Posts Tagged ‘Oliver Tait’
Thursday, July 9th, 2009
By Ray Paulick
(UPDATED: 6:30 p.m.)
Three of the four incumbent Directors of the 13-member Breeders’ Cup board did not receive enough support from their fellow Members and Trustees to retain their positions in an election that culminated with an annual meeting today at Keeneland in Lexington, Ky.
Re-elected to a two-year term on the board of Directors was Robert Manfuso of Maryland’s Chanceland Farm and a former investor in the Maryland Jockey Club racetracks. Newly elected to the board were five individuals: Tom Ludt of Vinery; Clem Murphy of Coolmore/Ashford; Richard Santulli of Jayeff “B” Stables; Oliver Tait of Darley; and Duncan Taylor of Taylor Made Farms and Sales Agency. Incumbents Reynolds Bell Jr., G. Watts Humphrey, and Don Robinson failed in their bids for re-election. The other candidate not receiving enough votes was John Sikura of Hill ‘n’ Dale Farms, a board candidate for the second consecutive year.
In last month’s election of Breeders’ Cup Members and Trustees, two individuals on the board of Directors, Donald Dizney and Tracy Farmer, failed to be re-elected and were thus ineligible to run for re-election on the smaller board of Directors. Thus, five of six incumbents on the board of Directors failed to be re-elected.
The 48 Members and Trustees, past presidents and current officers of the Breeders’ Cup  had the option of voting online from July 1-8 or in person at today’s meeting, during which a presentation was made by William Field of the international consulting firm, Value Partners, on behalf of the Strategic Planning Committee that has been drafting a 10-year plan for the organization.Â
Vote totals were not provided for the board of Directors election, despite assurances to the Paulick Report in May by Breeders’ Cup president Greg Avioli that results to both the Members and Trustees and board of Directors elections would include the number of votes every candidate received. Following the Members and Trustees election in June, Breeders’ Cup only released the number of votes received by the winning candidates, not by those who failed to be elected. Avioli declined to comment when asked about today’s board of Directors election results.
Following the meeting of the Members and Trustees, the newly-named board of Directors met and re-elected Bill Farish to a one-year term as chairman of the board. Manfuso was elected vice chairman, replacing R.D. Hubbard in that position. Hubbard is one of the seven other board members, along with Helen Alexander, Antony Beck, Farish, Terry Finley, Roy Jackson, and Satish Sanan (their terms expire in 2010).
The other officers re-elected to one-year terms were Avioli, president, and Matthew Lutz, treasurer. Robert Watt, an attorney who has represented the Breeders’ Cup in the past, was elected to the post of secretary, replacing James A. Philpott Jr., who resigned after serving in that post since 1983.Â
The board unanimously approved the following Committee Chair appointments: Audit and Finance Committee – Oliver Tait; Investment Committee – Richard Santulli; Compensation Committee – Satish Sanan; Host Site Committee – R.D. Hubbard; Racing and Nominations Committee – Clem Murphy; Marketing - Roy JacksonÂ
The Breeders’ Cup will host a teleconference for its nominators and the media with Value Partners at 2 p.m. (EDT) Friday, July 10, to review the recommendations of the strategic plan in greater detail.
“Our five new Directors comprise an outstanding group of individuals with knowledge and expertise that will be vital to the Breeders’ Cup in the opportunities before us.†chairman Farish said in a statement. “We also express our sincere thanks to Reynolds Bell, Watts Humphrey and Don Robinson for their excellent and distinguished service to the board.â€
Humphrey, a partner of Farish’s father, Will Farish, in numerous ventures at the Farishes’ Lane’s End Farm, has been a Breeders’ Cup board member for many years and was a member of the Executive Committee that essentially ran the organization prior to its decision to allow nominators (beginning to 2006) to elect a board of Members and Trustees, who in turn vote for the board of Directors. Bell, a bloodstock agent with close ties to Lane’s End, had been rumored to be Bill Farish’s preferred candidate to replace him as chairman if Farish serves the maximum of five years in that position. He was re-elected today to his fourth year as chairman.
