Former CEO seeks to get job back after dismissing 900 workers

Vishal Garg, the Indian-American businessman who gained global notoriety for firing 900 employees during a three-minute Zoom call, is now attempting to reclaim his position as CEO of Better Home & Finance. Garg was ousted on August 3rd and alleges that his replacement, hedge fund manager Daniel Lewis, misled certain parties to obtain the top executive role.

According to Garg, Lewis deceived him, stating, "He told me he liked the company's strategy. He praised us on X and used that to join our board and gain our trust." Garg claims Lewis's actions were a manipulation to secure the CEO position after joining the board just a week prior to Garg's dismissal.

Garg has reportedly hired renowned lawyer Alex Spiro, a partner at Quinn Emanuel, and has dispatched a letter to the Better board of directors. The letter formally demands Garg's reinstatement as CEO. In a striking offer, Garg has proposed to work for a nominal salary of just $1 per year until the company returns to profitability. Following this period, he indicated he would gradually step down from the CEO role.

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He told me he liked the company's strategy. He praised us on X and used that to join our board and gain our trust.