Connect with us

Hi, what are you looking for?

News

Bed Bath & Beyond CFO Jumps to His Death

Bed Bath & Beyond CFO Gustavo Arnal reportedly jumped to his death Friday from his 18th-floor apartment in Tribeca, New York City, according to the New York Post.

Arnal, 52, the chief financial officer and an executive vice president for the home goods company, leaped from the “Jenga Building” in New York’s Tribeca neighborhood, according to the New York Post.

He had only worked for the organization for around two years, but made more than $2.9 million from the company in 2021 via salary and stock awards, the outlet noted.

He was previously the CFO at Avon, a London-based cosmetics corporation, the NY Post continued. When he joined Bed Bath & Beyond, a corporate spokesperson noted that his world-class talent could offer new expertise, perspectives and experience, according to CNBC.

His death comes as Bed Bath & Beyond shares lost nearly a quarter of their value on Wednesday after they announced a slew of layoffs and possible stock offerings in an attempt to restructure, Yahoo Finance reported. The company also outlined plans to close more than 150 stores, Yahoo Finance continued.

“The company is a shitshow right now,” a source told Yahoo Finance. Comparable sales are expected to fall 26% from 2021, the outlet continued.

Arnal reportedly sold off 55,013 shares sometime between August 16 and 17, joining a number of insiders dumping their stock in the company, according to Investor Place. The stock was down roughly 35% year-to-date, the outlet added.

READ 3 COMMENTS
  • John Gault says:

    All while their nemesis Mike Lyndell is selling more My Pillows than ever before. RIP, Woke mf’er.

  • The Truth says:

    There’s more to THIS story…

  • RONALD PEASE says:

    BROUGHT TO AN END BY GREED AND HIS OWN HAND.

  • TOP STORIES

    News

    It’s no secret that MyPillow CEO Mike Lindell’s stolen 2020 election claims have proved costly, as ongoing billion-dollar defamation actions by voting machine companies...

    News

    Attorneys for a co-defendant in former President Donald Trump’s Georgia case will be able to argue that Fulton County District Attorney Fani Willis overstepped...

    News

    Investigators arrested a LGBT activist and Princeton University alumnus last week on a charge of possession of child pornography, according to a local outlet....

    News

    An elderly woman was robbed and stabbed multiple times Sunday in broad daylight in the Chinatown district of Los Angeles, ABC7 reported. The woman...

    >