Not only are his children vulnerable, but a rich father caught in a nationwide cutlery scandal risks losing hundreds of millions of dollars for his alleged role of the post.
TPG bigwig Bill McGlashan stands to lose $ 300 million in TPG investments after he was kicked Thursday to pay for a fake athletic profile to get his son to college, the post has learned.
The dismissal, which McGlashan is already fighting, would cut him from many investments that he helped bring to the $ 103 billion firm, including bets on Airbnb and Uber, which are on the brink of lucrative public offerings, sources said.
On Tuesday, TPG executives sent McGlashan a "notice of termination."
"We will be in contact to advise you on the financial consequences of the termination of your employment," they said by email.
McGlashan, 55, immediately dismissed it ̵
"I'm confused by the attempt to terminate me because, as confirmed in your email, you had already received my resignation," McGlashan retreated.
Just two days earlier, McGlashan was accused of paying $ 250,000 to get his son to the University of Southern California, including getting it to see that his son was a kicker for his senior soccer team.
"Pretty funny. The way the world works these days is amazing, McGlashan said after learning that his son would be Photoshopped to look like a kicker, according to court documents.
If TPG comes, McGlashan will be forced McGlashan, founder and managing partner of TPG Growth Funds, stands to earn $ 120 million from Uber alone, a source said.
McGlashan was also co-founder of The Rise Fund, together with U2 frontman Bono, who has raised billions over the years by legislating the world to a better place.
McGlashen declined comment. TPG did not return calls.