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In Wacky Email, Better.com’s Volatile CEO Says He Might Lose Everything He Owns

Usanewsposts
May 13, 20220

Photo Illustration by Elizabeth Brockway/The Daily Beast/Getty

He may have fired hundreds of his workers in a monotone Zoom speech, called his employees “dumb dolphins,” and allegedly brought a miniature ax to the office to joke about a separate round of layoffs. But now Better.com CEO Vishal Garg is ready to motivate his steadily shrinking workforce, and he’s channeling Teddy Roosevelt to do it.

“I believe in us. I believe in you. I believe in our mission…And I believe that we are the only people on this planet who will do everything needed to make homeownership better, faster, cheaper,” Garg wrote in an email to staffers this week, a copy of which The Daily Beast obtained.

The catalyst for his newfound gusto? On Thursday Fortune published an article noting that Garg was personally on the hook for “uncapped” losses that SoftBank may realize as part of a $1.5 billion deal made last fall. The Daily Beast had previously reported on elements of the agreement.

at The Daily Beast.

…read more

Source:: The Daily Beast

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