Dawn Dugan specializes in writing books, articles, white papers, reports and special communications for the human resources industry. She is the co-author of Effective Executive Compensation, which was published by AMACOM in 2008. Read more...
A winning racehorse doesn't stop earning when he stops running. Male racehorses who retire often demand enormous stud fees, as much as $500,000 per contact.
Not to be outdone, female racehorses often fetch exorbitant prices for their offspring.
Of course, it takes a load of money to train, feed, house, and transport a racehorse, not to mention to pay the 10s, and sometimes 100s, of thousands of dollars worth of entry fees in the higher-paying races. And only 50 percent of racehorses ever win a race, so there’s no guarantee the investment will pay off.