• In Wake of College Admissions Scandal, Sephora Plucks Olivia Jade's Partnership From Its List

    2 monthes ago - By Fortune

    It's not hard to imagine that Olivia Jade Giannulli, University of Southern California freshman, when a bit pale today when, according to Reuters, makeup retailer Sephora ended its partnership with the social media star. Giannulli's parents, actress Lori Loughlin and designer Mossimo Giannulli, have been charged in the wide-ranging college admissions cheating scandal , in which more than 50 executives and celebrities are accused of paying bribes to get their children into elite schools, including USC.
    Reuters also reports that Sephora removed Olivia Jade products from its website on...
    Read more ...

     

  • TPG Rise founder leaves firm in wake of U.S. college admissions scandal

    2 monthes ago - By Reuters

    TPG Capital said on Thursday it had fired senior executive Bill McGlashan after he was charged in connection with a U.S. college fraud scheme that has ensnared Hollywood celebrities and corporate elite.
    Read more ...

     

  • TPG Founder Bill McGlashan Fired After Being Charged in the College-Admissions Scandal

    2 monthes ago - By Fortune

    TPG said it fired Bill McGlashan , founder of the firm's social-impact funds, after he was charged this week in a wide-ranging college-admissions scandal .
    The company also is allowing investors in its second social impact fund to withdraw their commitments, according to a person familiar with the matter. The vehicle, known as The Rise Fund II LP, is still aiming to close this year with $3 billion.
    McGlashan, who led TPG's business focused on social good and founded its growth investing platform, was named with other parents in an indictment detailing schemes that involved paying coaches...
    Read more ...

     

  • Private-equity giant TPG says it fired a top executive after he was caught in the college-admissions scandal, and it's letting investors pull money

    Private-equity giant TPG says it fired a top executive after he was caught in the college-admissions scandal, and it's letting investors pull money

    2 monthes ago - By Business Insider

    Private-equity firm TPG said it fired William "Bill" McGlashan, an executive caught in the college-admissions scandal.
    TPG said he was terminated, but in a note to board members McGlashan said he resigned.
    The firm is letting investors take out their money from the latest fund McGlashan was raising.
    Private-equity company TPG said it fired William "Bill" McGlashan and would let investors pull money from the fund that he ran.
    McGlashan was first placed on leave on Tuesday after he was among dozens of parents and coaches indicted by the FBI in an alleged scheme to get students into elite...
    Read more ...