Bobby Lowder has long been a controversial trustee of Auburn University, seen by many as exercising too much control over the institution and its football program. But now there are questions being raised because Lowder's business reputation -- in theory part of the expertise he brought to Auburn's board -- is being challenged. Lowder recently quit the bank he led for 28 years as federal and state regulators seized it, Fortune reported, leading some to question why he leads the university's Finance Committee.
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