Word: corningã
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...Though Corning??s 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...
...retirement of the Corporation’s then-senior fellow, Robert G. Stone Jr. ’45. Stone’s resignation made Houghton the de facto chairman of the University’s chief governing board as well. Houghton stepped down for the second time as Corning??s CEO in 2005 and as an employee of the company last year, retaining only the position of non-executive chairman. Collins said that there is nothing “unique or specific” to the timing of Houghton’s announcement to step down from...
...Harvard Corporation’s senior fellow, James R. Houghton ’58, who is leading the search for University President Lawrence H. Summer’s successor, will remain Corning??s non-executive chairman of the board...
Houghton served as the company’s chairman and CEO from 1983 to 1996. He came out of retirement and took the reins at Corning again in 2002 after Corning??s sales were cut in half during the telecommunications crash the previous year...
...Houghton family has deep ties to Corning. Houghton’s great-great grandfather founded the company in 1851, and a total of seven Houghtons have served as Corning??s chief executive...