<p>Yale, Columbia, and Cornell don’t have famous commencement speakers, either, at least as far as I know. Some of them have invited speakers for a Class Day before commencement, but that’s generally a much lower-key thing than commencement.</p>
<p>I think the famous-commencement-speaker tradition is stupid, and usually a huge waste of money. Maybe one in ten speeches is worth listening to, and that’s generous.</p>