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Investor who allegedly bribed his son into USC could lose hundreds of millions

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Liberal Democrats, too lazy and stupid to compete 
scholastically.  This is the result of the present day inferior 
California school system, once the envy of the entire free 
world, after 40 years of Democrat control and parasitic 
socialist union infestation.

TAGS: Cheat Lie Bribe Obama Ignorant Liberal Dumb Crime College 
High School Sports USC Coach ACT Democrat LA Times, Washington 
Post, NY Times Elite Hollywood TV Media Twitter youTube Scumbags 
Kiss Your Job Goodbye

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Not only does his kid risk being expelled, but a rich dad caught 
up in a nationwide bribery scandal risks losing hundreds of 
millions of dollars for his alleged role, The Post has learned.

TPG bigwig Bill McGlashan stands to lose upward of $300 million 
in TPG investments after he was fired Thursday for allegedly 
paying for a fake athletic profile to get his son into college, 
The Post has learned.

The termination, which McGlashan is already fighting, would cut 
him off from numerous investments he helped bring to the $103 
billion firm, including stakes in Airbnb and Uber, which are on 
the verge of lucrative public offerings, sources said.

On Thursday, TPG execs sent McGlashan a “notice of termination.”

“We will be in touch to advise you of the economic consequences 
of the termination of your employment,” they said, according to 
emails.

McGlashan, 55, promptly rejected it — saying he had resigned 
before they could fire him, according to emails reviewed by The 
Post.

“I am perplexed by your attempt to terminate me because, as you 
acknowledged in your e-mail, you had already received my 
resignation,” McGlashan retorted.

Only two days earlier, McGlashan was accused of paying $250,000 
to get his son into the University of Southern California, 
including by making it appear his son was a kicker for his high 
school’s football team.

“Pretty funny. The way the world works these days is 
unbelievable,” McGlashan said after learning that his son would 
be Photoshopped to look like a kicker, according to court 
documents.

If TPG gets its way, McGlashan will be forced to forgo his share 
of profits in TPG funds tied to stakes in companies the firm 
still owns, a source said.

McGlashan, the founder and managing partner of the TPG Growth 
Funds, stands to earn $120 million from Uber alone, a source 
said.

McGlashan was also co-founder of The Rise fund, along with U2 
frontman Bono, which has raised billions over the years by 
promising to make the world a better place.

McGlashen declined comment. TPG did not return calls.

https://nypost.com/2019/03/14/investor-who-allegedly-bribed-his-
son-into-usc-could-lose-millions/
     

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Investor who allegedly bribed his son into USC could lose hundreds of millions "Elizabeth Paige Laurie" <cblasey@paloaltou.edu> - 2019-03-18 09:56 +0100

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