W.A. Sheaffer Pen Company executive benefits

[FredRydr]

I picked up a pile of postcards at a pen show that depict the W.A. Sheaffer Pen Company's favorite means of transport. I wonder where it fit in their business expense tax planning?

Wasp II.jpeg
Yacht WASP II
Length 71'-4". Beam 16'-1". Draft 5'-6" Cruising speed 10 knots. W.A. Sheaffer Pen Company