TPG Rise founder leaves firm in wake of U.S. college admissions scandal

A plaque is pictured at University of Southern California in Los Angeles, California, U.S., March 13, 2019. REUTERS/Mario Anzuoni

NEW YORK (Reuters) - TPG Capital said on Thursday it had fired senior executive Bill McGlashan after he was charged in connection with a U.S. college fraud scheme that has ensnared Hollywood celebrities and corporate elite.

"We believe the behaviour described to be inexcusable and antithetical to the values of our entire organisation," TPG said in a statement.