Ray C. Davis was a key figure in the energy sector, specifically with Energy Transfer LP. He co-led Energy Transfer Partners as Co-Chairman and Co-CEO, helping it grow from a small pipeline business into a significant industry force. In 2006,...
Ray C. Davis was a key figure in the energy sector, specifically with Energy Transfer LP. He co-led Energy Transfer Partners as Co-Chairman and Co-CEO, helping it grow from a small pipeline business into a significant industry force. In 2006, he earned a total compensation of $710,000, which included a $500,000 salary and a $200,000 performance bonus based on revenue and EBITDA goals. Interestingly, he had no stock or options granted that year, showing a unique approach to executive compensation focused on immediate performance rather than long-term incentives. Ray left his leadership role in 2007 after a successful tenure, leaving behind not just a powerful company but also a legacy of strategic growth. He stepped down from the Board of LE GP, LLC in 2013, not due to conflicts, but as part of a natural transition. Throughout his career, he was known for linking pay with company performance, which shows his understanding of retaining talent without relying heavily on complex pay structures. Simply put, he believed in rewarding based on actual results and keeping things straightforward. Ray's journey exemplifies the role of effective leadership in achieving corporate success and adapting to industry changes.