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Tags: Breeders' Cup, breeders' cup board of directors; breeders' cup members and trustees, breeders' cup election, Clem Murphy, Don Robinson, donald dizney, duncan taylor, G. Watts Humphrey, Oliver Tait, Paulick Report, Ray Paulick, reynolds bell, richard santulli, robert manfuso, tom ludt, tracy farmer
Posted in Breeders' Cup | 1 Comment »
Monday, July 6th, 2009
By Ray Paulick
Some people have asked me why I think it is so important for there to be a change in leadership, starting with the 13-member board of Directors, at the Breeders’ Cup. There currently are six board seats up for election, with electronic voting currently taking place from July 1-8 among the 48-person board of Members and Trustees (along with two ex-presidents and two current officers of the organization). The Members and Trustees hold their annual meeting on July 9, where the electronic votes and those cast in person will be tabulated. Ten individuals are running for the six seats, and there is marked difference in their philosophies.There are numerous reasons for there to be a change, not the least of which is that it is simply time for someone else to run the organization. The Breeders’ Cup for too long has been in the clutches of a handful of people who have run it, for better or worse, as a private club.
But it’s much more than that. Some of the recent decisions made by management and approved by the 13-member board of Directors have been roundly criticized, and deservedly so. Among them are the decision to hold back-to-back Breeders’ Cups at Santa Anita on a synthetic main track that many horsemen dislike; the ticket-pricing mistake at the 2008 Breeders’ Cup; the short-lived decision to suspend the Breeders’ Cup stakes supplement program; and the oddly configured and regionally uneven structure of the “Win and You’re In†qualifying races.
Let’s look at “Win and You’re In†first. Daily Racing Form publisher Steven Crist, in calling the series “illogical and imbalanced,†pointed out what appears to be a significant anti-New York bias. In an interview with Breeders’ Cup marketing executive Peter Land, Crist gave Land just enough rope to hang himself with his explanation. Land, Crist wrote, said Saratoga was left out of the “Win and You’re In†series because the Breeders’ Cup decided to “invest in the fall rather than the summer.†But that didn’t explain why Del Mar, whose meet overlaps Saratoga’s, had eight stakes labeled “Win and You’re In†while Saratoga had zero.
As Crist wrote, “When the industry’s leaders wonder why racing often is not considered a big-league professional sport, they need look no farther than the patently unfair and incomplete ‘Win and You’re In’ schedule to see why.â€
In addition, there is bad blood between executives of the Breeders’ Cup and the New York Racing Association, and because of that some thought has been given to excluding Belmont Park as a future host site of the championships. It last served as host in 2005.There’s no place for this kind of pettiness in a sport that is struggling, and for the Breeders’ Cup board to allow this feud to continue is inexcusable.
Land, I’m afraid, may also be the culprit for the price-gouging then went on at the 2008 Breeders’ Cup, when horsemen and fans who wanted to attend either of the two days were required to buy a two-day package. If that wasn’t bad enough, the seat prices were outrageous in comparison to past years. At least Land and the Breeders’ Cup recognized the errors of their ways, and for 2009 have eliminated the two-day package requirement and reduced prices substantially.
That’s fine, but what on earth were they thinking when they set those prices? (And, yes, I know, there was a meltdown in the economy in September, just a little over a month before the Breeders’ Cup. But it was clear before then ticket sales were slow in reaction to the high prices.)
The philosophy of selecting host sites has been an important subject of a Breeders’ Cup Strategic Planning Committee that has been meeting for the past several months. There is one camp that feels the event should rotate evenly among California, Kentucky and New York, and another that wants to see Kentucky on an every-other-year rotation with the two coasts. There also may be those who want to establish a permanent site (with some suggesting an expansion of Keeneland would be tied to that decision to make the Lexington track a permanent host). Yet no one (other than some Californians perhaps) seems to like the idea of back-to-back Breeders’ Cups at Santa Anita Park on the Pro-Ride synthetic main track. But that’s what we have, and there already are repercussions, with Jess Jackson saying there is no way he will run Preakness-winning filly Rachel Alexandra in this year’s Breeders’ Cup.
Who thought that was a good idea?
Finally, much has been written and said about the move last December to eliminate the stakes supplements that have been part of the Breeders’ Cup since its inception. The outrage that led to a reversal of the decision seemed not so much based on eliminating the program, but on the timing and manner of how the decision was made—namely, in a vacuum.
