-
Viewpoint: Bill McGlashan’s firing exposes hypocrisy in impact investing
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.
- Categories
- Investing
- Region
- North America
- Tags
- impact investing
-
Viewpoint: Why CEOs are still missing the point on social impact
According to the survey, while American business leaders feel more pressure than ever to speak out on social issues, they still would rather not. Instead, they’d prefer to focus on the bottom line: a plurality say their most important communications goal this year is to sell their products and services.
- Categories
- Uncategorized
- Region
- North America
-
A microloan can help poor people in Bangladesh. What about New Jersey?
The Grameen Bank, one of the pioneers of microfinance, which has been operating its program in Bangladesh since the 1970s, released a study on one of its programs in New Jersey. The program works like this: Low-income women apply for a microloan as part of a small group, and all members of the group are accountable for ensuring each member makes payments.
- Categories
- Finance
- Region
- North America
-
TPG Fires McGlashan, Lets Investors Pull Money From Social Fund
McGlashan, who led TPG’s business focused on social good and founded its growth investing platform, was named with other parents in an indictment detailing schemes that involved paying coaches and college administrators to get children into top colleges.
- Categories
- Investing
- Region
- North America
- Tags
- impact investing
-
Viewpoint: Show Me the Money: Does Going Cashless Hurt Financial Inclusion?
At first glance, the ban on cashless stores seems to fly in the face of the drive towards a truly digital economy, but both sides of the table have compelling arguments.
- Categories
- Finance
- Region
- North America
- Tags
- digital payments
-
TPG Puts McGlashan on Leave After Charges in College Scandal
The indictment comes at an inopportune time for TPG. The firm planned to start raising money for its second Rise Fund last year.
- Region
- North America
-
Viewpoint: The Problem With Opportunity Zones
The framework, funded in part by the Kresge Foundation, is an important first set of principles to guide this rapidly emerging market. But those principles are only as useful as their adoption.
- Categories
- Investing
- Region
- North America
-
MacArthur Commits $150 Million to Make Impact Investing Easier for Others
Solving really big problems, like extreme poverty around the world and climate change, will take trillions of dollars, says Rajiv Shah, president of the Rockefeller Foundation. "To bring that kind of capital to bear on the problems we hope to solve, we will need to work closely across philanthropic, public, and private sources of capital."
- Categories
- Investing
- Region
- North America
The Best of NextBillion in Your Inbox Each Week!
Subscribe to NB Notes for news, jobs & on-the-ground insights from the world of emerging markets business.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.