CORPORATIONS: The Horse Traders

At Santa Anita one night in 1947, horse fanciers and some of Hollywood's top stars looked down on a spotlighted auction ring for a notable equine event. On the block was the first lot of thoroughbreds from Cinemogul Louis B. Mayer's famed stable. As the sale began, L.B. jokingly whispered in the ear of Announcer Humphrey S. Finney: "I found Clark Gable as an extra and converted him into the biggest thing in pictures. Now I'm going to convert Finney into the biggest salesman in the horse business."

Thanks to the sale's Hollywood-like...