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 does the term 'termination for cause' imply in the context of Mcglashan's case?

What concerns might investors have regarding TPG after Mcglashan's resignation?