Richard S. Falk Jr. joined the Claremont Graduate University Board of Trustees in 2006. Falk retired after a successful career at Paine Webber/UBS Inc., where he was senior vice president of investments from 1994 until 2002. He had been with the same company since 1969, when it was Mitchell, Hutchins, Inc. Falk’s other current activities include advisory boards of New Providence Asset Management and La Jolla Presbyterian Church.
Falk is also a member of the California-based Tech Coast Angels, an invitation-only angel investment group of more than 270 accredited investors with four branches in Southern California (Los Angeles, San Diego, Orange County, Santa Barbara/Westlake). The group bills itself as the nation’s largest group of angel investors. Investors must be accredited by the U.S. Securities and Exchange Commission, which requires individuals to either earn at least $200,000 a year ($300,000 jointly with spouse) or have a minimum net worth of $1 million. Tech Coast Angels invested nearly $11 million in 2005 alone and has invested in more than 100 companies to date.
Falk is the great, great grandson of the founder of Falk Corporation, Franz Falk. Falk Corporation is America’s leading producer of industrial gear drives and shaft couplings. In May 2005, Rexnord Corporation acquired Falk Corporation from Hamilton Sundstrand, a subsidiary of United Technologies Corporation, for $295 million. The Falk Corporation, headquartered in Milwaukee, has annual sales of $200 million.
Falk is also a member of the board of advisors for the Division of Politics & Economics. He received his bachelor’s degree from Stanford University.