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FIT's Commencement Trifecta... Tiffany & Co.'s $1M Gift...

Aerin Lauder and Tony Hsieh offered words of wisdom to the Fashion Institute of Technology's graduating class on Tuesday.

COMMENCEMENT TRIFECTA: Members of the 2011 graduating class of the Fashion Institute of Technology were treated to wise words from a trifecta of successful role models on Tuesday. Aerin Lauder, creative director and chairman of Aerin LLC, and Tony Hsieh, chief executive officer of Zappos.com, shared with the audience the things that have inspired them during their careers, such as Lauder’s five life lessons that draw upon focusing on the details and believing in yourself. Also on Tuesday, Simon Doonan, creative ambassador-at-large for Barneys New York, accepted The Lifetime Achievement Award, an honor that has been bestowed upon Calvin Klein, Anna Wintour and Oscar de la Renta. He likened his cap and gown ensemble to something fashion icon Daphne Guinness might wear.

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