From Patrick Howell O’Neill at Gizmodo:
The most prominent Silicon Valley figures to be charged is Bill McGlashan, the founder and managing partner at the venture capital firm TPG Growth. McGlashan is famous for jackpot investments in companies including Uber and Airbnb. Authorities allege that McGlashan paid to have his son admitted to USC as a football recruit even though his kid’s school had no football team.
McGlashan resigned his post at TPG Growth on Thursday.
McGlashan was, up until this week, most famous for advocating ethical investing with an eye for social impact. More.
Reality check: Yes. If you ever wondered whether “ethical investing with an eye for social impact” sounded like BS, we seem to have answered your question.
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