Bloomberg booked for Penn's commencement

February 19, 2008 8:17:39 AM PST
New York Mayor Michael Bloomberg will be the graduation speaker at the University of Pennsylvania this spring.

Penn officials say the 66-year-old mayor, who also founded the financial information company Bloomberg, L.P., will receive an honorary doctor of laws degree.

Penn President Amy Gutmann praises Bloomberg as a "highly successful entrepreneur, noted philanthropist and tireless public servant."

The university will also give honorary degrees to Grammy Award-winning musician Paquito D'Rivera and Harvard University President Drew Gilpin Faust, who is a former Penn history professor.

The ceremony will take place at Franklin Field on May 19.