Some companies are not always about the profit that they get from the community where their operations are based. There are companies that genuinely care about the overall welfare of the community, and this is realized after disaster strikes.
In 2017, Houston together with other near vicinities in Texas were hit severely by Hurricane Harvey. Streets were flooded, homes were destroyed, and the food was scarce because basic essentials were desperately in demand on a large scale. Some prominent businesses in Houston took it upon themselves to offer help immediately. The H-E-B, Houston Food Bank and Nabors Industries were quick to respond.
In a regular work day, the employees of Nabor Industries – a local drilling entity are commonly found getting coffee from the Naborhood Café, in the in-house fitness center, or at the barbecue pit within the workplace. But they can also be seen in special events, fund raising activities and other community projects because giving back is a vital part of the company’s culture, and is a thing that Tony Petrello the CEO of Nabors Industries is keen on.
After Hurricane Harvey wrecked the city, the employees of Nabors Industries helped with the relief efforts, taking time off from work. As per Tony Petrello, they went where help and support where needed. To show that the employees’ efforts were appreciated and the company is grateful for their assistance, they were given paid time off to go about and give aid.
Tony Petrello gave an equal amount that matches the contribution of the company’s employee’s relief contributions that amounted to $173,622. The fund was named Nabors Disaster Relief fund, which was used to support hands-on relief activities. Nabors Industries likewise erected its on-site kitchen equipment to be utilized for the recovery efforts by preparing and cooking hot meals in large quantities three times a day for the local families.
Anthony Petrello is the and Chairman of the Board of Directors and President of Nabors Industries Ltd., the largest natural gas drilling company in the world. Tony Petrello graduated from Harvard University and Yale University. He and his wife take their social responsibilities seriously, and he says that as Nabors Industries grow so should their donations to charitable causes grow too.
Learn more about Tony Petrello: https://analystoffinance.com/2017/10/tony-petrellos-nabors-industries-will-purchase-tesco-this-year/