It’s this “we know what’s best for you†philosophy and the kicking and screaming against transparency (board meetings without published agendas, minutes or attendance records for those meetings that are not made available, promises of complete election results but delivery of only partial vote counts) that may have led so many Breeders’ Cup nominators to vote against incumbents and associates of the “old guard†or “status quo†candidates in the recent election of Members and Trustees.
I encourage those who were newly elected, along with existing Members and Trustees who believe a change in leadership would benefit the Breeders’ Cup, to vote for the following candidates in the board of Directors election: Tom Ludt of Vinery, Clem Murphy of Coolmore/Ashford, Richard Santulli of Jayeff “B†Stables, John Sikura of Hill ‘n’ Dale, Oliver Tait of Darley, and Duncan Taylor of Taylor Made Farm and Sales Agency. It’s my belief they represent positive change for the future of the Breeders’ Cup.
Let me repeat what I wrote about these six candidates last week. They are very strong candidates who bring a diverse set of skills and industry and/or outside business experience. Santulli and Sikura were rebuffed in last year’s election, which outraged many breeders who recognize both men for their intellect and commitment to this industry. Santulli has an extraordinary reputation in the business world, and Sikura is widely respected as a man with, as the saying goes, “skin in the game,” and a no-nonsense approach to getting things done. Murphy and Tait represent the two largest farms with the greatest global vision and would be a great asset to the board of Directors as the Breedrs’ Cup seeks to expand internationally. Ludt has demonstrated independence and a common-sense approach to analysis and problem solving in various industry leadership positions, and Taylor is one of the brightest marketing people in the Thoroughbred industry today who has a compassion and drive to see the industry reconnect with the public.
Reynolds Bell, G. Watts Humphrey Jr, and Robert Manfuso, who are running for reelection, have been a part of the leadership that’s been involved in some of the questionable decisions of the recent past. It’s time for them to be replaced. The fourth candidate running for reelection, Don Robinson, only recently joined the board after the resignation of B. Wayne Hughes. I have heard nothing but good things about Robinson and how he conducts his business at Winter Quarter Farms. He was, however, appointed to the board by Bill Farish, the Breeders’ Cup chairman who is said to dole out committee chairmanships and other appointments with the expectation that those he favors remain loyal to him when push comes to shove.
And there’s some pushing and shoving going on right now in the scramble for those six open board seats.Â
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Tags: Bill Farish, Breeders' Cup, Breeders' Cup board of directors, breeders' cup board of members and trustees, breeders' cup election, Clem Murphy, Don Robinson, duncan taylor, g. watts humphrey jr., John Sikura, Oliver Tait, Paulick Report, Ray Paulick, reynolds bell, richard santulli, robert manfuso, tom ludt, william farish jr.
Posted in Breeders' Cup, Industry Organizations | 14 Comments »
Monday, June 1st, 2009
By Ray Paulick
(UPDATED JUNE 3 TO REFLECT A CHANGE IN RECOMMENDATION FOR GEORGE ISAACS)
The 25 candidates running for election to the Breeders’ Cup board of Members and Trustees may have different backgrounds, income levels and positions within the Thoroughbred industry, but I think they all share a common thread: a desire to help the Breeders’ Cup grow. All are to be commended for their interest in helping achieve that goal, even if their philosophies do not follow the same path.
There are, however, only 13 positions for these 25 individuals on the board of Members and Trustees, whose principal role within the Breeders’ Cup organization is to elect the 13 members of the board of Directors at an annual meeting, scheduled this year for July 9. The smaller board of Directors makes all major decisions regarding the operations and governance of the Breeders’ Cup and elects a chairman and vice chairman each year.
So who nominators elect to the board of Members and Trustees is critical in shaping the smaller, operating board of Directors. The six individuals whose two-year terms on the board of Directors expire in July of this year are: Reynolds Bell, Donald Dizney, Tracy Farmer, Don Robinson (who served out the remainder of B. Wayne Hughes’ term after Hughes’ resignation), G. Watts Humphrey Jr., and Robert T. Manfuso. Only elected Members and Trustees may run for the smaller board of Directors.
