It’s coming out. The veil is being lifted on the philanthropic work of Dick Devos, husband of Secretary of Education Betsy Devos. It’s being revealed that they gave one hundred and thirty nine million dollars to charity. So we’re now getting an inside look into what this is all about.
In the year 2015 alone, both Betsy and Dick Devos donated over eleven million dollars to charity, according to a new report on their website that is associated with their family foundation. This is more than double of all the political contributions she gave not over one year, but over half a decade. Dick Devos’ father, Rich Devos, was the founder of Amway and is also known as a great philanthropist. In fact, Rich and his four children, including Dick, all together gave over one hundred and four million dollars to charity in the year 2015 alone, making them gain a high spot on the Forbes list of the Top Givers. All together over their lifetimes, they gave over one and a third billion dollars to charity, which is around a quarter of their estimated fortune.
Why do they give so much charity? It shows their dedication to causes such as education. In fact, in 2015, three million dollars went to charities that help promote education. This is around a quarter of all their charitable donations. Dick Devos said that shows how much he and Betsy care about the education system in our country. There are many issues that need to be fixed, which is why he and she are so dedicated to fixing it, so that all children can get a good education. Instead of a one size fits all public school system, which does not in fact work, because one size does not fit all, they help promote school choice, so that children can attend schools where they are comfortable and where they will truly succeed. It also helps parents send their children to schools where the parents feel the children will flourish best.
Most of the education beneficiaries were in Michigan, the home states of Betsy and Dick DeVos. In 2013, Compass College of Cinematic Arts in Grand Rapids got fifty thousand dollars. The Ferris State University in Big Rapids got one hundred thousand dollars. Northwood University in Midland got two hundred thousand dollars. West Michigan Aviation Academy got three hundred and fifteen thousand dollars. There were many other education institutions that got dozens of thousands of dollars.
Anthony G. Petrello joined Nabor Industries limited in 1991. Over the years, he has served in different positions in the company. When he joined the company, he was part of the Board of Directors. He has also worked in the company as the chief operating officer and president for 20 years since 1991. In 2003 he became the deputy chairman of the company. Tony, as he is also called, has also been the chairperson of the board since 2012. Throughout his working at Nabor Industries, he has been instrumental in providing strategic leadership. This has made the company compete effectively in the market through the process of adapting dynamism and progressive initiatives.
Tony Petrello joined Nabors with a bunch of experience from different companies such as Baker & McKenzie and Stewart & Stevenson LLC. Today, he also serves on the Board of Trustees for Children’s Hospital in Texas. Over the years, he has also been highly passionate about the different research programs which are geared towards addressing neurological disorders. The diverse experience has made him to be a perfect chief executive officer who is able to develop the right strategies to impact the world. In his position as the chief executive officer of the contract driller company. Tony has been able to fast-track the acquisitions, which has led to the growth and development of the oil-field service company.
When Tony Petrello joined the company, he was able to work hand in hand with the predecessor in order to take the company to another level. This was after they strategized on how to cut federal tax. Since he assumed office in 2011, the share price of the company has improved up to 180%. This is a great performance considering the company will now be able to give more returns to the shareholders and increase its net profit. Tony Petrello attended Yale University where he earned a degree in Mathematics. He also attended Harvard Law School where he earned a J.D degree. The skills and experience make him to be one of the best professionals in the industry. He is thus well placed to take the Nabor Industries to the next level.