One of the biggest players in the oil industry is Tony Petrello. He currently serves as the President and Chief Executive Officer of a huge oil drilling company called Nabors Industries Ltd. The company is known for having the largest oil drilling operation on land anywhere in the world. The company generates billions of dollars and it has 29,000 employees. Tony Petrello has been a huge factor in the growth of the company since he was hired in 1991. The company was basically on life support when Petrello came aboard. A decade of recessions and mismanagement by the previous regime had led to the revenue of the company going steadily downward. Tony injected a new enthusiasm into the working environment at Nabors. He helped to change the culture of the company.
Petrello has two math degrees from Yale and a Harvard law degree. He spent a dozen years working for the Baker and McKenzie law firm in the Big Apple. He then resigned and moved over to Nabors where he remains today. He has taken the oil and gas drilling company in a much different direction than it was in before he was hired. He created a process by which new employees were hired. This has drastically reduced the amount of turnover throughout the organization as a whole. Nabors had a big problem with training new employees and having them quit a short time later. This was a waste of resources that Anthony Petrello put a stop to for the most part.
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Financial stability is the pillar for economic growth of many countries globally. As such, many people have developed interest in the financial sector by investing in stock exchange to secure financial stability. Many firms have also ventured and are investing in the financial borrowing and lending. Equities First is a leading firm that thrives in ensuring stock borrowers get the financial assistance first. This has been necessitated by the ability to lend financial borrowers and who use collaterals to get loans. They offer easy and first working capital loans to investors compared to financial institutions. This is because the financial institutions and banking sectors have increased the lending rates making people look for alternative funding. Equities First specializes in stock-based loans which has seen many stock borrowers have received loans with low-interest rates. The repayment periods are also flexible given that a borrower uses his stock as collateral and market fluctuations during loan repayment doesn’t affect his operation. This is because the influx of market prices or depreciation does not adversely affect the loan repayment. People intending to start small and medium size businesses can easily access working capital from Equities First. The terms of repayment and acquiring the loans have been revised to suit the low income earning people intending to invest.
Many people have benefited from stock-based loans because they are not tied down to the intended cause. People can take the loans and invest in other field irrespective of the agreement. Compared to other loans from financial institutions and banks where applicants are made to use the money on the intended purpose. Equities First was established in 2002 and has seen many people grow their businesses from the low-interest loans offered by the company. Due to the flexibility of the lending terms, the company has transacted over 1.4billion dollars from peoples across the world who have invested greatly in the stock-based loans. Equities First holding encourages borrowers to use stocks to acquire working capital by getting the loans that low fixed interest rate despite the prevailing market conditions. This has also made it open branches in other countries and sign contracts with organizations globally.
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