Viewpoint: Bill McGlashan’s firing exposes hypocrisy in impact investing
Monday, March 18, 2019
By Felix Salmon
In a big week for hypocrisy, the leader of the pack was surely Bill McGlashan, the CEO of the world’s largest impact investing fund.
McGlashan, who was once described by the New York Times as resembling “a Buddhist monk,” led a multibillion-dollar investing vehicle designed (among other things) to “expand access to educational attainment.” Simultaneously, he was allegedly spending $250,000 of his own money to bribe his son’s way into a selective university.