Bed Bath & Beyond CFO commits suicide....

The Tradition

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Apr 23, 2002
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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.


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

DogBoyRy

HR Legend
Jul 28, 2006
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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.


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.
 

goldmom

HR Legend
Mar 29, 2002
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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.
 
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bdg8

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Feb 5, 2003
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2 blocks from South Shit
dont-have-the-balls-coward.gif
 
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.


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.
 
Feb 9, 2013
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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.
 
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lucas80

HR King
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Jan 30, 2008
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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.


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?
 

The Tradition

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Apr 23, 2002
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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 Tradition

HR King
Apr 23, 2002
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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

HR King
Gold Member
Jan 30, 2008
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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.
 
Dec 31, 2014
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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:


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

HR Legend
Sep 26, 2009
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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:


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.