It wasn't the first accident involving the high-performance catamarans, which were introduced as one of many changes to make the stodgy old sport of sailing more appealing to mainstream sports fans after Oracle Team USA, owned by software tycoon Larry Ellison, won the Cup in 2010 with a giant trimaran.

NPR: America's Cup Fatality Raises Safety Questions

Others, though, admire him for finding a way to make money from a stodgy industry.

ECONOMIST: German business

Those MLPs that can successfully pass cost increases through to their customers and make accretive acquisitions have been steadily raising their dividends, making stodgy pipeline and coal companies look like growth stocks.

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