We remember and celebrate the life of Robert H. Deming, two-time Leeds alumnus (Acct鈥�56 and MS Mgmt鈥�59) and longtime, generous supporter of the Leeds School of Business and namesake of the Deming Center for Entrepreneurship.
Bob Deming passed away peacefully at his home in Maui, Hawaii, on September 4 with his wife of 67 years, Beverly A. Deming, at his side.
Born, May 16, 1934, to Margaret and Herschel Deming in Indianapolis, Indiana, Bob moved to Denver at age 13, where he met Bev Baker, the love of his life. They married at age 19 in 1953 while they were students at the 乐播传媒 Boulder, surviving their first year together living in a married student housing trailer with no running water.
As students, Bob worked at the Federal Center and the Colorado Daily and Bev was a telephone operator. After receiving his master鈥檚 degree from the 乐播传媒鈥檚 School of Business, he culminated his education with a Doctorate from Harvard Business School in 1963.
An entrepreneurial life well lived
Bob had an enormously successful career. His strong entrepreneurial spirit led him to found his first company, DESA Industries, in 1968, and eventually acquire and take Toastmaster Inc. (manufacturer of portable kitchen appliances) public on the New York Stock Exchange.
After selling Toastmaster Inc. in 1998, he endowed the Robert H. and Beverly A. Deming Center for Entrepreneurship. Because of their devotion to CU, they also endowed professorships, scholarships and several dedicated rooms in the Koelbel Building.
In his life, Bob received the Distinguished Alumni Award from the 乐播传媒鈥檚 School of Business, was a member of the Young Presidents Organization and served as International President of the Chief Executives Organization. He was also an assistant professor at CU Boulder in the early 1960s.
The keys to Bob and Bev鈥檚 success include motivation, perseverance and strong entrepreneurial spirit, which gave them the priceless gift of traveling the world together. They visited nearly 40 countries and all 7 continents.
He was the proud father of 4 sons, 8 grandchildren and 4 great-grandchildren. His son Rob predeceased him.
Deming鈥檚 legacy remembered
Bob believed that "success is in the journey, not the destination." The Demings鈥� goal via their endowment is to fuel the success of Leeds鈥� dynamic entrepreneurship program and provide the resources to propel the program to ever greater heights.
With his support, CU Boulder became the first university to offer a PhD in entrepreneurship in the world. The university鈥檚 Entrepreneurship Center was one of the first 20 entrepreneurship centers in the world when formed and later supported by Deming. The Deming Center Venture Fund was one of the first student-run VC funds in the world.
鈥淏ob was a true innovator, believing in and supporting entrepreneurship education while others thought it was a fad. His and Beverly鈥檚 excitement and enthusiasm for inspiring and empowering our students and听 community to change the world through the entrepreneurial mindset was transformative. His support made a big, positive difference in the lives of thousands of CU students and community members. For this, we will be forever grateful.鈥�
Erick Mueller, Executive Director, Deming Center for Entrepreneurship
听
He will be deeply missed by our community, but his legacy will live on at Leeds and the
More Deming News
Creative Distillation Returns 9/19: Season 6 Brews Up Fresh Insights on Entrepreneurship and Craft
The Refinancing Mistake You Don't Want to Make
Refinancing a mortgage may seem increasingly attractive, but proceed carefully, as a bad refi can cost you tens of thousands, according to a CU Boulder expert.听
Making Sense of How Consumers and Economists View Markets
People鈥檚 economic reasoning tends to be grounded in simplified assumptions, moral intuitions and firsthand marketplace experiences.