Better Home & Finance Holding Co. on Friday pushed back against efforts by former CEO Vishal Garg to regain control of the company, accusing him of a history of poor performance and attempting to pressure the board.
The company said its board, excluding Garg, unanimously voted to remove him as CEO after concerns about his “judgment, temperament and credibility.” The board cited more than $1.5 billion in cumulative GAAP net losses since 2022 and a stock price decline of more than 90% during Garg’s tenure.
The letter and announcement come details ⇒
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