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Friday, May 29, 2009

Lowder retiring from post at Colonial BancGroup

Not sure what affect, if any, this will have on Auburn athletics, but when the most influential member of the Board of Trustees resigns from his day job, it's probably newsworthy.

Bobby Lowder announced yesterday that he is retiring after 27 years from Colonial BancGroup. As you know, Lowder was at one point widely considered one of the most powerful college boosters in the nation. He is on Auburn's Board of Trustees until April 21, 2011.

Just for kicks, here's an ESPN story from a couple years ago about Lowder's influence on everything athletics related at Auburn, back before Lowder's role on the Board of Trustees diminished and Colonial BancGroup took a financial punch in the mouth.

5 comments:

rossinalabama said...

Ah what a wonderful Friday...good riddance to Mr. Lowder. Now if only the yella fella's business can go down the tubes. Na I won't wish that on him...but it is interesting these men who focus so much on college football are now losing what really matters.

Anonymous said...

"retiring" my butt

they're running him out ... the sooner the better

Anonymous said...

Really?

Lowder's influence on the BOT has diminished?

When pigs fly...

rossinalabama said...

RJ, Mr. Lowder's company is in ruin. Colonial stock has declined 78% since this time last year to $1.30. It's over ...pigs are flying...the fat lady has sung...and so forth. Without the large sum of cash his power is substantially diminished.

BeBAD.us said...

WHAT - Booooby retires when his he gonna resign??


NOW if the cat would just resign from AU BOT and move to AK - the World would be a better place!