The Rise And Fall Of Better.com’s Controversial CEO | Forbes
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- Опубліковано 7 чер 2024
- In many ways, Vishal Garg, 42, is the archetypal tech CEO: brilliant, brash and mercurial. Though his outbursts have caused headaches for some staffers, and forced others to quit - according to interviews with 19 current and former employees - such concerns have been overshadowed by Garg’s success in building Better, a venture-backed online mortgage originator that just secured a $4 billion valuation.
The New York-based company boasts a fix to the notoriously byzantine home lending process, with a product that offers pre-approval on a mortgage in minutes. Riding the coattails of a white-hot residential lending market brought on by low interest rates and Covid-19, Better has grown exponentially - with more than 2,000 employees hired since the start of the pandemic - and is on track to generate $800 million in revenue this year, according to The Information.
But Better’s investors appear to be overlooking a whole lot more than Garg’s scorched-earth management style: Ongoing lawsuits accuse Garg or entities he controls of improper and even fraudulent activity at two prior business ventures, and of misappropriating “tens of millions of dollars.”
Other parties in that dispute, including PIMCO - one of the world’s largest money managers - are still pursuing claims against companies Garg controlled, alleging they siphoned off money owed to investors in a troubled multibillion dollar mortgage portfolio. Meanwhile, a separate group of investors tied to management of the portfolio filed a lawsuit in June accusing Garg and his associates of fraud - a claim that Garg's attorneys have asked the court to dismiss.
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Don’t forget that FORBES ranked the company number 1 for best place to work at
And they just laid off another 4000 employees on international Women’s Day 🙄..
Then he hires 1,000 Indian workers in india
@@eliza1826 source?
TISTISTUSUTUTURUTSURSUSFU TR YET SYE Y S
I blame the investors for being greedy and not doing DD into his past.
"Could sell ice to an eskimo", " high risk tolerance", add some severe lack of empathy and what does it spell? Psycopath!
Alot of ceo are sociopath or a psychopath.. you have to be very cold to make some calulative decision sometimes.. its sad but those psychopath and sociopath make great leaders.. I think empathy really pull you back..
@Susel true but may I add the many millionaires in the West want high stick market returns so they look for Ivy-League educated psychopaths like him to make bank. Greed and facades are what got is here. Our leaders don't want a more just and sustainable world...and the people are too complacent to vote them out!
No surprise. One of the top 10 careers for them (if they are functional) is CEO at #1.
When rich people loses sight of reality and treats employees as expendable. Capitalism at its finest.
Typical portrait of corporate American CEO. They clearly looked at nothing in his history but whether or not he upped profits. Well, how valuable was this loser now, board members? Anyone doing business with the better.com company would be ridiculed and despised.
I bet he wanted to look hard and tough decision maker.
Hit me up📩👆🤙🏼🚀
he’s done it again
Any manager at the company is guilty. They should never be allowed to work above min wage the rest of their life.
I assume you meant Senior Managers (Leadership), not Front Line Managers.
Yeah senior managers are garbage I can tell you first hand amor of the managers are great and really do care most of them were kept in the dark
@@romeostarlite21 Why would you assume that when I specifcially wrote 'any manager'.
....... Crocodile..... Tears...... The last time I did this... I cried
THEY ARE BRINGING HIM BACK
Aaaaaand there goes 4000 more employees
"Dumb dolphins". Dolphins have more empathy than you, Mr. Garg.
All baniyas are like him.
Bruh!
It's forbes for godsake, couldn't spend a bit more resources to at least get the audio/video quality to 360p?
I'm from a foreing country, my english is begginer level yet I could understand what he was saying, maybe you need some hearing aid, and no, Im not trying to offend you, in my opinion you might have a hearing problem.
@@computeraidedyami Yeah, no kidding you're a beginner!
@@NarendraMnr thank you
@@computeraidedyami take a screenshot and read this convo after few years!!
@@aduantas Well, My intention was not to come off "Well", but to make "fun of".
Does he care? Nope he got Dat money. Anyone going to do anything? Nope ,he's a story so he's making others Dat money.
Well said.. thank you .. now your a realist.. you see life for what it is ..
@@Brokeloco watch the mob turn quickly on people like this.
There are those who eat, and there are those who watch , that is where revolutions are born. " " Nepoleon Bonaparte ""
GEN X has been watching 👀 and knows more than any generations known to mankind.
He finna make a hunnid racks
He seems to be full of himself
I hope he lose everything
That DB CEO deserves all the shame he gets and is effectively on the same level as his Russian equal.
My name is Vishal Garg - I have no business sense nor class.
Muy bien amigos. Acordaros de los que sufren en cautiverio: documental dominion
Documental terricolas
Playlist: industria lactea cruel y antinatural
Playlist: veganismo por etica
Hit me up📩👆🤙🏼🚀
The guy has a shady vibe
*🕉️ 🚩 🇮🇳 INDIA 🇮🇳 🚩 🕉️*
lmaooo it's already the fall????
Yeah employees are now leaving the place.
Rise and fall and fall again.
Pertamax
squeeb ..
The baniya surname in his name speaks all. Gupta, Agarwal, garg, Goel, if you ever see those names, run away as far as you can. Most corrupt community of india.
Communities are not corrupt, whoever rises to the level of CEO are mostly cut throat and corrupt. They'll do whatever they need to do to get what they want. That's the reason they are on top of corporate world.
@@vivekp4854 sir. Communities are corrupt. Almost all corruption that has ever happened in india, has a baniya name. U want names i can give u ample names.
Secondly why go far? Ur neighbourhood baniya is perfect example of how this community is.
Great info, how do i reach him?
Havy50 VlA Te le gr am....📧✅🇱🇷....
@@fieldsgains8938 Thanks for sharing your knowledge and his info, I'm going to contact him right way👍
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