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Bettercom

All articles tagged with #bettercom

business2 months ago•2 min saved

Better.com Founder Garg Demands Return as CEO After Stock Plunge

Vishal Garg, the former CEO of Better Home & Finance known for firing 900 staff via Zoom in 2021, is demanding his job back after being ousted in August 2026. Garg argues the company is nearing profitability through AI-driven mortgage processing and partnerships with Intuit, Coinbase, and OpenAI. He claims his successor, Daniel Lewis, deceived the board and that the stock has fallen 45% since Lewis took over. Garg has retained a lawyer and asserts he holds enough voting power to reclaim the role, offering to work for $1 annually until the company stabilizes.

via ABC7 Chicago|

#bettercom #business #corporate-governance

business2 months ago•10 min saved

Vishal Garg fights to reclaim Better.com CEO role after board ouster

Vishal Garg, the founder of Better.com who became infamous for firing 900 staff via Zoom in 2021, has been ousted as CEO by his own board. He is now suing to regain his position, claiming his replacement, Daniel Lewis, deceived the board. While Garg cites a near-profitable turnaround, the company has suffered massive losses and a 90% stock decline since 2022.

via The Independent|

#bettercom #business #corporate-governance

business2 months ago•3 min saved

Better.com Founder Garg Demands CEO Role Back After Lewis Ouster

Vishal Garg, the founder of Better Home & Finance, is fighting to reclaim the CEO position after being ousted in August 2026. Garg argues that his successor, Daniel Lewis, deceived the board by praising the company’s strategy while secretly planning to take over. Although Garg was removed for governance concerns, he claims the company was nearing profitability through AI-driven mortgage processing. Investors have reacted negatively to the change, with the stock falling 45% since Lewis took charge. Garg has retained legal counsel to demand his return, offering to work for $1 a year until the company becomes profitable.

via ABC7 Los Angeles|

#bettercom #business #corporate-governance

business2 months ago•10 min saved

Better.com Founder Vishal Garg Launches Boardroom Coup to Reclaim CEO Role After Ouster

Vishal Garg, the Indian-American founder of Better Home & Finance, is attempting to reclaim his CEO position after being ousted in August 2026. Garg, who became globally notorious in 2021 for firing 900 employees via a Zoom call, claims he was removed by interim CEO Daniel Lewis just as the company neared a financial turnaround. Garg has retained prominent legal counsel and secured backing from shareholders holding special voting rights, offering to work for $1 annually until the company becomes profitable. The dispute highlights a sharp divide between Garg’s claims of imminent success and the board’s citation of over $1.5 billion in cumulative losses and concerns regarding his judgment.

via The Times of India|

#bettercom #business #corporate-governance

business2 months ago•4 min saved

Better.com Founder Garg Launches Boardroom Coup as Interim CEO Lewis Vacations in France

Vishal Garg, the founder of Better.com who was ousted as CEO in August, is attempting to reclaim his position by leveraging a 52% voting share bloc. While Garg claims he was 'hoodwinked' by interim CEO Daniel Lewis, Lewis has been vacationing in the South of France during the dispute. The conflict has led to the termination of co-founder Nicholas Calamari and a potential shareholder vote to remove the current board.

via New York Post|

#bettercom #business #corporate-governance

business2 months ago•21 min saved

Better.com Founder Vishal Garg Seeks Return to CEO Role After 2021 Layoff Controversy

Vishal Garg, the founder of Better.com who was ousted earlier this year, is actively seeking to regain the CEO position. Garg, known for firing approximately 900 employees via a Zoom call in December 2021, claims to have secured sufficient board support to lead a turnaround. He proposes a compensation structure of $1 per year to focus on restoring profitability through AI-driven mortgage processing and strategic partnerships.

via Yahoo Finance|

#bettercom #business #corporate-governance

business2 months ago•199 min saved

Better.com Founder Vishal Garg Launches Legal Bid to Reclaim CEO Role After Disputed Ouster

Vishal Garg, founder of Better.com, has formally demanded his reinstatement as CEO after being ousted in August 2026. Garg, represented by attorney Alex Spiro, claims to hold majority voting power and alleges that interim CEO Daniel Lewis deceived the board to seize control. The dispute has escalated into a legal battle over corporate control, with Better.com’s board accusing Garg of delaying SEC filings and potentially violating securities laws. While Garg cites recent operational improvements and partnerships with major tech firms, the company faces significant financial losses and a sharp stock decline following the leadership change.

via CNN|

#bettercom #business #corporate-governance

business7 months ago•3 min saved

Better and OpenAI unveil ChatGPT-powered underwriting to slash mortgage timelines

Better.com teams with OpenAI to launch a ChatGPT-based app that automates underwriting checks, cutting mortgage underwriting from about 21 days to as little as 47 seconds and enabling lenders to move faster and cut costs, positioning Better as a mortgage-as-a-service tech platform for rivals like Rocket Mortgage and United Wholesale Mortgage.

via CNBC|

#bettercom #business #fintech

business3 years ago•3 min saved

Better.com CEO Vishal Garg's Stock Crash: A Spectacular Disaster

Mortgage lender Better.com experienced a significant stock crash, with shares trading at a more than 90 percent discount just hours after going public. The company, which had built its business on fast home loans during the pandemic, has seen a decline in its business as mortgage rates rose and the housing market slowed. CEO Vishal Garg's controversial behavior towards staff, including laying off employees via Zoom and making derogatory remarks, has also contributed to investor concerns. Better.com is facing an SEC investigation and lawsuits from former business partners. Despite the challenges, Garg remains optimistic about the company's future.

via The Daily Beast|

#bettercom #business #ceo-vishal-garg

business3 years ago•3 min saved

Better.com CEO's Zoom Firings Lead to Epic SPAC Disaster as Shares Plummet 90%

Online mortgage lender Better.com, led by CEO Vishal Garg, experienced a disastrous debut on the stock market, with its shares plummeting over 90% in a single trading session. Garg, who previously made headlines for mass-sacking employees over Zoom, had hoped for a successful public listing but instead saw investor capital vaporized. The company's CFO defended the reverse merger with Aurora Acquisition Company, stating that it secured much-needed cash to navigate the challenging mortgage market. Despite the steep decline, the CFO expressed confidence in building long-term value for shareholders.

via Fortune|

#bettercom #business #mortgage-lender

business3 years ago•6 min saved

Better.com CEO Vishal Garg Shares Leadership Journey Ahead of Public Debut

Online mortgage lender Better.com is set to make its public debut on the Nasdaq Capital Market under the ticker symbols "BETR" and "BETRW" after merging with SPAC Aurora Acquisition Corp. The company has raised about $565 million in fresh capital, including a $528 million convertible note from SoftBank affiliates. Better.com, which has faced financial losses and reputational damage, aims to use the funds to grow its business, improve technology, and weather the challenges of the mortgage market. CEO Vishal Garg acknowledges the need for leadership training and rebuilding trust within the company.

via TechCrunch|

#bettercom #business #ipo