---
title: "Better calls on ex-CEO Garg to drop bid to oust board, retake top job ahead of shareholder vote"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296096921.md"
description: "Better Home & Finance urged former CEO Vishal Garg to halt his shareholder consent campaign to oust the board and retake his position. The board removed Garg two weeks prior, citing over $1.5 billion in losses since 2022 and a 90% stock decline. Better alleges Garg unlawfully solicited shareholders and misrepresented facts, noting he lacks sufficient votes even with super-voting shares. The company advised shareholders that no action is currently required as it prepares materials opposing the solicitation."
datetime: "2026-08-17T11:21:24.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296096921.md)
  - [en](https://longbridge.com/en/news/296096921.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296096921.md)
generator: "portal-rs"
---

# Better calls on ex-CEO Garg to drop bid to oust board, retake top job ahead of shareholder vote

-   Better urged former CEO Vishal Garg to halt a shareholder consent campaign seeking to replace most directors and reinstate him. \* The board removed Garg as CEO two weeks earlier, without his participation, then began a search for a new leader. \* Better alleged Garg unlawfully solicited shareholders, misrepresented facts, and still lacks votes even with super-voting Class B shares. \* Company tied the dispute to performance, citing more than $1.5 billion in losses since 2022 and a share decline of over 90%. \* Better told shareholders no action is required now while it prepares materials opposing Garg’s consent solicitation. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Better Home & Finance Holding Company published the original content used to generate this news brief via Business Wire (Ref. ID: 202608170721BIZWIRE\_USPR\_\_\_\_\_20260817\_BW657528) on August 17, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**