Investor Balked at Saving Catalina, Company President Told Workers (Video)

Nine Unfinished Boats; President Goes to Tartan

This is an unfinished Catalina sailboat from a happier times.

Catalina Yachts President Patrick Turner stood before a couple dozen employees, explaining to them that the company needed an infusion of capital to stay in business. Catalina’s new owner, Michael Reardon, had been wooing a potential investor who ultimately refused to commit, Turner said, befo…