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EspañolBOBBY LOWDER
'Robert E. "Bobby" Lowder' (b. ca. 1944 in Alabama) is an American banking executive. Lowder is an Auburn University trustee and alumnus, graduating with a B.S. in Finance in 1964.[1] The Lowder Business Building on Auburn's campus is sometimes thought to be named after him, but according to the AU website, the building is named for his parents, Edward L. and Catherine K. Lowder.[2]
Lowder founded The Colonial BancGroup, a financial institution based in the state of Alabama.[3] He is Chairman of the Board and CEO of the company, positions he has held for 25 years. As of 2006, his total compensation was $2.77 million and his five-year compensation total is $11.23 million, making him one of the top 50 highly compensated banking executives in the United States.[4]
In 2001, the Board of Trustees at Auburn summarily dismissed President William V. Muse, inspiring a widespread campus vote of no confidence in the Board. The widespread belief on campus was that Lowder exerted tight private control over the Board, and thus over the ostensibly public university, using his clout to place some of his close friends in positions of power.[5]
Lowder has long been regarded as one of the nation's most powerful college boosters and power-behind-the-scenes trustees at Auburn.[1][2] In 2003, when then-University President William Walker Jr. and athletic director David Housel secretly spoke with University of Louisville football coach Bobby Petrino about taking over Auburn University football coach Tommy Tuberville's job, it was Lowder's private jet which they flew to Louisville.[3]
1. http://www.auburn.edu/administration/univrel/news/archive/02_03news/02_03trustees.html
2. http://www.lib.auburn.edu/architecture/buildings/business_building.htm
3. http://ir.colonialbank.com/directors.cfm
4. http://www.forbes.com/lists/2006/12/Banking_TotComp_1.html
5. Basinger, Julianne. "Trustees' Ouster of President at Auburn Fuels Widespread Anger." ''The Chronicle of Higher Education'', March 16, 2001, p. A34. Last accessed by cache March 23, 2007.
Lowder founded The Colonial BancGroup, a financial institution based in the state of Alabama.[3] He is Chairman of the Board and CEO of the company, positions he has held for 25 years. As of 2006, his total compensation was $2.77 million and his five-year compensation total is $11.23 million, making him one of the top 50 highly compensated banking executives in the United States.[4]
| Contents |
| Board of Trustees controversy |
| Secret Offers |
| References |
Board of Trustees controversy
In 2001, the Board of Trustees at Auburn summarily dismissed President William V. Muse, inspiring a widespread campus vote of no confidence in the Board. The widespread belief on campus was that Lowder exerted tight private control over the Board, and thus over the ostensibly public university, using his clout to place some of his close friends in positions of power.[5]
Secret Offers
Lowder has long been regarded as one of the nation's most powerful college boosters and power-behind-the-scenes trustees at Auburn.[1][2] In 2003, when then-University President William Walker Jr. and athletic director David Housel secretly spoke with University of Louisville football coach Bobby Petrino about taking over Auburn University football coach Tommy Tuberville's job, it was Lowder's private jet which they flew to Louisville.[3]
References
1. http://www.auburn.edu/administration/univrel/news/archive/02_03news/02_03trustees.html
2. http://www.lib.auburn.edu/architecture/buildings/business_building.htm
3. http://ir.colonialbank.com/directors.cfm
4. http://www.forbes.com/lists/2006/12/Banking_TotComp_1.html
5. Basinger, Julianne. "Trustees' Ouster of President at Auburn Fuels Widespread Anger." ''The Chronicle of Higher Education'', March 16, 2001, p. A34. Last accessed by cache March 23, 2007.
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