Mr. Laue is the owner of Laue Ranch Racing Stable, a Kentucky-based racing and breeding operation. He entered racing through a partnership in 1996 and started his own stable in 2000. He has raced three homebred stakes winners, including Grade I winner Gun Salute and Grade II winner Glorious View, as well as two other stakes winners selected as yearlings. He is a partner in a Kansas family ranching operation that breeds and markets purebred Charolais cattle and Quarter Horses.

A graduate of the Cornell Law School, Mr. Laue practiced law in Kansas City for 25 years, previously served in the U.S. Justice Department and currently serves as chief counsel to the governor of Kansas. He is the former chairman of The American Royal Association, president of the Kansas Charolais Association and chairman of the rules and ethics committee of the American-International Charolais Association, and the chairman of the Thoroughbred Owners and Breeders Association.