Word: houghtons
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Corning has grown successfully under the stewardship of a single family for five generations. Founded in 1851 by a frugal Yankee named Amory Houghton, Corning is still controlled by the Houghton family, whose members are estimated to own 40% of its stock (worth roughly $440 million). Its current president is a great-great-grandson of the original Amory, boyishly intense Amory ("Amo") Houghton Jr., 36, who stepped up after Decker, 61, was named chairman last year. Like his predecessors, Amo Houghton is dedicated to the formula of freewheeling, long-range basic-research spending-he is fond of calling it "patient...
Work Is Fun. "Sometimes," says Houghton, "we start out with one objective and end up with something 180° in the other direction." Fifteen years ago, random research at Corning led to a photosensitive glass. Then, imprinting images with ultraviolet rays and heat, Corning tried to market the glass as decorative wall panels. The effort flopped, but curious scientists found that intricate images could be easily etched on the new glass with acid. Now it serves in miniaturized printed circuits for missile systems. With such attention to the laboratory, Corning has built a file of 100,000 different formulas...
...next 25 years. The purpose is to pinpoint the students' abilities, trace the impact (or nonimpact) of U.S. education on their development, and follow their failures and successes through the 19805. Last week Flanagan issued the first of many progress reports: Design for a Study of American Youth (Houghton Mifflin...
...fill the time available for its completion." Law Two on the same subject: "Expenditures rise to meet income." Now Parkinson, 53, currently a business consultant in Amsterdam, has unburdened himself of a Third Law, this time on corporations, in a book out this week (In-Laivs and Outlaws; Houghton Mifflin...
...first theatre with a proscenium arch was designed in 1600 by Giovanni Battista Aleotti in Ferrara. But you will have to go to Houghton to see a handsome etching of this theatre with its five tiers of seats filled with enthusiastic playgoers...