Anthony Petrello has worked hard to get to his position in life, graduating from Yale with a Bachelors and Masters degree in Mathematics along with graduating from Harvard Law School.
These degrees positioned Petrello to practice at the firm Baker and McKenzie in New York where he would become Managing Partner in 1986. After Petrello’s resignation from Baker and McKenzie in 1991, he was elected to President and Chief Operating Officer of Nabors Industies where he served until October 2011, as well as Deputy Chairman since 2003. Then in October 2011, Petrello was named President and Chief Executive Officer, then Director of Stewart & Stevenson, LLC in February 2011. In June of 2012 Petrello served as Chairman of the Board, Chairman of the Executive Committee of the board of Nabors Industries.
Nabors Industries owns and operates the world’s largest land based drilling fleet as well as providing as a leader in offshore drilling rigs in the U.S. With this Nabors understands that sustainability is a necessary aspect of the industry so with technology, planning and safety initiatives, Nabors is using responsibility to guide their success. Nabors Industries reincorporated in Bermuda in 2002 leaving shareholders alarmed and apprehensive that Bermuda’s corporate laws would leave them with little rights.
When Petrello became CEO, stocks when up but shareholders were still concerned, so Petrello changed compensation practices to ease shareholder’s minds and move some of the money back to shareholders instead of Petrello himself, leaving Petrello out of the running for best paid boss of 2014.
The digital economy is a new economy in the new media. The new media has taken many by surprise since it is advancing every day. People investing in the new media are risk takers, and they could harvest more than they have never imagined. The digital economy has grown as a result of the young people who are influenced by the new media. The new media gives an opportunity for many people to invest. It has created employment for people who never considered working in an industry that was nonexistence a decade or less ago. This is not the case for people working in professions in the media.
A profession in the media must remain relevant so that they are able to compete fairly in the future. Those that have attempted to understand the new media have gained from it as a source of self-employment and a way of gaining a market share in the media. This is the case of Norman Pattiz. Norman came from a background of radio journalism. He was an authority. He was among the best in the industry. Pattiz worked with the best media outlets globally. This is what has worked for him since experience is the best skill that a journalist can use to access opportunities.
Norman Pattiz founded PodcastOne. This was a product packaged for the new media. He established this using his exceptional skills of the traditional media. He worked with some of the best professions in the media. One of the most popular stakeholders that have worked with PodcastOne is WWE. WWE has made the product popular. It has used some of the pop stars to generate its content. The new product by PodcastOne is known as Beyond Darkness. It is supposed to be presented by Chris Jericho. He will discuss spirituality and how real it is alongside other people from the WWE.
The primary revenue of PodcastOne is an advertisement. These are the old tricks that have evolved. This shows that there must be mastery of the basic media skills since the new media depends on the traditional media skills to remain relevant in the new media. PodcastOne is based on research. Norman Pattiz has used the skills of some of the best research bodies to understand advertisement so that PodcastOne can produce what the market expects. This shows that an individual has to master the old tricks then use them for their benefits in the new media to win the digital economy.