COMING HOME? Huntington Harbour’s Russell L. Ray...

COMING HOME? Huntington Harbour’s Russell L. Ray Jr., above, who took over as president of beleaguered Pan Am two months ago, had been house-hunting in Miami, the airline’s headquarters. But with Pan Am belly-up this week, his son, Russell L. Ray III, says his parents’ plans are unclear. . . . “He knew going in there was a 50-50 chance this would happen,” says the son. “I’m sure before long he’ll decide his future.”