TPG's Winkelried Says McGlashan Charges in College Scam Were 'Pretty Shocking'

The transcript discusses the company's response to the admission scandal involving Bill McGlashan. It highlights the swift actions taken, including offering investors the option to withdraw their funds. The company communicated with stakeholders and initiated an internal investigation to ensure no business impact. Despite the scandal, investor support remains strong, and the company continues to focus on its growth and impact franchises.

What was the firm's initial response to the admission scandal involving Bill Mcglashan?

• They ignored the issue.

• They communicated with stakeholders and offered investors their money back.

• They fired all involved employees.

• They denied any involvement.

What was the main focus of the internal investigation conducted by the firm?

• To hire new partners.

• To expand their growth equity franchise.

• To ensure the scandal did not affect business operations.

• To find new investment opportunities.

How did the investors react to the firm's handling of the scandal?

• They demanded a change in leadership.

• They filed a lawsuit against the firm.

• They withdrew all their investments.

• They were supportive and understood the context.

What is highlighted about the firm's growth and impact franchise?

• It has made no significant investments.

• It is solely focused on profit.

• It is planning to shut down.

• It has made close to 30 investments over a billion in capital.

What option was given to investors in light of the scandal?

• To increase their investment.

• To take their money back and reevaluate their commitment.

• To receive a bonus.

• To join the board of directors.