Commencement Speaker Gives Each Grad $1K—But There’s a Catch

College graduates at the University of Massachusetts Dartmouth were left stunned at their commencement ceremony this week, captured in footage with their mouths ajar as a billionaire announced he was gifting each of them $1,000.

Even better, the graduates would be getting the money on the spot, with the tech CEO Robert Hale Jr. handing them a pair of envelopes—each stuffed with $500 cash—as they walked across stage, he explained.

“Each of you is getting $1,000 cash right now,” he said, to the crowd’s bemusement.

Read more at The Daily Beast.