I'd like to echo President Hennessy in welcoming the parents and family and friends with us today and in extending Happy Father's Day wishes to the fathers and father figures among us, in person and in spirit. My own dad is in the audience this morning - Dad, Happy Father's Day.

But much as we love you, dads, today is not about you. Today we gather to celebrate the accomplishments of this starry-eyed - OK, maybe it's dazed-looking - crowd of people sitting before us, adorned in black gowns and various other accoutrements...

To the Stanford class of 2001 - the graduate students and the undergraduates - I'm honored to be among the first to congratulate you on completing your years at Stanford. I can guarantee your parents are extrem