Bed Bath & Beyond CFO commits suicide....

[The Tradition]

The chief financial officer of troubled Bed Bath & Beyond has been identified as the man who jumped to his death from the iconic new Tribeca skyscraper known as the “Jenga Building,” The Post has learned.

Gustavo Arnal, 52, who was also an executive vice president for the struggling home goods retailer, plunged from the 18th floor of 56 Leonard Street on Friday, police sources said.

The 60-story building is best known for its purposely misaligned apartments stacked atop each other, resembling the popular game “Jenga.”

Messages left with Bed Bath & Bed and Arnal’s family Saturday were not immediately returned.

On Aug. 16, Arnal sold 42,513 shares in company stock for a little over a $1 million, according to MarketBeat.com.

Arnal joined Bed Bath & Beyond in 2020. He previously worked as chief financial officer for cosmetics giant Avon based out of London and had a 20-year career working overseas leading Procter & Gamble.

In 2021, he made more than $2.9 million via Bed Bath & Beyond, including $775,000 in salary and the rest in stock awards, according to InsiderTrades.com.

Bed Bath & Beyond has recently been facing turbulence.

Shares in the Union, New Jersey-based business lost nearly a quarter of their value Wednesday, after the company announced a restructuring that includes store closures, layoffs and a possible stock offering.

The company said it has obtained more than $500 million in new financing and was reducing 20% of its workforce. It plans to close about 150 namesake stores but will keep its buybuy BABY chain.

In mid-August, shareholder activist Ryan Cohen, the billionaire co-founder of online pet-products retailer Chewy Inc., sold his shares in Bed Bath & Beyond after taking on a 10% stake just months before and pledging to make big changes.

The “Jenga Building” features 19-foot ceilings, double-height windows, white oak and stone floors, a gas fireplace, a chef’s kitchen and three terraces totaling 1,252 square feet with panoramic water and city skyline views.

Bed Bath & Beyond exec ID’d as Tribeca ‘Jenga Building’ jumper: source

CFO of Bed, Bath and Beyond identified as Jenga building jumper.

nypost.com

When C-Suite guys start jumping out of high-rise windows, you know the shiite is getting ready to hit the fan.

 

[QChawks]

 

[ping72]

The company has released an announcement expressing their extreme sadness. To allow the rest of us to mourn with them, we will all be receiving a very special flyer in the mail providing a 15% discount on our next purchase.

 

[DogBoyRy]

The chief financial officer of troubled Bed Bath & Beyond has been identified as the man who jumped to his death from the iconic new Tribeca skyscraper known as the “Jenga Building,” The Post has learned.

Gustavo Arnal, 52, who was also an executive vice president for the struggling home goods retailer, plunged from the 18th floor of 56 Leonard Street on Friday, police sources said.

The 60-story building is best known for its purposely misaligned apartments stacked atop each other, resembling the popular game “Jenga.”

Messages left with Bed Bath & Bed and Arnal’s family Saturday were not immediately returned.

On Aug. 16, Arnal sold 42,513 shares in company stock for a little over a $1 million, according to MarketBeat.com.

Arnal joined Bed Bath & Beyond in 2020. He previously worked as chief financial officer for cosmetics giant Avon based out of London and had a 20-year career working overseas leading Procter & Gamble.

In 2021, he made more than $2.9 million via Bed Bath & Beyond, including $775,000 in salary and the rest in stock awards, according to InsiderTrades.com.

Bed Bath & Beyond has recently been facing turbulence.

Shares in the Union, New Jersey-based business lost nearly a quarter of their value Wednesday, after the company announced a restructuring that includes store closures, layoffs and a possible stock offering.

The company said it has obtained more than $500 million in new financing and was reducing 20% of its workforce. It plans to close about 150 namesake stores but will keep its buybuy BABY chain.

In mid-August, shareholder activist Ryan Cohen, the billionaire co-founder of online pet-products retailer Chewy Inc., sold his shares in Bed Bath & Beyond after taking on a 10% stake just months before and pledging to make big changes.

