Bed Bath & Beyond CFO Jumps 18 Floors To His Death From High-Rise Apartment

Bed Bath & Beyond shares are down sharply after CFO jumps to his death – CNN

Bed Bath & Beyond’s chief financial officer, Gustavo Arnal, jumped to his death from a high-rise apartment in Manhattan on Friday afternoon according to a law enforcement source.

The Chief financial officer of Bed Bath and Beyond died by suicide after the company announced it would close stores and lay off employees. His death has left many questions unanswered.

Bed Bath & Beyond’s board of directors extended its condolences to Gustavo Arnal’s family and said it was supporting his family and his team during this sad and difficult time.

Arnal and other large shareholders were named as defendants in a class action lawsuit accusing them of engaging in a “pump and dump” scheme to artificially inflate the price of the company’s stock.

Bed Bath & Beyond is in deep financial turmoil and is trying to rescue itself by shrinking. The company has secured more than $500 million in financing and has named Laura Crossen as its interim CFO.

The death of Bed Bath & Beyond Inc’s chief financial officer has been ruled a suicide, the New York City Medical Examiner’s Office said on Monday. Gustavo Arnal, 52, died from “multiple” blunt force trauma, the office said.

The big-box chain has seen its fortunes falter after an attempt to sell more of its own-brand goods. It has closed 150 stores, cut jobs and overhauled its merchandising strategy in an attempt to turn around its money-losing business.

 

  1. Bed Bath & Beyond shares are down sharply after CFO jumps to his death  CNN
  2. Bed Bath & Beyond CFO’s death ruled a suicide  Yahoo News
  3. Bed Bath & Beyond CFO dies by suicide l GMA  Good Morning America
  4. Bed Bath & Beyond CFO Gustavo Arnal’s death ruled suicide by medical examiner  New York Post
  5. Bed Bath & Beyond Names Laura Crossen as Interim CFO  The Wall Street Journal
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John Nightbridge is a veteran reporter, researcher, and economic policy major from UCLA. Passionate about world issues and potential ways to solve them is a significant focus of his work. Writing freelance and reading the news are John's passions at work. Outside of work, it's all about sky diving, surfing, and stock market modeling.