Tagged: Vishal Garg

Garg proposes human engagement as a fallback and production costs below $1,000 per mortgage, while blaming the board fight for lost momentum

Better’s Special Committee dropped its challenge after an independent inspector preliminarily verified more than 52% support for removing five directors, clearing the way for Vishal Garg’s group to begin reshaping the board

Founder says he secured more than 51% of voting power to remove five directors, pending confirmation by a third-party inspector

Better disputes its former CEO’s preliminary consent count as the two sides trade accusations and an Oct. 2 target date approaches

Proxy advisers split over the founder’s campaign to remove five directors as Better tries to preserve his AI strategy without restoring his control — and without the executive hired to lead Tinman’s expansion

The proxy adviser says Garg has not made the case for removing five directors, while Better’s interim CEO outlines a narrower strategy built around wholesale, home equity, and repeatable partnerships

Former CEO targets zero monthly cash burn through higher mortgage volume, AI-driven operating changes, and $2 million in monthly savings

Directors say several heavily promoted partnerships generated less than $50,000 each, raising questions about Better’s enterprise strategy and planned wholesale launch

The mortgage lender portrayed its founder as unfit to lead, but Garg says it offered him a lucrative advisory role three days after firing him

Directors point to early operating progress and Better’s planned wholesale launch as evidence that the lender should continue without its founder in management