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Bed Bath & Beyond CFO jumped to his death following announcement of job cuts/store closures


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Gustavo Arnal, 52, fell from an apartment building on Leonard Street in Manhattan on Friday, the New York Police Department confirmed to Insider.

 

 

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A man who died after falling from the 18th floor of an apartment building has been identified the chief financial officer of Bed Bath & Beyond, the New York Post reported.

 

Gustavo Arnal, 52, fell from the tower on Leonard Street in Manhattan on Friday, the New York Police Department confirmed to Insider.

 

He joined Bed Bath & Beyond in 2020 after serving as Avon's finance chief for more than a year. Arnal had held a senior positions at Walgreens Boots Alliance and Procter & Gamble before joining the cosmetics company.

 

Last month he sold about 42,000 shares in the retailer for about $1 million, according to MarketBeat.com

 

The death comes days after Bed Bath & Beyond announced plans to close about 150 stores and cut its workforce by a fifth in a bid to revive its fortunes.

 

 

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6 minutes ago, SimpleG said:
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Gustavo Arnal, 52, was being sued for allegedly inflating the Bed Bath & Beyond's stock price in a 'pump and dump' scheme. It was filed in federal court just one week before he took his own life.

 Heres the likely reason he took the header

 

Well anyone following what's been happening with BBBY stock will 'buy' into that story, but whatever the consequences for that were, they couldn't have come anywhere close to death, so it's crazy to think that was his preferred outcome.

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1 hour ago, Reputator said:

 

Well anyone following what's been happening with BBBY stock will 'buy' into that story, but whatever the consequences for that were, they couldn't have come anywhere close to death, so it's crazy to think that was his preferred outcome.

Maybe there are still more skeletons in his closet.

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23 minutes ago, best3444 said:

That takes serious balls to jump from that height. Tragic really. 

My cousin had someone in her apartment complex jump/die from the 15th floor, when she lived in Toronto.nShe saw a therapist for a bit afterwards because they were directly below them when they jumped. She didn’t know them, but heard them hit the dumpster and then concrete.

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