TPG executive Bill McGlashan placed on leave after he’s charged in college admissions scheme

New York (CNN Business)William McGlashan, an executive at private equity firm TPG who leads its social impact investing efforts, has been placed on indefinite leave after he was charged in a nationwide scheme to get students into elite colleges. TPG told CNN Business in a statement that because of the “charges of personal misconduct” against McGlashan, he’s been placed on indefinite administrative leave, effective immediately. In December 2017, McGlashan allegedly paid $50,000 to the charitable arm of the college prep group with the understanding that the company would correct his son’s answers on the ACT. His son ultimately received a score of 34 out of a possible 36, the complaint said. McGlashan, whose conversations were recorded by wiretap, is also …