance of Charitable Giving

This year has been devastating for Puerto Rico as it was affected by Hurricane badly. More than a million residents in the country lost power due to the hurricane Irma and even after the recovery efforts were able to restore power to many houses, around 60,000 households were left without any electricity. The recovery efforts were further affected when a stronger Hurricane Maria hit the country. Hurricane Maria was a category five storm that unleashed its wrath wherever it moved across the country.

 

It almost shattered the island with continuous thirty hours of wind and rain. The winds during the Hurricane Maria exceeded the speed of 155 mph (DailyForexReport). The energy and transportation system of the island was deeply affected due to the Hurricane and is heavily damaged due to it. Many homes have been completely ruined due to the hurricane and the official count of the total damage done by the Hurricane is over $90 Billion.

 

Many independent organizations are working to reach out to the people in need in Puerto Rico and provide them with the necessary supplies and medical assistance to survive this natural disaster and rebuild their lives. Red Cross is amongst the foremost organizations that are actively working in the severely affected regions of Puerto Rico in conjunction with the government bodies. The volunteers and the employees of American Red Cross have been working hard to help rebuild communities and provide support to the residents in whichever way they can. The Red Cross has also significantly assisted with the distribution of the aid that the country is receiving from all across the globe (https://affiliatedork.com/puerto-rico-relief-and-glen-wakeman).

 

Even though the government is making their bid to rebuild the communities in Puerto Rico, corporate and individual donations would also help in accelerating the pace in which the reconstruction is happening. One of the individuals who know the importance of giving back to the society is Glen Wakeman, who has also donated to aid the rebuilding of Puerto Rico after the hurricane. Glen Wakeman is the CEO of a SAAS Company named LaunchPad Holdings. He holds Bachelor of Science degree in Finance and Economics and has done MBA in Finance from the Chicago University. Glen Wakeman has more than two decades of working experience in the finance sector has worked with companies like GE Capital as well.

 

Anthony Petrello Rises To Become Among The Top Paid Executives In The USA

Tony Petrello got elected to the executive committee and the board of Nabors in 1991. For 10 years, he has served in the position as the president and chief operating officer. In 2011, Petrello got elected to the post of the chief executive officer. A year later, Petrello became the chairman of the board and the executive committee. In Nabors, he develops strategic planning methods geared at providing a competitive edge in the dynamic environment.

Petrello studied law at Harvard Law School. Later, he mastered in mathematics at Yale University. In 1979, he joined Baker and McKenzie law firm. In 1986, he became a managing partner in the firms’ New York office until 1991 when he resigned. Today, Petrello skills and experienced gets utilized by several organizations. He is a director at Stewart & Stevenson LLC. He identifies with several philanthropic activities. Anthony continues to serve the society through Texas Children’s Hospital where he is a board member.

According to proxy statements filed for 2015, Anthony G Petrello made $ 27,512,939 in total compensation. $1,580,077 amounted to salary, $ 7,727,000 was paid as bonus, $16.863, 656 as stock and $ 1,342,206 came as other compensations. The income statements from Nabors Industries are filed yearly with the SEC. Other benefits comprise of money coming from awards and other sections that can’t fit in the major categories.

In 2014, Tony Petrello didn’t top the list of the most highly paid executives in the States. Nabors move to change its corporate governance, and compensation practices limited the executive payment to three times an executive salary. The move saw his package reduce and more money channeled to the shareholders.