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.
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26 Articles
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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…
Vishal Garg, founder of Better.com, was dismissed in August and now demands to return to management, accusing his successor, Daniel Lewis, of cheating him. With the support of investors and an offer to work for an annual dollar, he seeks to regain control of the artificial intelligence mortgage company. *** The former CEO of Better, Vishal Garg, asks for his relocation after being dismissed in August. He accuses Daniel Lewis of having been trick…
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