I got the Clarence Durbin Award, the Equity Award - which is cool because it has a cash prize which is cooler than a trophy, especially when you're a struggling actor, and you can't pay rent.
Equity is the cushion that protects financial institutions from unexpected changes in the value of their assets. The greater the leverage, the smaller the losses required to wipe out a company's equity, leaving it without enough money to repay the people who hold its debt.
When the Nobel award came my way, it also gave me an opportunity to do something immediate and practical about my old obsessions, including literacy, basic health care and gender equity, aimed specifically at India and Bangladesh.
Government acquisition of food supplies in time of war is no less important than conscription. Equity is the fundamental principle applicable to both these essential phases of war administration.
Educational equity was my way of giving my salary. It's not $10 million or anything. I'm not going to act like I'm the first guy to donate $1 million to something, but it has been good.
Michelle Obama has also done a lot of work in the scope of educational equity and being able to work with her on some of her initiatives has been awesome. I'm very honored.