Prosecutors charged Bill McGlashan, a founder and managing partner at TPG Growth — which has made landmark investments in companies like Uber and Airbnb — on fraud allegations for trying to engineer the admission of his son to the University of Southern California.
What is particularly damaging for TPG is that McGlashan has positioned himself as a leading voice in Silicon Valley for social responsibility. In addition to overseeing TPG’s late-stage growth investing arm, McGlashan has partnered with other conscious leaders like Bono and Laurene Powell Jobs at The Rise Fund, a TPG investing arm that tries to make the world a better place through investments in things like dairy farms in India.
I’m taking a wild stab in the dark here in saying that his partners are not too thrilled about these revelations, especially since he is “one of the tech sector’s leading proponents of how to invest ethically and for social impact.”
What’s a “conscious leader”?
I sure do hope Bono and Mrs. Jobs are conscious.
cheaters
His partners aren’t thrilled because he got caught doing something that they’re probably not entirely unfamiliar with.
There’s a great Facebook post going around since yesterday, written by someone who talks about having written papers, testimonials, recommendations, and applications for just such people. Rich folks who couldn’t otherwise get their kids into exclusive schools—or farther—on the merits. It’s fraud all the way up.