History: The Rat Pack

Davis's associate recalled Sinatra's people skimming the top of the revenues from the concerts, as well as stuffing envelopes full of cash into suitcases after the performances. Eliot Weisman had already been convicted of skimming, the act of taking money before it has been accounted for taxation purposes, after a series of Sinatra performances at the Westchester Premier Theatre in 1976, eventually being sentenced to six years in prison for the offence. In August 1989, after Davis experienced throat pain, he was diagnosed with throat cancer; he would die of the disease in May 1990. Davis was buried with a gold watch that Sinatra had given him at the conclusion of The Ultimate Event Tour.
A 1989 performance of The Ultimate Event in Detroit was recorded and shown on Showtime the following year as a tribute to the recently deceased Davis. A review in The New York Times praised Davis's performance, describing him as "pure, ebullient, unapologetic show business."