But perhaps Mr. Caret's greatest asset is this: He has nothing to lose. After leaving Towson for the University of Massachusetts, Mr. Caret seemed to exude confidence. On a visit to his office in Boston last year, I got a greater sense of why. At 67, he honestly doesn't need to work. He's achieved great things at every university in which he's served. As president of San Jose State, he partnered with the city's mayor to create the nation's first joint university and city library. At Towson, his efforts to do good throughout Baltimore resulted in significant state funding increases for the university. At UMass, he was able to lobby the legislature to pay for half a student's education — thereby allowing tuition to be frozen for the past two years.