The Oscar winning star of Wall Street will collect the 2011 Kirk Douglas Award For Excellence In Film honour on Oct 13.

“The first time I saw Michael Douglas act was in a play at UC Santa Barbara, so it is fitting that a career that started here should be honoured here,” Kirk Douglas said. “To tell the truth, I wanted Michael to be a lawyer. I secretly hoped he would be bad so I could tell him to forget it. He wasn’t.

“But as proud as I am of his achievements on screen, I am even prouder of the humanitarian work he has done for the United Nations and other organizations.

Previous recipients include John Travolta, Ed Harris, Quentin Tarantino, and Harrison Ford.