Better Home & Finance calls ex-CEO Garg plan “unworkable,” urges shareholders to reject his proxy push
BETR•Guidance withdrawal and leadership change
The committee said Better withdrew guidance for positive adjusted EBITDA by September. It said the leadership change followed discussions about continued underperformance.
Board disputes Garg’s voting-control claims
The board also disputed Garg’s claims of voting control, accusing him of false statements, confidential disclosures, threats, and proxy-fight tactics.
The committee urged shareholders to revoke any support for Garg’s slate, warning that a proposed sale of a UK bank would face lengthy regulatory approval.
Board special committee rejects Garg’s turnaround plan
Better Home & Finance’s board special committee rejected former CEO Vishal Garg’s proposed turnaround plan as late, unworkable, and lacking operational foundation.
The committee said the plan came after a pattern of missed targets under Garg, including his pledge to reach $1 billion in monthly loan volume by May 2026.
