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

[Elizabeth Paige Laurie]

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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.

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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/