Fifteen of those running for the board of Members and Trustees submitted answers to questions from the Paulick Report or statements about their candidacy (click here to see their responses in an easy-to-read or print PDF document). Biographies of all the candidates can be viewed here at the Breeders’ Cup election web site.
I have covered the Thoroughbred industry for nearly 30 years and have seen a number of these candidates in board-room settings, talked with others about issues of interest to the Breeders’ Cup and Thoroughbred racing and breeding in general, and consider many of them friends. Some are or have been advertisers of this web site. In making the following comments and voting recommendations to nominators, I have done my best to remain objective in rating the various candidates without regard to friendships or business relationships.
Here is my summary of each candidate, along with a voting recommendation:
JOHN AMERMAN: Skilled businessman who as retired chairman and CEO of Mattel certainly understands consumer products and traditional marketing. I’ve not seen great leadership or fresh ideas spring from Amerman in his various industry roles and cannot recommend a vote for him on the board of Members and Trustees.
NADIA SANAN BRIGGS: Daughter of the outspoken but highly successful businessman Satish Sanan, who has played a major role in the Breeders’ Cup as chairman of the Strategic Planning Committee. Briggs has her own independent streak and would bring a fresh, young perspective to the board. She is bright, totally committed to the industry, and would make an outstanding member of the board of Members and Trustees. Recommend for election.
JACK BROTHERS: Has played a major if understated role in the success of Frank Stronach’s Adena Springs breeding and racing operation after virtually growing up in the horse business. Doesn’t claim to have all the answers for resolving the challenges at the Breeders’ Cup, but I doubt there would be a more fair-minded or harder-working individual on the board of Members and Trustees. Recommend for election.
BILL CASNER: Few people in the industry have shown the courage to stand up to the failed, old-guard industry leadership like Bill Casner has. He understands racing from the standpoint of the blue-collar horseman and now plays the game at the highest level while not forgetting his humble beginnings. Recommend for election.
CASE CLAY: One of the up-and-coming “next generation” industry leaders, Clay is the son of Three Chimneys Farm owner Robert Clay but was not heavily involved in the farm’s operation or the industry until the last five to seven years. I do have concerns that as one of three candidates with close ties to Three Chimneys (see below), there may be an effort to “stack the deck” for a future agenda, and for that reason cannot recommend a vote for election to the board of Members and Trustees at this time.
LINCOLN COLLINS: One of three individuals (along with Case Clay and Tracy Farmer) closely allied with Three Chimneys Farm. Collins has a good reputation for honesty and integrity in his Kern Thoroughbreds bloodstock agency, though seems light on service and industry experience. Cannot recommend a vote for election to the board of Members and Trustees.
DONALD R. DIZNEY: A member of both the board of Members and Trustees and the smaller Breeders’ Cup board of Directors, Dizney has done little to distinguish himself as more than a rubber-stamp voter for the status quo. There have been suggestions among some at the Breeders’ Cup that Dizney has not been as engaged through his board or committee attendance as others, but a request for attendance records of board meetings from Breeders’ Cup secretary Jim Philpott was ignored. Cannot recommend a vote for election to the board of Members and Trustees.
TRACY FARMER: Politically powerful in Kentucky through his work and fund-raising with the Democratic Party, Farmer has been a close ally of Kentucky Gov. Steve Beshear and was appointed to the Kentucky Racing Commission, on which he serves as vice chairman. Farmer serves on both the board of Members and Trustees and Breeders’ Cup board of Directors, where sources say he has not distinguished himself as an independent voice. The Paulick Report requested minutes of Breeders’ Cup board meetings to analyze the involvement of each board member, but secretary Jim Philpott denied the request. Cannot recommend a vote for election to the board of Members and Trustees.
H. GREG GOODMAN: Houston native has been a partner with Lane’s End Farm’s Will Farish, which doesn’t necessarily suggest he will be a “yes” vote for a potential Farish-orchestrated board of Directors slate. However, his non-response to the Paulick Report questionnaire and his vague personal statement on the Breeders’ Cup voting web site does not build confidence in his independence. Cannot recommend a vote for election to the board of Members and Trustees.
