Tycoon makes buzz in commencement speech

When it comes to speeches during graduation season, few are quite as buzzworthy as the one by Hong Kong tycoon Li Ka-shing at Shantou University on Friday.

At a commencement ceremony filled with laughs and tears, Li also announced he is stepping down as honorary chairman of the university, which he established 38 years ago, and his son Richard Li Tzar-kai will continue his mission.

Li Ka-shing, who will turn 90 in July, recalled at the ceremony "where we are now was a swamp 38 years ago. Many mocked me that this was but a fool's dream. I believe then, as I believe now, that only through education can we fulfill the promise we hope for the future."