The “Jenga Building” features 19-foot ceilings, double-height windows, white oak and stone floors, a gas fireplace, a chef’s kitchen and three terraces totaling 1,252 square feet with panoramic water and city skyline views.

Bed Bath & Beyond exec ID’d as Tribeca ‘Jenga Building’ jumper: source

CFO of Bed, Bath and Beyond identified as Jenga building jumper.

nypost.com

When C-Suite guys start jumping out of high-rise windows, you know the shiite is getting ready to hit the fan.

On an unrelated note my wife (pic included) loves their liquid soaps.

 

[Moral]

The company has released an announcement expressing their extreme sadness. To allow the rest of us to mourn with them, we will all be receiving a very special flyer in the mail providing a 15% discount on our next purchase.

A true BBB shopaholic knows that would be a 20% discount.

 

[goldmom]

I haven’t been to BB&B in YEARS.
Very overpriced stuff readily available at Marshall’s and Home Goods for less money.
THAT was their problem but they didn’t figure it out.

 

[bdg8]

 

[mnole03]

A true BBB shopaholic knows that would be a 20% discount.

And doesn’t apply to any of the good stuff.

 

[MitchLL]

And doesn’t apply to any of the good stuff.

Yep, there's always exclusions.

 

[Formerly Rockymtnole]

I wonder if he did something wrong with the stock sale right before all the bad news.

 

[torbee]

The chief financial officer of troubled Bed Bath & Beyond has been identified as the man who jumped to his death from the iconic new Tribeca skyscraper known as the “Jenga Building,” The Post has learned.

Gustavo Arnal, 52, who was also an executive vice president for the struggling home goods retailer, plunged from the 18th floor of 56 Leonard Street on Friday, police sources said.

The 60-story building is best known for its purposely misaligned apartments stacked atop each other, resembling the popular game “Jenga.”

Messages left with Bed Bath & Bed and Arnal’s family Saturday were not immediately returned.

On Aug. 16, Arnal sold 42,513 shares in company stock for a little over a $1 million, according to MarketBeat.com.

Arnal joined Bed Bath & Beyond in 2020. He previously worked as chief financial officer for cosmetics giant Avon based out of London and had a 20-year career working overseas leading Procter & Gamble.

In 2021, he made more than $2.9 million via Bed Bath & Beyond, including $775,000 in salary and the rest in stock awards, according to InsiderTrades.com.

Bed Bath & Beyond has recently been facing turbulence.

Shares in the Union, New Jersey-based business lost nearly a quarter of their value Wednesday, after the company announced a restructuring that includes store closures, layoffs and a possible stock offering.

The company said it has obtained more than $500 million in new financing and was reducing 20% of its workforce. It plans to close about 150 namesake stores but will keep its buybuy BABY chain.

In mid-August, shareholder activist Ryan Cohen, the billionaire co-founder of online pet-products retailer Chewy Inc., sold his shares in Bed Bath & Beyond after taking on a 10% stake just months before and pledging to make big changes.

The “Jenga Building” features 19-foot ceilings, double-height windows, white oak and stone floors, a gas fireplace, a chef’s kitchen and three terraces totaling 1,252 square feet with panoramic water and city skyline views.

Bed Bath & Beyond exec ID’d as Tribeca ‘Jenga Building’ jumper: source

CFO of Bed, Bath and Beyond identified as Jenga building jumper.

nypost.com

When C-Suite guys start jumping out of high-rise windows, you know the shiite is getting ready to hit the fan.

Should have had a nylon instead of a golden parachute I guess.

 

[NoleATL]

I wonder if he did something wrong with the stock sale right before all the bad news.

You think? He had to know the announcement was coming and almost certainly participated in writing it.

 

[Formerly Rockymtnole]

You think? He had to know the announcement was coming and almost certainly participated in writing it.

