Private equity firm TPG says it fired McGlashan charged in college bribery case

William 'Bill' McGlashan, founder and managing partner of TPG Growth LLC, speaks during a television interview in San Francisco, California.

David Paul Morris | Bloomberg | Getty Images

William ‘Bill’ McGlashan, founder and managing partner of TPG Growth LLC, speaks during a television interview in San Francisco, California.

The college admissions scandal that broke earlier this week has put the private equity firm TPG and one of its senior executives in a fight over whether he quit or was fired for cause.

On Thursday evening, TPG emailed a statement to CNBC’s Leslie Picker that said William McGlashan, who had been the head of its growth buyout fund, had been “terminated for cause.” He had been on administrative leave since Tuesday,…

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