Word: houghtons
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...move was not unexpected; a report in last Friday's Wall Street Journal predicted that Houghton would step down this year...
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...
...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...
...Houghton joined the seven-member Corporation, Harvard's more powerful governing board, only seven months ago and all indications are that he will continue his service...