By Levi Sumagaysay | [email protected] | Bay Area News GroupPUBLISHED: March 14, 2019 at 3:48 pm | UPDATED: March 14, 2019 at 3:56 pm Bill McGlashan, one of the Bay Area figures charged in the nationwide college-admissions scandal this week, on Thursday parted ways with one of the world’s largest private equity investors. TPG Capital said it fired McGlashan, but he said he resigned. “Though it breaks my heart to write this, I feel it is now the right thing to resign from The Rise Fund and TPG Growth,” McGlashan said in a note to his fellow board members at TPG. A New York-based media strategy agency representing McGlashan sent a copy of the note to this publication, and pointed out that a separate email resignation sent to the company’s top leaders was sent an hour before the company responded that it had terminated him. A spokesman for TPG said, “Bill McGlashan has been terminated for cause from his positions with TPG and Rise effective immediately. After reviewing the allegations of personal misconduct in the criminal complaint, we believe the behavior described to be inexcusable and antithetical to the values of our entire organization.” An email thread shows McGlashan sent… Read full this story
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