{"id":42634,"date":"2022-06-08T23:14:02","date_gmt":"2022-06-08T23:14:02","guid":{"rendered":"https:\/\/harchi90.com\/better-com-ceo-who-fired-900-people-over-zoom-allegedly-said-biden-will-die-of-covid-which-would-help-business\/"},"modified":"2022-06-08T23:14:02","modified_gmt":"2022-06-08T23:14:02","slug":"better-com-ceo-who-fired-900-people-over-zoom-allegedly-said-biden-will-die-of-covid-which-would-help-business","status":"publish","type":"post","link":"https:\/\/harchi90.com\/better-com-ceo-who-fired-900-people-over-zoom-allegedly-said-biden-will-die-of-covid-which-would-help-business\/","title":{"rendered":"Better.com CEO who fired 900 people over Zoom allegedly said ‘Biden will die of COVID,’ which would help business"},"content":{"rendered":"
The tech CEO who fired 900 employees over Zoom – prompting a massive backlash and an internal reshuffling – has been sued by a former executive who alleges that he repeatedly duped investors before and after the controversy.<\/p>\n
Sarah Pierce, an executive vice president at Better.com until February, filed the lawsuit in the US District Court in the Southern District of New York Tuesday alleging that the online mortgage lender’s CEO Vishal Garg repeatedly made “misleading statements\u2026 regarding the company’s financial prospects and performance “and retaliated against her when she brought her concerns to other executives.<\/p>\n
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Among the missteps Garg allegedly made, according to the lawsuit: He reportedly “misstated and exaggerated the Company’s ‘organic traffic revenue,'” “ignored internal projections” for Better.com’s profitability and defamed employees during the viral incident, claiming that laid-off employees were “stealing” from the company.<\/p>\n
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For a quick refresher of that fiasco, Garg laid off 900 – nearly 9% – of the Better.com staff on a Zoom call, then proceeded to disparage many of them on Blind, an anonymous job forum. Past reports have also painted Garg as confrontational and threatening; he once reportedly threatened to staple his former Better.com business partner to a wall and burn him alive.<\/p>\n
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One of the especially baffling pieces of the lawsuit: Months before Garg’s Zoom layoffs, he \u201cdirected Pierce and other company executives to hire hundreds of additional personnel\u201d despite concerns about rising interest rates and the fast-shifting market. <\/p>\n
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Garg “overruled Pierce,” claiming that the company’s sales “would increase because ‘President Biden will die of COVID,'” consequently causing interest rates to fall and “save the Company from its worsening financial condition.”<\/p>\n
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Pierce, who, according to the lawsuit, was \u201cthe functional equivalent of Chief Operating Officer\u201d at Better.com, raised these concerns with multiple executives and the company’s counsel shortly after the scandal that brought Garg and his company viral notoriety. She was especially concerned about Garg’s \u201cmisinformation\u201d after the incident.<\/p>\n