Corporate Report developed shin conditions late in his two-year-old season and did not race that year. In the early part of his three-year-old season, he broke his maiden. Trainer
D. Wayne Lukas then decided to take him to
Oaklawn Park Race Course and put him on the Arkansas track through the Triple Crown trail. After winning an allowance race, Corporate Report placed second in the grade two
Rebel Stakes. He was entered in the grade two
Arkansas Derby and placed second to Olympio. His owners at
Overbrook Farm were encouraged by the two graded stakes placings and entered Corporate Report in the 117th
Kentucky Derby in 1991. In that race, Corporate Report shot to just off the lead and battled on the front end in third for most of the race. Coming down the long
Churchill Downs stretch, many closers passed him in the lane as he faded to ninth. It was the only time in his career that he finished out of the money.
Strike the Gold and
Best Pal finished one-two. == Preakness Stakes ==