When 'Social Good' Goes Bad

The transcript discusses the fallout from Bill Mcglashan's involvement in the USC admissions scandal. TPG, where Mcglashan was a CEO, is conducting an investigation to ensure no business-related misconduct occurred. The scandal raises questions about the responsibilities of employees in socially conscious funds. Wall Street is reacting by scrutinizing their practices. A profile of Mcglashan highlights his previous business activities and associations.

What was the initial reaction of Reid regarding the fall of Bill Mcglashan?

What actions is TPG taking in response to the investigation involving Bill Mcglashan?

How does the situation with Bill Mcglashan raise questions about the responsibilities of employees at socially conscious funds?

What concerns are being raised among Wall Street teams regarding their practices in light of the scandal?

What contradictions are highlighted in the behavior of Bill Mcglashan in relation to his promotion of the rise fund?