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While Davis was head of 20th Century Fox President Ronald Reagan and his wife Nancy complained to him about excessive sexuality in films. Nancy Davis alleged that her brother and his partners vastly undervalued the company and thereby denied her (and her mother and siblings) of as much as $50 million in proceeds. He made his fortunes as the chairman of Davis Petroleum and at one time owned 20th Century Fox the Pebble Beach Corporation the Beverly Hills Hotel and the Aspen Skiing Company.
Davis (August 31 1925 – September 25 2004) was an American industrialist and philanthropist. He made his fortunes as the chairman of Davis Petroleum and at one time owned 20th Century Fox the Pebble Beach Corporation the Beverly Hills Hotel and the Aspen Skiing Company.