Word: boarded
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...reprise leadership of a beloved institution that had happened on troubled times. In 2002, after the stock of Corning Inc.—a glass and fiber-optics company that his great-great-grandfather founded in 1851—plummeted by 95 percent, the company’s board asked Houghton to return as chief executive...
...sure that he wanted to because he made the decision to retire, but when the board asked him if he would come back, of course he would say yes,” said Amory Houghton III ’74, the nephew of the senior fellow. “The board trusted him, the employees trusted him, and the customers trusted him. It was a perfect match, and he brought the credibility...
...financial position was strong throughout the 1990s, its fortunes dropped sharply following the end of the dot-com boom when the company’s large investments in optical communications soured. As the stock fell to just five percent of its previous value, Corning’s board turned to their trusted leader to revive the company, even though he had been retired for six years...
...Just as he had returned to Corning, Houghton came back to Harvard nearly 40 years after graduating, when in the fall of 1995, Houghton joined the Harvard Corporation, the executive governing board comprised of six fellows and the University president. Eventually rising to become the senior fellow, Houghton spends approximately 24 days a year at Harvard where he meets with other Corporation members to discuss issues like the University budget and its expansion into Allston...
...even then, the hard slog wasn’t over for Houghton—as senior fellow, he was in charge of leading the Corporation and three members of the Board of Overseers in the search for Summers’ successor, which ultimately led to the selection of current President Drew G. Faust...