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![]() The following commentary on the Breeders’ Cup announcement to suspend funding of 2009 stakes supplements was written by Rob Whiteley, who for 18 years ran Carl Icahn’s Foxfield commercial breeding operation and now owns Liberation Farm, one of the Thoroughbred industry’s largest and most successful breeding entities.
The decision by the Breeders’ Cup management to completely drop the supplemental stakes program, totally confirms that the inmates are running the asylum. Dropping all 121 supplemental stakes clearly shows how encapsulated and insulated executives, who lack a comprehensive understanding of the industry or a conscientious concern for fiduciary responsibility to its broad-based constituents, can make ill-conceived judgments without proper oversight and supervision. My friend John Gaines must be turning over in his grave at this level of arrogance and incompetence. COMPLETE COMMENTARY AT PAULICKREPORT.COM http://www.paulickreport.com/blog/ma...-resignations/
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All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. ~ Joseph Conrad A long habit of not thinking a thing wrong, gives it a superficial appearance of being right. ~ Thomas Paine Don't let anyone tell you that your dreams can't come true. They are only afraid that theirs won't and yours will. ~ Robert Evans The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command. ~ George Orwell, 1984. Last edited by Kasept : 12-15-2008 at 02:36 PM. |