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Ally Financial CEO to resign and take new job in Charlotte + GOP ‘Trojan horses’ in school board race?

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On to the news.

1. Ally Financial CEO to resign. He’s already got a new job lined up in Charlotte.

Earlier this summer, Ally moved in as the anchor tenant of a 26-story tower on Tryon Street. It’s one of multiple ways the bank is working to grow its Charlotte presence.
Earlier this summer, Ally moved in as the anchor tenant of a 26-story tower on Tryon Street. It’s one of multiple ways the bank is working to grow its Charlotte presence. Courtesy of Crescent Communities

After more than eight years as CEO, Jeffrey Brown plans to resign from Ally Financial.

Brown leaves Ally for a new role as president of Hendrick Automotive Group here in Charlotte. Just last week, Ally announced it was laying off about 5% of its employees, citing “a difficult macroenvironment.”

Adam Bell with more on Brown’s resignation.

2. New Catawba chief rejects money deal to break up Two Kings Casino developer

Rows of slot machines are hooked up and ready for the opening of a “prelaunch” facility in early July at the Catawba Indian Nation’s Two Kings Casino Resort. The casino will be using temporary facilities until more permanent additions are made in 2022.
Rows of slot machines are hooked up and ready for the opening of a “prelaunch” facility in early July at the Catawba Indian Nation’s Two Kings Casino Resort. The casino will be using temporary facilities until more permanent additions are made in 2022. Keilen Frazier kfrazier@charlotteobserver.com

The Catawba Nation’s new chief rejects the cost of a financial deal that would break most ties with a company that’s been instrumental in launching its Two Kings Casino outside of Charlotte.

The tribe’s previous administrations approved the deal that would require the Catawba to pay SkyBoat, LLC a $125 million payout, Chief Brian Harris said. Harris, who was elected chief this summer, says it’s too much money.

Gavin Off has the latest.

3. ‘This is amazing’: Tag along with Muggsy Bogues on museum exhibit of Hornets anniversary

One of the most popular Hornets players of all time, Muggsy Bogues, toured the Charlotte Museum of History’s new exhibit celebrating the Hornets’ 35th anniversary. Bogues measures himself against an exhibit photo of him during his playing days.
One of the most popular Hornets players of all time, Muggsy Bogues, toured the Charlotte Museum of History’s new exhibit celebrating the Hornets’ 35th anniversary. Bogues measures himself against an exhibit photo of him during his playing days. John D. Simmons Special to the Observer

The Charlotte Museum of History’s newest exhibit celebrates a local staple: the Charlotte Hornets.

The new “Hive at 35” exhibit opened yesterday, and Hornets icon Muggsy Bogues was there to take it all in.

Scott Fowler tagged along with Bogues to see his reaction to the exhibit.

4. Democrats say 3 school board candidates are GOP ‘Trojan horses.’ Here are the facets | Opinion

Charlotte Mecklenburg school board members listen to speakers during the board’s meeting at the Charlotte-Mecklenburg Government Center on Tuesday, August 22, 2023. CMS is one of the first to pass policies to comply with Senate Bill 49.
Charlotte Mecklenburg school board members listen to speakers during the board’s meeting at the Charlotte-Mecklenburg Government Center on Tuesday, August 22, 2023. CMS is one of the first to pass policies to comply with Senate Bill 49. JEFF SINER jsiner@charlotteobserver.com

Are there covert Republicans on the ballot for Charlotte-Mecklenburg Board of Education in November?

Allegations of hidden loyalties have shaken up a competitive school board race in which 14 candidates are vying for just three seats. Carolina Forward, a progressive policy organization, recently alleged on social media that three of the candidates are secretly affiliated with Mecklenburg Republicans and Moms for Liberty.

Paige Masten lays out the facts.

5. Some more stories to read

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