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Caret Inaugurated As New UMass President

Robert Caret has been formally inaugurated as the 26th president of the University of Massachusetts during a ceremony attended by more than 400 people, including representatives of colleges and universities from across the country.

Caret paid tribute to the power of higher education to transform lives during Tuesday's inauguration ceremony at the John F. Kennedy Presidential Library and Museum in Boston. He said his rise to president of three major universities illustrates the point.

Caret said the university can create a $1 billion endowment and he wants sponsored research to reach $750 million over the next decade.

The inauguration was funded with private donations.

Caret took over the five-campus system on July 1 from Jack Wilson. Caret was previously president of Towson University in Maryland.

This program aired on November 1, 2011. The audio for this program is not available.

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