Word: hovgard
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Dates: during 1950-1959
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NEVINS YACHT yard will continue to build and repair custom yachts, thanks to a last-minute rescue by Carl Hovgard, 48, president of the Research Institute of America and enthusiastic yachtsman (his Swedish-built yawl Circe won the Class B Newport-Bermuda race last month). Hovgard bought the yard, which was going to close (TIME, July 12) for a reported $900,000, will keep the Nevins name, try to run the company as a break-even hobby...
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