Word: accidentally
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Dates: during 1990-1999
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There was speculation, both in the Journal article and in Associated Press reports last night, that Houghton is stepping down because of a near-fatal 1993 pedestrian accident that changed his outlook on life.
Houghton had begun shifting power to his top associates after the accident and recommended yesterday that Roger Ackerman, the firm's president and chief operating officer, succeed him on April 25.
But Houghton dismissed speculation that he was retiring because of the accident, saying that he decided several years ago to step down when he turns 60 on April 6 this year.
"It had nothing to do with the accident...nothing to do with being forced out or anything," he told the Associated Press. "I just figured after 13 years that this was a good time to do it."
The car accident on Sunday night that sidelined seniors Peter McLaughlin and Brad Konik denied the Harvard men's hockey team the chance to celebrate a Beanpot victory at the FleetCenter.