Billionaire commencement speaker hands out $1K to every graduate — but there's a catch

NORTH DARTMOUTH, Mass. (WJW) - University of Massachusetts Dartmouth graduates walked away from commencement with more than just their diplomas. They also received some unexpected cash in their pockets.

During the graduation ceremony last week, commencement speaker Robert Hale, Jr., who is the founder and CEO of Granite Telecommunications, announced that every graduate would be handed $1,000 in envelopes.