Yes, but you can set up scheduled stock sales/purchases that take place automatically (10b-5 plans). If he did that he wouldn’t have anything to worry about when the stock tanked on the later disclosures.

 

[lucas80]

The chief financial officer of troubled Bed Bath & Beyond has been identified as the man who jumped to his death from the iconic new Tribeca skyscraper known as the “Jenga Building,” The Post has learned.

Gustavo Arnal, 52, who was also an executive vice president for the struggling home goods retailer, plunged from the 18th floor of 56 Leonard Street on Friday, police sources said.

The 60-story building is best known for its purposely misaligned apartments stacked atop each other, resembling the popular game “Jenga.”

Messages left with Bed Bath & Bed and Arnal’s family Saturday were not immediately returned.

On Aug. 16, Arnal sold 42,513 shares in company stock for a little over a $1 million, according to MarketBeat.com.

Arnal joined Bed Bath & Beyond in 2020. He previously worked as chief financial officer for cosmetics giant Avon based out of London and had a 20-year career working overseas leading Procter & Gamble.

In 2021, he made more than $2.9 million via Bed Bath & Beyond, including $775,000 in salary and the rest in stock awards, according to InsiderTrades.com.

Bed Bath & Beyond has recently been facing turbulence.

Shares in the Union, New Jersey-based business lost nearly a quarter of their value Wednesday, after the company announced a restructuring that includes store closures, layoffs and a possible stock offering.

The company said it has obtained more than $500 million in new financing and was reducing 20% of its workforce. It plans to close about 150 namesake stores but will keep its buybuy BABY chain.

In mid-August, shareholder activist Ryan Cohen, the billionaire co-founder of online pet-products retailer Chewy Inc., sold his shares in Bed Bath & Beyond after taking on a 10% stake just months before and pledging to make big changes.

The “Jenga Building” features 19-foot ceilings, double-height windows, white oak and stone floors, a gas fireplace, a chef’s kitchen and three terraces totaling 1,252 square feet with panoramic water and city skyline views.

Bed Bath & Beyond exec ID’d as Tribeca ‘Jenga Building’ jumper: source

CFO of Bed, Bath and Beyond identified as Jenga building jumper.

nypost.com

When C-Suite guys start jumping out of high-rise windows, you know the shiite is getting ready to hit the fan.

Huh? You think this signals something larger? Maybe he suffered from depression? Maybe the company is in severe distress because as other posters have mentioned the model needed refreshing, and change was too slow?

 

[Slappy Pappy]

Jumped from a window? How much stock does Putin own?

 

[seminoleed]

Another example of "Go Woke, Go Broke". Shoulda kept the MyPillows and moved on.

 

[Masterprime]

I think I might stop by bbb today and see how everyone is doing

 

[GOHOX69]

That building has had many many suicides.

 

[The Tradition]

Huh? You think this signals something larger? Maybe he suffered from depression? Maybe the company is in severe distress because as other posters have mentioned the model needed refreshing, and change was too slow?

Why would he care? He's rich. Even if BB&B tanked and he never got another job again he's already fabulously wealthy.

 

[THE_DEVIL]

Arnal is cited in the suit along with activist investor and GameStop chairman Ryan Cohen,

Arnal allegedly worked with JPMorgan, which is listed as a defendant in the suit on claims the bank "aided and abetted" the plan by "enabling Cohen to use JPM's accounts to effectuate such transactions and otherwise launder the proceeds of their criminal conduct."

 

[Colonoscopy]

I wonder if he uttered "To Bed, Bath & Beyond!!!" as he was jumping

 

[Fan In Black]

Why would he care? He's rich. Even if BB&B tanked and he never got another job again he's already fabulously wealthy.

maybe he spent what he earned. earned millions does not equal saved millions.

 

[Colonoscopy]

maybe he spent what he earned. earned millions does not equal saved millions.