GEORGE ISAACS:(UPDATED JUNE 3, FOLLOWING RECEIPT OF RESPONSE TO PAULICK REPORT QUESTIONNAIRE) Veteran horseman is well respected throughout the industry for his work as general manager at Bridlewood Farm in Florida. Relatively new to national industry organizations, but in his responses to the Paulick Report questionnaire demonstrated a commitment to adding value to Breeders’ Cup nominations and increasing accountability and transparency within the organization. i believe it is also important to have representation among Florida breeders. Recommend for election.
TOM LUDT: One of the most independent-minded, cut-to-the-chase people I’ve seen in this industry in recent years. Has distinguished himself on the Kentucky Racing Commission, having been appointed by both a Republican and Democratic governor (and without being a major financial contributor to either of their campaigns), on committees at the Thoroughbred Owners and Breeders Association, and Breeders’ Cup board of Directors. Recommend for election.
REILEY McDONALD: Has many years of experience in the auction arena, most prominently as co-owner of Eaton Sales. Has not been as involved in industry leadership positions as I would like to see for someone with his knowledge and insight, though it is encouraging to see him step up at this critical time. However, I cannot recommend a vote for election to the board of Members and Trustees.
MICHAEL McMAHON: One of the individuals running who is completely invested in the Thoroughbred industry and its future, McMahon may lack in national industry organizational experience but more than makes up for it in passion. My instinct is he will add a truly independent voice who takes his responsibilities seriously. In his reply to the Paulick Report questionnaire, McMahon repeatedly spoke of the importance of increasing participation at the grass-roots level among breeders, by adding value to the program for nominators. Recommend for election.
CLEM MURPHY: Coolmore principals and associates are often guarded in what they say to the media, but I’ve found Murphy to be accessible and a source of innovative thinking when it comes to both the Breeders’ Cup and the racing industry. Recommend for election.
OGDEN MILLS PHIPPS: The phrase “lead, follow, or get out of the way” comes to mind. The Jockey Club chairman has had his opportunities to lead (New York Racing Association declined during his years of power), has not shown much interest in following, and that leaves one alternative. Cannot recommend a vote for election to the board of Members and Trustees.
DAN PRIDE: Believes in accountability and transparency, and has brought fresh ideas and enthusiasm to Fasig-Tipton since joining the auction company from Darley. Pride does a good job representing a younger generation of leaders that have real-world experience. Recommend for election.
ANDRE REGARD: For a relatively young man, Regard has a broad base of knowledge, and I think there is little doubt that he will be a growing influence in future years as he gains experience in the industry and its various organizations. One to keep an eye out for in the future, but at this time cannot recommend a vote for election to the board of Members and Trustees.
RICHARD SANTULLI: An enormously successful businessman, Santulli is a no-nonsense kind of guy who brings independence, integrity and a serious commitment to the Breeders’ Cup because of his passion for the Thoroughbred game,first as a fan and horseplayer and later as an owner and breeder. Last year’s effort by the old guard to keep Santulli off the smaller board of Directors represented a low point in the history of the Breeders’ Cup. Recommend for election.
JOSEPH V. SHIELDS JR. Has served on the board of Members and Trustees and board of Directors, but has not publicly articulated a clear vision for how the Breeders’ Cup can grow. Closely associated with old-guard Members and Trustees who have lacked innovation. Cannot recommend a vote for election to the board of Members and Trustees.
JOHN SIKURA: Fiercely independent and driven to build his own business, Sikura has a vision to grow the Breeders’ Cup to become an even more important world championship by incorporating horses from different parts of the globe. He is one of those “all in” horsemen who do not look at the Thoroughbred industry as a part-time hobby but as a full-time commitment of his time and financial resources, and his personal success is tied to the growth of events like the Breeders’ Cup. Recommend for election.
OLIVER TAIT: Represents Darley USA, one of the most important contributors to the Breeders’ Cup in terms of nominations and participation in the world championships. Tait may not be a household name in the U.S. at this stage of his career, but he has accumulated extensive international experience in Europe and Australia. Recommend for election.
DUNCAN TAYLOR: Listening to your customers seems like a logical approach to any business, but I don’t think that has been a strong suit of the Breeders’ Cup board of Directors or management in the past. Taylor Made has developed into the industry’s leading sales agency because of its customer-centric approach, an approach that can only help the Breeders’ Cup. Recommend for election.
