Billionaire Carl Icahn will be the featured speaker at Drexel University's LeBow College of Business Commencement ceremony on Saturday, June 14. Approximately 375 undergraduate students, 148 MBA students, 15 MS students, and eight Ph.D. students will receive degrees during the ceremony.
Icahn began his career on Wall Street in 1961. He formed securities firm Icahn & Co. in 1968, and began taking control positions in individual companies a decade later. Icahn and his affiliated companies currently own businesses in a wide range of industries, including real estate, gaming, energy, telecommunications, transportation, industrial services, and manufacturing. Companies in which Icahn and his affiliates currently own majority positions include ACF Industries, American Railcar, XO Communications, Philip Services, Icahn Enterprises LP, and American Casino and Entertainment Partners. He recently made headlines as the Yahoo shareholder - he owns 4.3 percent - who is vying for a Microsoft takeover of the company.
Icahn's many charitable interests, focusing primarily on child welfare, include education and medicine. His philanthropic activities include support to organizations such as his alma mater Princeton University, Choate Rosemary Hall and Mount Sinai Hospital. His foundation, the Children's Rescue Fund, has built a house for single mothers and operates two homeless shelters.
The 8:30 a.m. ceremony will be held at Drexel's Daskalakis Athletic Center, 33rd and Market Streets, in Philadelphia. Admission is with ticket only.