The CEO who fired 900 people on Zoom just before Christmas wants his job back
Vishal Garg, the founder and former CEO of Better Home & Finance, is attempting to reclaim his position after being terminated. Garg claims he has secured a voting majority of shareholders to support his return and is working to regain control of the board. Better Home & Finance has responded to these attempts, and the company's current CEO is reportedly vacationing in France while Garg plots a boardroom coup. The dispute has evolved into a public feud between the ousted founder and the organization.
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- ✓ Vishal Garg was the CEO of Better Home & Finance.
- ✓ Garg fired 900 employees via a Zoom call in 2021.
- ✓ The board of Better Home & Finance terminated Vishal Garg.
- ✓ Vishal Garg is seeking to return to his role as CEO.
What changed
Vishal Garg is now actively claiming shareholder backing to oust the current board and reclaim his CEO role.
Live updates
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Ousted Better CEO Vishal Garg seeks to retake control of company
Vishal Garg, the founder and former CEO of Better Home & Finance, is attempting to reclaim his position after being terminated. Garg claims he has secured a voting majority of shareholders to support his return and is working to regain control of the board. Better Home & Finance has responded to these attempts, and the company's current CEO is reportedly vacationing in France while Garg plots a boardroom coup. The dispute has evolved into a public feud between the ousted founder and the organization.
Why it matters
Garg gained notoriety in 2021 for firing 900 employees during a short Zoom call just before Christmas. He led the company, which was valued at $7 billion, until his recent removal.
What is confirmed
- Vishal Garg was the CEO of Better Home & Finance.
- Garg fired 900 employees via a Zoom call in 2021.
- The board of Better Home & Finance terminated Vishal Garg.
- Vishal Garg is seeking to return to his role as CEO.
Still unconfirmed
- Garg has lined up a voting majority to retake control of the company.
What to watch next
- Court filings or board responses regarding Garg's bid for control.
confidence 90%Sources used for this update (16)
- nypost.com — Exclusive | Better.com’s new CEO vacations in France as company’s ousted founder plots boardroom coup: sources
- CNN — The CEO who fired 900 people on Zoom just before Christmas wants his job back
- HousingWire — Better founder Vishal Garg lines up voting majority to retake control
- Business Wire — Better Home & Finance Holding Company Responds to Terminated CEO Vishal Garg’s Latest Attempt to Gain Control of the Company
- WKRC — CEO who fired 900 employees over Zoom gets fired, demands job back
- Bloomberg — Watch Better Home & Finance Founder on Fight for Company
- LinkedIn — Vishal Garg says shareholders back his return to Better
- mpamag.com — Garg claims majority backing in bid to reclaim Better's board
- National Mortgage Professional — Better Says It Fired Vishal Garg After He Moves To Oust Board
- Scotsman Guide — Better and ousted CEO trade barbs in fractious corporate feud
- The Times of India — In 2021, Vishal Garg, CEO of $7 billion company fired 900 people on Zoom call; five years later he has been sacked; read 'termination letter'
- The Times of India — Doom! Board lowers the boom on Indian-American CEO who fired 900 employees over Zoom
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