ROBERT TRUSSELL JR.: Was a member of the Gainesway Farm team when John Gaines created the Breeders’ Cup in the early 1980s, so he has a great depth of knowledge and history of the organization. However, it is difficult to grasp where he stands on issues of importance given his lack of response to the Paulick Report questionnaire and the absence of a personal statement accompanying his biography on the Breeders’ Cup election web site. (In the original version of this article, I reported the Breeders’ Cup web site did not include a biography of Trussell; that has since been added here.) Cannot recommend a vote at this time for election to the board of Members and Trustees.
ROB WHITELEY: If you are in favor of maintaining the status quo, Whiteley is not your candidate. He was an outspoken critic of the decision last December to suspend the stakes supplement program, and I believe his leadership on that issue led to a quick reversal by the board of Directors. Strongly believes in accountability, transparency and fiscal responsibility. Recommend for election.
JACK WOLF: Knowledgeable about the importance of the Breeders’ Cup in the industry and bullish on the role the organization can play to increase the popularity of the sport, something it has not yet been able to do. Refreshingly candid, independent and with outstanding credentials both in racing and in the outside business world. Recommend for election.
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Tags: andre regard, Bill Casner, Breeders' Cup, Breeders' Cup board of directors, breeders' cup board of members and trustees, breeders' cup election, Case Clay, Clem Murphy, Dan Pride, donald dizney, duncan taylor, George Isaacs, H. Greg Goodman, Jack Brothers, Jack Wolf, John Amerman, John Sikura, Joseph V. Shields, Lincoln Collins, Michael McMahon, Nadia Sanan Briggs, Ogden Mills Phipps, Oliver Tait, Paulick Report, Ray Paulick, Reiley McDonald, richard santulli, rob whiteley, Robert Trussell Jr., tom ludt, tracy farmer
Posted in Breeders' Cup, Industry Organizations, People | 32 Comments »
Monday, June 1st, 2009
By Ray Paulick
The 25 candidates for the 13 open positions on the Breeders’ Cup Board of Members and Trustees were asked by the Paulick Report last week to respond to six questions about themselves, their priorities and recommendations for the organization, and their thoughts on Breeders’ Cup governance issues.
Thirteen individuals responded in time for inclusion in this report to be published on Monday, June, 1, the first day Breeders’ Cup nominators had the opportunity to cast their ballots in the 2009 Members and Trustees election. Additional comments, from John Sikura, Clem Murphy and George Isaacs have been added; we hope other candidates who have not had the opportunity to respond will do so and the Paulick Report will publish any of their answers in the coming days.
In addition, I have offered my thoughts on the various candidates, along with recommendations on how I think nominators should vote in this election.
Click here to see the comments of the candidates in a chart form (UPDATED JUNE 3) that allows easy comparison.
Click here to read or print out a PDF document with all the responses (UPDATED JUNE 3), which are listed alphabetically.
Additionally, click here to access the biographies supplied to the Breeders’ Cup by each of the candidates. Nominators who have not received a customer number and passcode with voting instructions should e-mail the Breeders’ Cup nominations department or call (859) 514-9423.
Click here for a listing of all nominators and the number of votes they are eligible to cast in the election. Each vote can be used for up to 13 different candidates (for example, an individual entitled to 10 votes may cast 10 votes for as many as 13 individuals, but may not used 130 times for one individual). There are a total of 40,258 eligible votes. Breeders’ Cup has not published tabulated results of previous elections, but approximately 12,000 votes were required to be elected, according to sources in the organization.
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Tags: Amerman, andre regard, Bill Casner, Breeders' Cup, Breeders' Cup board of directors, breeders' cup board of members and trustees, breeders' cup election, Case Clay, Clem Murphy, Dan Pride, donald dizney, duncan taylor, George Isaacs, H. Greg Goodman, Jack Brothers, Jack Wolf, John, Joseph V. Shields Jr., Lincoln Collins, Michael McMahon, Nadia Sanan Briggs, Ogden Mills Phipps, Oliver Tait, Paulick Report, Ray Paulick, Reiley McDonald, richard santulli, rob whiteley, Robert Trussell, satish sanan, tom ludt, tracy farmer
Posted in Breeders' Cup, Industry Organizations | 3 Comments »
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