Tony Petrello & Nabors Industries Helps Texans Fight Hurricane Harvey’s Aftermath

Some of the people of this country have certainly been through a lot in 2017, like those dealing the natural disasters that hit several states. Puerto Rico just got hit by a hurricane that left the state with no power. Texas was also hit with a hurricane, and it left many businesses and homeowners without a property. The hurricane flooded the streets and destroyed a lot. Moments like this is when the people of this country band together and help each other out. This helping hand and heart extends beyond people because even companies join in and help. A good example is Nabors Industries, who has helped the people of Houston get back on their feet in the midst of Hurricane Harvey’s aftermath.

There is a lot that tells members of a community that a company cares. Nabors Industries, under Tony Petrello’s guidance, has been showing how much it cares in a number of ways before Hurricane Harvey. The company donated money to complete community projects and participated in events to improve the community in some way. It has helped promote the city and the neighborhood, which only helps inject prosperity for those living in Houston and surrounding areas. This is something that Tony Petrello is proud of along with the members of the company, but the company was called to do even more after the hurricane hit.

One of the first things Tony Petrello allowed was paid leave for employees so they could volunteer freely in the state’s efforts to bring things back to normality. Most of the company’s employees were sent to the Gulf Coast where their drilling expertise was sorely needed. Others stayed behind to help cook large quantities of food in the company’s large on-site kitchen. This kitchen ended up feeding several Texans in their time of need. The people who visited this kitchen were able to eat three hot and nutritious meals each day.

Tony Petrello, Chief Executive Officer of Nabors Industries, could not be happier to see all the good they did during these trying times. The company was in good company, too, since many other organizations were attempting to help like the Houston Food Bank. There is no doubt that some of those who benefited from Nabors Industries’ goodwill will not forget the company any time soon. It goes to show the world that it truly takes a village to care for each other, even when times get hard. Texans showed the world how it is done along with some of the other states who have pulled together to deal with some of their natural disasters.

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George Soros Donates The Majority Of His Personal Fortune To The Open Society Foundations

Posted onCategoriesCompany, Financial

Born in Hungary in 1932, billionaire hedge fund icon, George Soros has built a strong reputation as one of the leading liberal political donors and philanthropists based on using his personal fortune to aid the development of democratic principles in many areas of the world. In a bid to extend the liberal principles he has championed in the U.S. and across portions of Africa, Asia, and Europe, George Soros established his own philanthropic group called the Open Society Foundations which has now benefitted from the generosity of the Holocaust survivor with a major donation towards the end of 2017; the donation of George Soros in 2017 reached its zenith with $18 billion donated to the Open Society Foundations from the fortune which made the hedge fund manager one of the 20 richest people in the world.

The Open Society Foundations was established to pay homage to the philosophical theory developed by French philosopher, Henri Bergson before being expanded upon by the Austrian philosopher, Karl Popper. Popper had written his own expansion of the open society theory in the book, “The Open Society and Its Enemies” during World War II and was introduced to George Soros following his refugee journey from Hungary in 1947 to study at the London School of Economics. Supporting liberal causes has seen George Soros secure a role as one of the leading donors to the Democratic Party of the U.S. where he has used his influence to warn of  rising threat of capitalism he reported in The Atlantic.

Since the earliest form of the Open Society Foundations was established in 1979 the group has benefitted from an estimated level of funding reaching $14 billion from the fortune of George Soros. In 2017, during the days prior to the $18 billion donation to the Open Society Foundations being made public, George Soros had his worth estimated by Forbes to be $23 billion as the magazine had already factored in a $3 billion donation to the Open Society Foundations rumored to have taken place in the earlier months of the year. Soros has fallen to just $8 billion but his Soros Fund Management company still holds assets estimated to be more than $20 billion; Soros has become one of the leading donors to many Democrat causes over the course of 2016 and 2017 as he has vowed to continue to fight the right-wing agenda of U.S. President Donald Trump.

One of the best-known parts of the work of the Hungarian-born investment specialists is the fact he has spent the majority of his career from the 1970s onward looking to expand upon his philanthropic work. Soros believes the fact he has been given the skills to develop a strong financial career provides him with the opportunity to assist as many individuals and groups with a similar liberal view of the world as himself.

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