TPG Fires McGlashan After Being Charged in College-Admissions Scandal

The transcript discusses the resignation of Mcglashan from TPG and the subsequent termination notice issued by TPG. Mcglashan's motives for releasing emails and preempting his termination are explored, possibly aiming for financial compensation. The impact on TPG and its investors, particularly public pension plans, is considered, with concerns about negative optics and headline risk. Despite the situation, TPG's large team and interim leadership by Jim Coulter provide some reassurance to investors.

What was the sequence of events regarding McGlashan's resignation and TPG's response?

• TPG fired McGlashan before he resigned.

• McGlashan resigned after TPG fired him.

• TPG and McGlashan mutually agreed to part ways.

• McGlashan resigned before TPG could fire him.

Why might McGlashan have tried to preempt his firing by TPG?

• To secure a better position elsewhere.

• To negotiate a higher salary.

• To gain public sympathy.

• To avoid losing his job benefits.

What does being terminated 'for cause' typically imply?

• The employee receives a severance package.

• The employee is eligible for rehire.

• The employee can sue the employer.

• The employee may not receive certain compensations.

How did TPG attempt to reassure its investors following McGlashan's departure?

• By appointing Jim Coulter as interim Co-head.

• By offering higher returns.

• By increasing the fund size.

• By reducing management fees.

What is the primary concern for TPG's investors regarding McGlashan's situation?

• The decrease in fund performance.

• The negative publicity and headline risk.

• The potential loss of their investments.

• The increase in management fees.