Henry E. Riggs

Henry E. ("Hank") Riggs (February 26, 1935 - June 10, 2015) was an early Silicon Valley entrepreneur, a professor of engineering and vice president at Stanford University, president of Harvey Mudd College, and founding president of Keck Graduate Institute (KGI) of Applied Life Sciences at the Claremont Colleges. His areas of specialization included financial analysis and control, management technology, technical strategy, and new venture management. Riggs was a popular professor who taught for over 45 years and published multiple books. He started the large-scale academic fund-raising efforts that are now widely used by major institutions, launched a graduate school focused solely on training leaders in biosciences (KGI), and served on numerous boards.

Riggs was raised in Hinsdale, Illinois, the youngest of three children born to Joseph and Gretchen Riggs (siblings Ruth and Joseph Andrew). His father helped run the Goss Printing Press Company, which developed presses for newspapers. Riggs attended boarding school at Phillips Academy, Andover, followed by Stanford University, where he earned a BS in Industrial Engineering in 1957. Riggs then received an MBA from the Harvard Business School in 1960. He also holds honorary Doctorates in Engineering from Harvey Mudd College and in Applied Life Sciences from the Keck Graduate Institute.

Riggs worked for over a decade at early Silicon Valley companies and institutes. Between undergraduate and graduate school (1957-1958) he worked at Ampex, and from 1960-1963 at the Stanford Research Institute (now SRI International). From 1963-1970 Riggs worked at Icore Industries, as president for his final three years, and from 1970-1974, he was Chief Financial Officer at Measurex.

While working at Icore Riggs began to teach part-time at Stanford and joined the faculty full time in 1974. He was the Thomas Ford Professor of Engineering Management. From 1978 to 1983 he was chair of the Stanford Industrial Engineering and Engineering Management Department. One of Riggs' key courses at Stanford was Industrial Accounting (IE 133; now IE 140), which covered principles of financial and cost accounting. He was a dedicated teacher, and in 1979 was awarded the Tau Beta Pi Award for Excellence in Undergraduate Engineering Teaching, and in 1980 he received Stanford's highest award for excellence in teaching: the Walter J. Gores Faculty Achievement Award. Riggs commonly used case studies in his teaching, and as he biked through campus to class, he cut quite a figure in his suit and signature bow-tie. He continued to teach while taking on academic leadership roles (below). Following his retirement from KGI, he returned to Stanford as Emeritus Professor and continued to teach there from 2004 until 2015. Most recently he led "The Art and Logic of Fundraising" course offered by the Stanford Continuing Studies program (BUS 104).

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