c/nottheonion · by stermy4u@lemmy.world · 4d

The CEO who fired 900 people on Zoom just before Christmas wants his job back

https://townflex.com/the-ceo-who-fired-900-people-on-zoom-just-before-christmas-wants-his-job-back/

203 points · 6 comments · view on lemmy.world

6 Comments

Idiots like don't realize they're beholden to the whims of the shareholders, make disastrous reorganization moves which tanks the share price.

Which reminds me, AMC is also havign a shareholders vote right now. I think theyre down like 98% from a peak a few years ago?

jqubed@lemmy.world · 19 pts · 4d (3 replies)

Better [Home & Finance] later faced a whistleblower lawsuit that was dropped, a Securities and Exchange Commission investigation that produced no action, and a disastrous 2023 SPAC merger. The company’s stock fell 93% after the merger, while losses continued to mount.

[…]

Better’s annual sales dropped from $1.5 billion in 2021 to $70 million in 2023. Garg says the company is now on track for $200 million in sales this year.

p03locke@lemmy.dbzer0.com · 4 pts · 4d (2 replies)

That's, uhhh, quite a drop.

ElChinchilla@lemmy.world · 2 pts · 2d

Better grew into a booming refinance market and did not have a gameplan for a return to "organic" home sale volumes. Having been on some of "those" zoom calls; Vishal comes off as a coked up, egotistical clown. He gives the vibe of projecting an air of being a sommelier but instead of wine it's just him in a closet wafting farts.

FiniteBanjo@feddit.online · 2 pts · 4d

They peaked at $8 Bn during the pandemic, too

EpeeGnome@feddit.online · 8 pts · 3d

“He hoodwinked me,” the just-ousted Better Home & Finance CEO said about Daniel Lewis, the man who replaced him last week.

Yeah... admitting you got conned into trusting the guy who took your job sounds like a fantastic strategy for getting your CEO job back. If the new guy isn't legit a good replacement, then you've proven yourself to be an easy mark. Either way, best not to reinstate you, dumbass.