1) April 1999. Budget Cuts orchestrated by Lowder as head of BoT Finance Chair eliminate the PhD. program in Economics, pissing off a large portion of the Faculty, including then Pres. William Muse. By Feb, 2001 (led behind the scenes by Lowder) Muse has had enough, gets forced out and takes a similar position with East Carolina.
2) March, 2001, Muse along with several Faculty and Dept Chairs, initiate a formal complaint to the SACS that BoT has severely infringed upon the authority of the University President, specifically the "Micromanagement" of Lowder in both Academics and the Athletic Dept. They specifically site the Termination/Resignation of TBowden as record.
3) SACS records 9 votes of no confidence and was in the process of initiating and investigation when AU sues the SACS for lack of due process.
4) In August, 2002 a Federal Judge appoints an independent examiner to look into allegations, as well as the financial ties between the various BoT members. Richard Bradley issues a report on December 13th, but the Judge, at the insistence of SACS, deems the report inadequate. So Bradley does another investigation, the results of which are curiously sealed by a separate court order, an order which remains intact still today.
5) SACS places AU on a one year probation, the most severe sanction possible without pulling the accreditation entirely. Although hampered by a Federal Judge's restrictions, they were still able to substantiate Micromanagement issues. Specifically, the business relationships bewteen Lowder's Bank, Atty Jack Miller (BoT member as well as lead Counsel for Colonial Bank) Jimmy Rane (BoT Member whose Lumber Company's primary commercial banking relationship is with Colonial Bank, Also owning Colonial Bank Stock worth over $2.4Million), would allow Lowder and his "Minority" vote could influence the "Majority". They also noted Lowder & Co.'s involvement in both the Dye-PFP and Bowden termination as Micromanagement.