February 25, 1935–June 10, 2015
Henry E. (“Hank”) Riggs, past president of Harvey Mudd College, former vice president for development at Stanford University, founder and first president of Keck Graduate Institute, died at his home in Palo Alto on June 10, after a brief illness. His wife and children were at his side. A memorial service is planned for June 23 at 2:30 pm in the Arrillaga Alumni Center on the Stanford campus.
Riggs had a remarkable career as entrepreneur, professor, writer, and leader in higher education. He continually sought out challenges and his vision fundamentally shaped every institution with which he was involved. Throughout his life, his abiding passion was for teaching, and he taught up until a few weeks before his death. He will be remembered for his immense talent, enduring vision, uncompromising integrity and enormous generosity.
After graduating from Stanford in 1957 and Harvard Business School in 1960, Riggs worked as president of Icore Industries and chief financial officer of Measurex Corporation. He began teaching part-time at Stanford in 1967 and joined the faculty full-time in 1974. His best-known course at Stanford was Industrial Accounting (IE 133). From 1978 to 1983 he was chair of the Stanford Industrial Engineering and Engineering Management Department. He held the Thomas W. Ford professorship in the school of engineering. In 1980, he received Stanford’s highest award for excellence in teaching (the Walter J. Gores Award). As he biked through campus to class, he cut quite a figure in his suit and signature bow-tie.
Riggs was named president of Harvey Mudd College in Claremont, California, in 1988. During his nine years as president, the College expanded its campus, increased enrollment and endowment, and launched new departments in biology and computer science. He and his wife, Gayle, enriched the Harvey Mudd community through a very personal care and commitment to each constituency, strengthening the bonds of the College community. Each received the Harvey Mudd Alumni Association’s Honorary Alumni Award in 1997, and Riggs received an honorary doctorate from the College in 2006.
Riggs’ early career as a Silicon Valley entrepreneur left him convinced that colleges and universities need to be more flexible and entrepreneurial to serve their students and the public good. In 1997, Hank founded the seventh Claremont College, the Keck Graduate Institute of Applied Life Sciences (KGI). He served as the institution’s first president until 2003. His vision for KGI was based on his belief that life sciences would dominate the 21st century and that new institutions were needed to educate future leaders in this field.
Riggs wrote books and articles on accounting, management and finance for students and the general public. His influential 2011 New York Times op-ed “The Price of Perception” challenged the practices by which top-tier colleges set tuition rates. He also served on numerous corporate and nonprofit boards.
In his personal life Riggs had two great loves: his family and travel. He and his wife, Gayle, saw much of the world from their bicycles and Eurovan. At age 70, Riggs bought his first boat, “It’s About Time,” and became a skilled captain. Five years later, he solo-captained his boat to Alaska and back.
Riggs was raised in Hinsdale, Illinois, the youngest child of Joseph and Gretchen Riggs. He met Gayle Carson when they were both undergraduates at Stanford and they married in 1958. He is survived by his loving wife Gayle Riggs; his sister Ruth Wendel; his children Betsy McCarthy (Andy) of Seattle; Peter Riggs (Kathleen) of Harstine Island, Washington; Katie Riggs (John) of Burlingame; and six grandchildren: Sarah, Christopher, Carson, Molly, Sam and Gretchen.