June 11, 2007

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LEWISBURG, Pa. — Kenneth G. Langone, a member of Bucknell University's Class of 1957 and Bucknell trustee emeritus, was honored with the Stephen W. Taylor Medal during Bucknell's recent Reunion Weekend.

The Stephen W. Taylor Medal, the University's most significant award, is given in honor of those who render extraordinary service to the University. Langone is the 15th recipient since the award was established in 1972.

Bucknell President Brian C. Mitchell presented the medal to Langone, saying during the presentation, "You have brought to Bucknell University a spirit and determination that have touched the lives of generations of Bucknellians. You have displayed generosity of the highest order and left an indelible imprint upon our campus, shaping student life with the facilities dedicated in your family name. You are a strong leader whose vision inspires others to achieve.

"Your egalitarian ideals and unwavering support for scholarship have opened doors for many deserving recipients. A worthy successor to Stephen W. Taylor, author of the Charter of the University, designer of the first curriculum, architect of the original campus and acting president from 1845 to 1851, your deeds embody his charge to the founding fathers of our institution: 'Unite; and in the wisdom and strength which God has given you, rise and build.'"

A lucky Bucknellian

In accepting the award, Langone said, "How wonderful it is in this country that you can be whatever you want to be if you want to be it badly. I can't tell you how grateful I am that I got accepted in this institution and that I came here. Every single day of my life I think about how lucky I am to say I was a Bucknellian, every single day.

"Too much has been written about our net worth because it's not defined correctly. It's not how much you have, it's how much good you do with what you have that defines your net worth."

In closing, Langone said, "All of us in this room have an opportunity, and all of us not in this room, have an opportunity to give back, not give, to give back to this place that can so profoundly impact the lives of young people. Bear in mind it's young people that are not just the future of America but the future of the world." [Listen to complete Langone speech.]

Alumnus and trustee

Langone graduated from Bucknell in 1957 with a degree in economics and from New York University with a master's degree in business administration in 1960. He has served as a Bucknell trustee since 1980, serving at various times as chairman of the nominating, endowment, and executive committees, until 1996 when he attained emeritus status.

His business career included positions with the Equitable Life Assurance Society of the United States and R.W. Pressprich & Company before founding Invemed Associates, Inc., in 1974, and co-founding Home Depot in 1978.

Langone also has served on numerous boards including AutoFinance Group, St. Jude Medical and as the Board of Overseers at New York University's Stern School of Business. His charitable activities have included serving on the boards of the Children's Oncology Society of New York and the Damon Runyon-Walter Winchell Cancer Research Fund as well as the Geisinger Foundation of Danville.

The Kenneth G. Langone Scholarship has been awarded to 64 Bucknell students in recognition of their high integrity, loyalty and steadfast determination in their daily lives. In addition, the Kenneth G. Langone Athletics and Recreation Center, and the Elaine Langone Center honor the contributions of the Langone family.

Ken Langone '57 and his wife, Elaine, at Reunion Rally

Posted June 11, 2007