Better.com layoffs

[Fudge Nuggets 19453]

On 1/4/2022 at 2:22 PM, Nice Guy Eddie said:

I imagine the entire board would look at the CEO as the first problem to solve.

Do boards ever do anything other than rubber stamp whatever the CEO requests?

[Surly Bevo 25718]

35 minutes ago, Fudge Nuggets said:

Do boards ever do anything other than rubber stamp whatever the CEO requests?

Well they hire and fire the CEOs

[Fudge Nuggets 19453]

2 hours ago, Surly Bevo said:

Well they hire and fire the CEOs

Not very often. 

[Parliament 14593]

On 1/8/2022 at 4:07 PM, Surly Bevo said:

Well they hire and fire the CEOs

Only when they need someone to take the blame off themselves.

[Nice Guy Eddie 13725]

Better.com CEO now being accused of misleading investors to ensure their SPAC deal goes through, which hasn't happened yet.

https://www.cnn.com/2022/06/08/investing/better-com-vishal-garg/index.html

Important to note that he's being accused by a former exec and not the investors. Could be a gotcha that investors didn't know about or could be a disgruntled ex-employee.

Hard to believe that major investors or independent board members want the CEO to continue in his role. His reputation appears to be toxic and you wonder if there is anything that he brings to the table that couldn't be picked up by an new CEO. 

[UTPhil2006 3930]