Maybe he just really cared

 

[lucas80]

Why would he care? He's rich. Even if BB&B tanked and he never got another job again he's already fabulously wealthy.

So, what is your angle? What do you think is afoot?

 

[jamesvanderwulf]

I wonder if he uttered "To Bed, Bath & Beyond!!!" as he was jumping

Likely. We all know Geronimo! has been banned by executive order 420-6969...

 

[Hawk and Awe]

Headed to the great beyond

 

[Whatsgoingonwitgyouguys0190]

Another example of "Go Woke, Go Broke". Shoulda kept the MyPillows and moved on.

Righhhht. Maga folk love spending way more than an item is worth as long as it’s stocked next to an uncomfortable over priced pillow.

 

[Greenway4Prez]

We have some heartless bastards in here.




Luckily they’re 40% off at Bed, Bath & Beyond’s online store with promo code SOFTLANDING

 

[The Tradition]

So, what is your angle? What do you think is afoot?

He was a nut job, obviously.

 

[lucas80]

He was a nut job, obviously.

Then why didn't you post that? Why make the comment about the C suite guys and the stuff hitting the fan?

 

[The Tradition]

Then why didn't you post that? Why make the comment about the C suite guys and the stuff hitting the fan?

Stuff is definitely hitting the fan at BB&B. They had this crazy situation with stocks going crazy and then falling bigly. He probably knew he was going to Martha Stewart prison.

 

[lucas80]

Stuff is definitely hitting the fan at BB&B. They had this crazy situation with stocks going crazy and then falling bigly. He probably knew he was going to Martha Stewart prison.

Are you high? You are all over the place here .He was crazy, now he was avoiding prison. None of which addresses the final line of your original post.

 

[ConvenientParking]

I hate alliteration. Feels like a carnival trick.

 

[Moral]

That building has had many many suicides.

I think this might be a 1408 type scenario.

That movie is actually pretty solid.

 

[The Tradition]

Are you high? You are all over the place here .He was crazy, now he was avoiding prison. None of which addresses the final line of your original post.

GO NOLES! WOOOOO!!!!!!

 

[pepsicock]

I can't make fun of somebody that commits suicide. My 26 year old niece hung herself on New Years Day 2018 😥

 

[GOHOX69]

I can't make fun of somebody that commits suicide. My 26 year old niece hung herself on New Years Day 2018 😥

My sincerest condolences.

 

[Colonoscopy]

I can't make fun of somebody that commits suicide. My 26 year old niece hung herself on New Years Day 2018 😥

 

[Phenomenally Frantastic]

Arnal is cited in the suit along with activist investor and GameStop chairman Ryan Cohen,

Arnal allegedly worked with JPMorgan, which is listed as a defendant in the suit on claims the bank "aided and abetted" the plan by "enabling Cohen to use JPM's accounts to effectuate such transactions and otherwise launder the proceeds of their criminal conduct."

Long on allegations, short on facts or sources. This is a hit piece on Cohen. No evidence provided, none.

Business Insider is run by this crook:

Henry Blodget - Wikipedia

en.m.wikipedia.org

In 2003, he was charged with civil securities fraud by the U.S. Securities and Exchange Commission.[8] He agreed to a permanent ban from the securities industry and paid a $2 million fine plus a $2 million disgorgement.[2]



He ripped off his investors and was banned from the securities industry for life. He uses his media outlet to run smears on various targets.

 

[GOHOX69]

Long on allegations, short on facts or sources. This is a hit piece on Cohen. No evidence provided, none.

Business Insider is run by this crook:

Henry Blodget - Wikipedia

en.m.wikipedia.org

In 2003, he was charged with civil securities fraud by the U.S. Securities and Exchange Commission.[8] He agreed to a permanent ban from the securities industry and paid a $2 million fine plus a $2 million disgorgement.[2]



He ripped off his investors and was banned from the securities industry for life. He uses his media outlet to run smears on various targets.

I would celebrate if Henry Blodget and Jim Kramer killed themselves.