As the presidential horse race continues, it is easy to get lost in the mudslinging, name calling and attack ads. Yet, there are important issues at stake that may be obscured. One of those issues is the use of the term horse race, which has long been used to refer to any close contest in a political sense and now appears to be shifting its meaning again.
As the world changes and people’s priorities shift, it is difficult to know how long horse racing will remain as a major part of our culture. But for now, major races like the Kentucky Derby, Royal Ascot, the Melbourne Cup and the Prix de l’Arc de Triomphe are renowned throughout the world for their elegance, pageantry and love of the horse. They also feature exciting racing.
Many people love to place bets on the outcome of a horse race. Wagering on horses has been a major part of horse racing since it became an organized sport in the 17th century. During the reign of Louis XIV (reigned 1643-1715), racing was heavily influenced by gambling. In fact, the first standardized horse races were run under his leadership that included a King’s Plate race for six-year-olds carrying 168 pounds over 4-mile heats and a race for five-year-olds with 140 pounds in one 3-mile heat. As time went on, stamina became the benchmark for equestrian success as opposed to speed.
While many people enjoy betting on the results of a horse race, there are some who would rather not see the sport continue. Some have a concern about the way in which the sport treats the animals who are the stars of each race. In addition to the normal rigors of competing in a horse race, they are forced into unnatural sprinting conditions, often under the threat of whips or even illegal electric shock devices. These stresses can lead to injury, gruesome breakdowns and even death.
Others have a deeper concern about the way in which the sport treats its spectators and visitors. Some have criticized the outdated facilities at many racetracks, which make it harder for fans to enjoy the spectacle of the racing itself. They also have a deep concern for the way in which the veterinary care of horses is provided.
Despite these challenges, horse racing remains popular around the world, and there are efforts to modernize facilities and veterinary procedures to address some of the animal welfare concerns. However, it is likely that the day will come when some of these issues can no longer be ignored.
Having several strong internal candidates for the CEO role can be a benefit to the company, but only when the board and current management have established succession processes that prepare high achievers for ever-more challenging roles. Otherwise, an overt horse race for the top job can be disruptive and may not result in the best executive to lead the organization. The board and senior leaders should carefully evaluate whether the culture and structure of their organization are suited for this type of competition.
