The CEO Who Fired 900 People on Zoom Just Before Christmas Wants His Job Back
Garg says shareholders backing his plan want a new board, a $30 million buyback and a CEO search as Better pushes toward profitability.
- On Thursday, August 13, 2026, founder and former CEO Vishal Garg announced he secured majority shareholder support to reconstitute the board of Better Home & Finance Holding Company and resume his turnaround strategy.
- This development follows the recent leadership transition where board member Daniel Lewis replaced Garg as interim CEO last week, a change Garg argues stemmed from conflicting perspectives on company innovation.
- To restore shareholder value, Garg proposed working for $1 annually until profitability, personally investing $30 million, and launching an independent search for a permanent successor while continuing cost-reduction efforts.
- Shares have fallen 45% since Lewis took over, prompting Garg to retain attorney Alex Spiro to demand his reinstatement and a board overhaul addressing ongoing volatility.
- Despite the management disputes, the company expects to reach profitability by the end of Q3 2026, driven by increased funded loan volume of $1.67 billion and the scaling of Tinman AI.
23 Articles
23 Articles
By David Goldman, CNN. Vishal Garg feels cheated. “He tricked me,” the recently ousted CEO of Better Home & Finance said of Daniel Lewis, the man who replaced him last week. “He said he liked the company’s strategy. He praised us on X and used that to get onto our board and gain our trust.” Garg, who made headlines for laying off 900 employees in a company Zoom meeting just before the 2021 holiday season, says he was fired on August 3 just as he…
Better founder Vishal Garg lines up voting majority to retake control
Vishal Garg, the founder and former CEO of Better Home & Finance Holding Co., is seeking to regain control of the company after securing support from shareholders holding a majority of its voting power. Garg has retained attorney Alex Spiro in connection with the shareholder action, according to an announcement Thursday evening. In a letter delivered to Better’s board, Garg said he has signed declarations from shareholders representing a majorit…
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