Meera Kumari
Vishal Garg, the CEO of Better Home & Finance who gained notoriety for firing 900 employees via a Zoom call in 2021, has himself been ousted from his position. On August 3, hedge fund manager Daniel Lewis took over the CEO role after joining the board. Garg has accused Lewis of betrayal and bad faith, alleging that Lewis manipulated the board to remove him. The company's financial health has deteriorated significantly, with annual sales dropping from $1.5 billion in 2021 to $70 million in 2023, and shares plunging 93%. Garg has now hired high-profile lawyer Alex Spiro to fight for his reinstatement.
https://www.varthabharati.in/vishesha-varadigalu/shock-to-boss-who-gave-gate-passes-to-900-employees-ceo-vishal-garg-himself-loses-job-2268433