1998 Hall of Fame--A Mentor, An Advisor, A Leader

"I don't run these companies," Davis maintains. "The company presidents do. If they achieve good results, I want the presidents to be able to take credit for that. If they have poor results, I don't want them to be able to say: 'I'd be doing better if it wasn't for Joe in Houston.'

"Key to our philosophy is giving the presidents what they need to run their companies," Davis says.