Better Home & Finance Holding Company Responds to Terminated CEO Vishal Garg’s Latest Attempt to Gain Control of the Company
The Board of Better Home & Finance Holding Company terminated CEO Vishal Garg, citing concerns over his judgment and a track record that includes cumulative losses exceeding $1.5 billion and a 90% stock price decline. Mr. Garg is attempting to regain control of the company and has refused to sign mandatory representation letters required for the company's Form 10-Q filing, causing a delay. The Board has reviewed communications suggesting Mr.
Key figures
- Total loan volume
- $110 billion
- Stock price decline
- 90%
- Cumulative gaap net losses
- $1.5 billion
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