Bill McGlashan, the founder and managing companion of TPG Progress which is majority proprietor of CAA and helped launch STX Entertainment amongst different Hollywood entities, has been placed on administrative go away by father or mother firm TPG after he was amongst 46 folks indicted Tuesday for his or her half in a nationwide faculty bribery rip-off.
McGlashan made Self-importance Truthful‘s 2017 checklist of the 100 most influential individuals in enterprise, politics, and expertise as CEO of The Rise Fund, a $2 billion affect-funding platform co-based with U2’s Bono, Richard Branson and Jeff Skoll amongst others. With Robert Simonds, he additionally helped co-discovered STX Leisure. In 2014, TPG paid $225 million in fairness for a majority stake within the Hollywood company.
McGlashan bought his MBA from Stanford Graduate College of Enterprise and a BA with Honors from Yale College, two universities caught up within the scandal through which mother and father by means of a middleman allegedly paid thousands in bribes to check directors and coaches at high faculties like UCLA, USC, Yale, Georgetown and Stanford so their kids might achieve admission.
He’s one among a number of excessive-profile names to be indicted on prices of conspiracy to commit mail fraud and sincere companies fraud. Others embody Felicity Huffman, Lori Loughlin and Loughlin’s dressmaker husband Mossimo Giannulli.McGlashan is a member of a number of company and nonprofit boards, in line with TPG, together with Brava, Frequent Sense Progress, e.l.f. Cosmetics, Endeavor International, Fender Musical Devices, Gavin de Becker and Associates, HotSchedules, Seasoned, and XOJet.