Louis Caldera served a whole 3 years as UNM president. In January 2006 it was announced he would resign the presidency of UNM effective that August 2006. There was speculation his relationship with the Regents, who have ultimate authority over UNM, deteriorated after 30 months as president. There was no comment by either side, but his severance package amounted to an agreement for Caldera to be paid $700,000 through July 2007. Once again, university presidents are big money. Another search was done afterwards and another president was selected, and given lots of money.
Later Caldera became director of the White House Military Office in 2008 under Obama. He did not last long at that job. He ordered a promotional photo-op of Air Force One by flying it low near the Manhattan skyline with some F-16‘s flying by it. New Yorkers who were still freaked from 9/11 got major deja-vu from the incident, especially since it was done without public notice. Obama was reportedly infuriated with the incident. Caldera accepted responsibility and subsequently resigned.