MILL VALLEY (KRON) — A Silicon Valley executive implicated in the recent college admissions scheme has been fired from his position with TPG, according to the investment company headquartered in San Francisco.
The company says Bill McGlashan was terminated because his alleged behavior violates the values of the organization.
In a statement, a spokesperson for TPG said:
“Bill McGlashan has been terminated for cause from his positions with TPG and Rise effective immmediately. 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. As we stated in the previous announcement of Mr. McGlashan’s administrative leave, Jim Coulter will take over managing partner responsibilities for TPG Growth and Rise.”
The Mill Valley resident has been charged with conspiracy to commit mail fraud and honest services mail fraud.
McGlashan was a senior executive at the global firm.
According to the affidavit, McGlashan participated in both the college entrance exam cheating and college recruitment schemes, including by conspiring to bribe the senior associate athletic director at USC, to facilitate his son’s admission to USC as a recruited athlete.
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