CEO Fired by His Own Board | Madison News

Vishal Garg, the controversial CEO who famously laid off 900 employees on a Zoom call, is now claiming he was unfairly fired from his own company, Better — just as it appeared to be turning around after years of turmoil. Once valued at $8 billion during the pandemic boom, Better’s worth has plummeted to $300 million. Garg says he’s driving a rebound with AI-powered mortgage tools, projecting $200 million in annual sales — up from $70 million last year. Though he admits his tough leadership hurt morale, he believes he was finally making progress and that the board made a mistake by ousting him. The board brought in a new member who convinced others to replace Garg — and since then, stock dropped another 45%. Garg is rallying early investors, hiring top legal counsel, and even offering to work for $1/year until profits return, confident he’s still the best person to lead Better back to success. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/9de4067dca287c13