Philanthropy Beyond Finance As Demonstrated By Tony Petrello

Tony Petrello is a man of many gifts and talents. Widely known for his tremendous success in leading Nabors Industry as it’s President and Chief Executive Officer to the oil drilling giant it is in America today, Tony is also a darling of many for his love of giving back to society.

Born in Newark, New Jersey, Tony Petrello has been involved in charity work not only in his hometown but also beyond. In one of his most recent and uncommon acts of philanthropy, Tony invited Broadway legend, Tommy Tune to his house in Houston, in an event organized in support of culture and arts in Texas. Tommy Tune, who was born and brought up in Houston, Texas is one of America’s most accomplished performing artistes.

Tony Petrello also went out of his way to offer his and Nabors Industry’s assistance to the people of Texas when Hurricane Harvey struck in 2017. He allowed his employees paid-time off work to go help with the rescue operations where the hurricane had hit most. Nabors Industry as a whole also set up the Nabors Disaster Relief Fund, where employees gave out a total of $173,622 in cash donations towards the relief operations during the hurricane. As he had promised during the set up of the relief fund, Tony Petrello himself donated in cash to match the amount given by his employees. In addition to this, the company also set up a kitchen where the relief operations were taking place. This way, they were able to provide three meals a day to the victims of Hurricane Harvey, the caregivers and also the families around that had been displaced by the floods.

Tony Petrello has also extended his helping hand towards research on neurological disorders in children. He is a parent to an only child who was born with Periventricular Leukomalacia, a condition that affects the brain, interfering with one’s learning and motor skills. While searching for a cure for their daughter, Tony and his wife Cynthia, realized that there was not much knowledge on the cause or treatment of such neurological disorders in children. To help in research work, the couple donated $7 million to the Jan and Dan Duncan Research Neurological Institute, a research facility based in Texas Children’s Hospital where Tony serves as a Director.

Source: https://www.reuters.com/finance/stocks/company-officers/NBR

Eric Lefkofsky: Changing The Landscape

The internet and the rise of e-commerce have changed the traditional landscape of business forever. With so many independent business men and women making a living through their products, it can be difficult to sort through the noise to find exactly what you want. That’s why the market itself has had to change to accommodate these new businesses and how they are offered to customers. Even larger businesses cannot ignore the impact e-commerce has had on the world.

 

Enter Eric Lefkofsky. An entrepreneur and philanthropist from Southfield, Michigan, Lefkofsky is the co-founder and chairman of Groupon, a massive E-commerce website. Lefkofsky, whose resume includes Echo Global Logistics, InnerWorkings, Mediaocean, and the venture capital firm, Lightbank. Lefkofsky is also head of the philanthropic organization Tempus which provides research into human genomic data. This information, combined with a patient’s clinical data, helps provide physicians with a more effective perspective to assist with an individual’s healthcare.

 

As Chairman and CEO of Groupon, Eric Lefkofsky has directly contributed to the landscape of e-commerce as we know it. Groupon is a company that connects subscribers to businesses in their area by providing discounts, activities, goods and services. With over %80 of businesses stating that Groupon brought in new customers, and over %70 of customers having said they are likely to return to those businesses, Groupon helps provide exposure to new markets for small businesses. With the user subscriber base counted in the millions, with markets in Boston, New York, Chicago, and Toronto, Groupon’s impact is undeniable. Lefkofsky himself provided one million dollars in seed funding to help build Groupon into what it is today.  Based on investor.groupon.com

 

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By connecting businesses directly to customers, the deals offered on Groupon open entirely new markets that a business may not have had access to. And for the customers, they may be exposed to services or goods they never would have tried or known existed. Groupon connects over 20 million users in 500 different cities. With such large numbers, Groupon, and by extension its CEO Eric Lefkofsky, have changed the way we interact with small businesses.

For more try to check on http://www.forbes.com/profile/eric-lefkofsky