Word: houghtons
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...Houghton told the Associated Press that he will not become a chief executive elsewhere but will continue working for education and the arts...
...member of the Corporation, Houghton attends lengthy meetings in Cambridge about once every three weeks. The Corporation plays a unique role as a board of directors actively involved in University affairs. Corporation members are selected for indefinite terms...
...Houghton became CEO of Corning in 1983, succeeding his older brother, Amory Houghton Jr. '50, who is now a Republican delegate from New York to the House of Representatives...
...business has always been something of a family affair. Houghton's great-great grandfather founded the company, and seven Houghtons have served as chief executive. In fact, Ackerman will be only the third person outside the family to run Corning...
...When Houghton took over the reins, nearly 70 percent of Corning's revenues came from cyclical, slow-growth businesses. The new CEO quickly divested units in laboratory glassware, electronics and light bulbs and spent $500 million on high-profit ventures in laboratory services and fiber optics...