The CEO who fired 900 people on Zoom just before Christmas wants his job back

Key Points:

• Vishal Garg, recently ousted CEO of Better Home & Finance, accuses his successor Daniel Lewis of deception, claiming Lewis used praise and support to gain a board seat before orchestrating Garg's removal.
• Better Home & Finance's valuation plummeted from $8 billion during the pandemic refinancing boom to $300 million amid rising mortgage rates and a failed SPAC merger, but Garg asserts the company was on the verge of a turnaround with AI-driven mortgage processing and strategic partnerships.
• Despite past controversies, including a widely criticized mass layoff via Zoom and SEC investigations, Garg claims Better tripled loan volume and improved productivity, positioning the company close to profitability before his ouster.
• Since Lewis took over as CEO, the company's stock has dropped 45%, and Garg has garnered investor support to reclaim his position, hiring attorney Alex Spiro and offering to work for $1 annually to restore profitability.
• Garg remains optimistic about Better's future, emphasizing his commitment to helping people achieve homeownership and expressing hope for a resolution that reinstates him as CEO.