Famed investor named in elite college scandal, raising critical ethics questions for all gas efficient cars under 15000


Yesterday, William E. “Bill” McGlashan Jr., Founder and Managing Partner of the $13B TPG Growth fund, was indicted in the elite college scandal . He was particularly noted for his candor in recorded phone calls about his efforts to buy a slot at USC for his child for $250,000. The tactic, employed by ringleader William Singer, was to photoshop McGlashan’s son to look like a recruitment-worthy football kicker — despite the fact that his son’s high school did not have a football team gas prices in texas.

The fact that McGlashan was a proponent of ethical investment has raised several deep questions for the sector, and for the general public. Does exercising your unchecked privilege in the world make you less ethical – separate from whether or not your actions are illegal? Should promoters of ethical investments be held to a higher standard when it comes to their personal ethics? Do you need to have electricity games online free impeccable ethics to be a good impact investor?

Having spent 18 years in the impact investing sector, and interacted with all types of investors, I would actually argue that impact investors should not be held to any higher standards. Investors are, and should be, held to basic ethical standards, period. But these “basic ethical standards” must be considered far beyond simple legal standards.

It’s too easy for us to read this story and gas house eggs say, “I would never do something that outrageous, or that illegal” and write off the lessons for impact investment generally, or simply write off The Rise Fund and the many skilled, ethical professionals who also played critical roles in its formation. The opportunity here is for all electricity and magnetism of us in the field to think more critically about how we hold and share power.

Ethics is also about acknowledging the ways that those of us with privilege — whether it be due to social class, race, gender identity, sexual orientation, or the intersections between — can be complicit in exploiting others through fully legal means. As this New York Times editorial thoughtfully pointed out, wealthy individuals have always legally worked the system when it comes to accessing elite education — Charles Kushner happening to make a $2.5M pledge to Harvard at the time of his son, Trump’s son-in-law Jared Kushner’s admission comes to mind. This recent case is simply a more extreme version of what we’ve always known to be true, and what we — the generally economically privileged class of impact investors — tend to replicate when we make investment decisions with unchecked privilege.

As I wrote in Real Impact, “Replicating past electricity projects ks2 mistakes is all too easy, because the conventional financial system automatically gives us the power — even encourages us — to make exactly the wrong decisions.” It’s perfectly acceptable, and definitely legal, to many impact investors to celebrate job creation at $7.25/hr while the owners of an enterprise make $50 off that labor — because that wage is “good enough for those people.” Is that ethical electricity towers health risks? It’s considered reasonable to charge a woman 300% interest on a microloan, because her next best alternative was 1,000% from the local moneylender… and then make ~250x on the IPO of the microloan provider . Is that ethical? In general, unbalanced relationships to capital and privilege often lead impact investors to take advantage of people in vulnerable situations, desperate for alternatives – in ways that are completely legal. They may even be thanked for doing so.

Conversely, doing the thing that’s legal is not always synonymous with doing what’s most gas questions ethical. Investing is a regulated industry, such that all advisors and managers are required to follow the law both in their personal and professional lives. If anything, the concern I have with the regulation of impact investment managers, and policing of our law-abidingness, is that it actually limits our activism and ability to engage in civil disobedience — as Martin Luther King said in Letters from a Birmingham Jail , “ one has a moral responsibility to disobey unjust laws.”

At times a little more ethics and a little less unjust law-abiding could actually be the better posture for impact investors to take. Civil disobedience can 1 unit electricity cost in andhra pradesh be critical as we seek to both support frontline communities who literally put their bodies on the line in public protests s gashi, and also push the boundaries of society when it comes to how we treat people and the planet.

I would posit we ALL could be more ethical, and most critically, more effective impact investors by examining our individual relationships to privilege. What are your sources of privilege? How do they impact the relationships with those whom you hope to benefit? What are benefits you might be given by financial systems that you may want to renounce, in order to strengthen your social impact? What are ways you can check your privilege, particularly when it comes to crafting investments that add value rather than extracting it from communities?

McGlashen himself once noted, ” Capitalism isn’t immoral as much electricity and circuits class 6 ppt as amoral. It needs to be managed and directed in a way so we can all know what we’re getting into when we build businesses and invest capital.” I agree with him 100% on that point, and would challenge him — and all of us — to significantly raise the bar when it comes to ethics.