Word: houghtons
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...sense, nothing has changed,” Houghton said in a brief interview yesterday...
...coming months.“It’s not appropriate,” he said.The unveiling ceremony was a rare public appearance for members of the Corporation, which, along with three members of the Board of Overseers, will choose Harvard’s next president.Fellows James R. Houghton ’58, Nannerl O. Keohane, and Robert D. Reischauer ’63 accompanied Bok to University Hall after a Corporation meeting in Loeb House yesterday afternoon. The other three fellows, Patricia A. King, Robert E. Rubin ’60, and James F. Rothenberg...
...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...
What will change for Houghton is his compensation. Corning will no longer pay Houghton an annual salary, but will instead give him a retainer along with his pension, according to Collins. The switch is intended to comply with IRS regulations that forbid a person from receiving a salary and a pension at the same time, Collins said...
...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...