Interesting thread. Sorry that you are angry Jay.
I used to produce music and make "records." So... I am with you as far as copyright management goes. But, one suggestion.... I don't think it was a
personal offense. In other words, nobody said "Let's steal that Dam Jay's pic and use it, that will show that sob."
They probably said "here is an awesome shot of our boat that Jay took." Or perhaps, "Here is an awesome shot."
While from a legal and business standpoint I agree with you, I think that your reaction should be a business-like one. You have the right to get to the bottom of it and to make sure that you are credited or compensated and that the offender is made aware of your expectations and your interpretation of the law and ethics.
I agree that on face value.... it just isn't right. But I don't know how it came to be. Just in case it was semi-innocent in intent, or a mistake, you may want to tone down the anger. Your anger could result in more people being embarrased than you think.

What if the Geico folks thought that the image of their boat is their intellectual property once given to them, as it carries their brand. Hmmm.
It is an interesting subject for sure, and consistent with many other people's concerns regarding copyright in a digital, internet world.
I appreciate the photos that you guys take. I respect that they are your work product. I hope that you don't stop sharing that work product with people because you feel disrespected. Especially if the offense was committed out of a mis-interpretation, mis-communication, or mis-understanding. What if an intern at a PR firm grabbed that from Geico's PC and ran to Kinko's with it?
I agree that it wasn't right. Regardless of how it came to pass.