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Bed Bath & Beyond CFO, 52, is identified as man who jumped to his death from 18th floor of NYC's 'Jenga' tower - two days after firm announced plans to lay off 20% of staff and close 150 stores
Daily Mail ^ | 9/04/22 | Stephen M. Lepore

Posted on 09/04/2022 4:24:37 AM PDT by Libloather

click here to read article


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To: Libloather

I think I’m starting to see why they went broke


121 posted on 09/04/2022 9:30:22 AM PDT by NWFree (Somebody has to say it 🤪)
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To: bert

That’s my take. He’s not selling pillows. Heck of a salesman. He could sell ice to Eskimos, and sand to Arabs. A real phenom. In another life, if he had better hair and looks, and a more modulated message, he could have been Joel Osteen.


122 posted on 09/04/2022 9:31:14 AM PDT by Zhang Fei (My dad had a Delta 88. That was a car. It was like driving your living room)
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To: Vaduz

[Been going through struggles of late due to high inflation and a sagging economy.

Biden outs another chalk mark on his board.]


Had problems long before. Made worse by a prior CEO stacking up debt to prop up his stock options with stock buybacks.


123 posted on 09/04/2022 9:36:58 AM PDT by Zhang Fei (My dad had a Delta 88. That was a car. It was like driving your living room)
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To: bert

Same with the slippers. Regular price $139, like anyone would ever pay that for slippers, $89 was supposed to be a bargain price. Last I’ve seen they were down to $49. Still high for slippers as much as I wanted the “pink” moccasin ones, I have resisted!


124 posted on 09/04/2022 9:44:09 AM PDT by tina07 (In loving memory of my father,WWII Vet. CBI 10/16/42-12/17/45, d. 11/1/85 )
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To: tina07

one of very few double posts, oops.


125 posted on 09/04/2022 9:44:51 AM PDT by tina07 (In loving memory of my father,WWII Vet. CBI 10/16/42-12/17/45, d. 11/1/85 )
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To: Libloather
"Jenga" Tower

56 Leonard Street, Tribeca, Manhattan

126 posted on 09/04/2022 9:50:06 AM PDT by x
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To: JudyinCanada

I agree. Nothing wrong with having a successful career, but sad that it becomes the sole reason to live with some people.


127 posted on 09/04/2022 9:51:34 AM PDT by Rusty0604 (" When you can't make them see the light, make them feel the heat." -Ronald Reagan)
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To: G-dzilla
Obviously there’s a “back story” here. Wouldn’t it be nice if we had an intellectually curious media?

You must be old if you remember the days when the press actually THOUGHT about things before they started writing - writing from 'self0serving talking points' handed to their editors.

That said, this man created a permanent solution to a temporary problem. Prayers for his family and loved ones...

128 posted on 09/04/2022 10:04:01 AM PDT by GOPJ (Biden's 'WAR ON THE AMERICAN PEOPLE' speech is history's Jimmah Carter's BIG RABBIT blunder..)
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To: T.B. Yoits
True. They probably are RSUs where a certain amount vests each year.

-PJ

129 posted on 09/04/2022 10:11:59 AM PDT by Political Junkie Too ( * LAAP = Left-wing Activist Agitprop Press (formerly known as the MSM))
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To: zeestephen; Lonesome in Massachussets
According to The Daily Mail:

The Bed Bath & Beyond CFO who plunged to his death on Friday was being sued for artificially inflating the company's stock price in a 'pump and dump' scheme to sell off his shares at a higher price, DailyMail.com can reveal.

Gustavo Arnal, 52, is listed as one of the defendants in a class action lawsuit brought by a group of shareholders who claim they lost around $1.2billion when Arnal and majority shareholder Ryan Cohen engaged in a 'pump and dump' scheme.

The lawsuit, filed in the United States District Court for the District of Columbia on August 23, claims Cohen had approached Arnal about a plan to control shares of Bed Bath and Beyond so they could both profit.

As part of the plan, the lawsuit claims, Arnal 'agreed to regulate all insider sales by BBBY's officers and directors to ensure that the market would not be inundated with a large number of BBBY shares at a given time.'

He then allegedly issued 'materially misleading statements made to investors regarding BBBY's strategic company plans, financial condition... and reports of shares holding and selling' to help increase share prices.

-PJ
130 posted on 09/04/2022 10:18:32 AM PDT by Political Junkie Too ( * LAAP = Left-wing Activist Agitprop Press (formerly known as the MSM))
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To: Lonesome in Massachussets

Apparently he was being sued by the stockholders (suit filed August 23) for pump and dump which cost the stockholders over $1 billion.

Took the cowards way out.


131 posted on 09/04/2022 10:18:54 AM PDT by pollyshy (Remember: to belittle is to be little)
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To: Brooklyn Attitude

What, if you pull out one brick, the whole building might topple over?


132 posted on 09/04/2022 10:33:27 AM PDT by scrabblehack
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To: pollyshy

Helen Keller could see that coming.


133 posted on 09/04/2022 10:41:23 AM PDT by Lonesome in Massachussets (Forsan et haec olim meminisse iuvabit.)
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To: Libloather

Gustavo Arnal Executive Vice President, Chief Financial Officer Total Compensation $2,913,465


134 posted on 09/04/2022 10:52:27 AM PDT by tired&retired (Blessings )
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To: Libloather

Gustavo Arnal, 52, is being sued for allegedly inflating the Bed Bath & Beyond’s stock price in a ‘pump and dump’ scheme

The lawsuit, filed August 23, claims a majority shareholder approached Arnal about a plan to control shares of the company so they could both profit

As part of the plan, it says, Arnal ‘agreed to regulate all insider sales’

It alleges he put out ‘materially misleading statements’ showing the company’s finances were improving to artificially raise the share prices

By the time he sold over 42,000 shares in the company two weeks ago it was valued at $1 million
Arnal then took his own life by jumping from the 18th floor of the famous ‘Jenga’ tower in Manhattan’s Tribeca neighborhood on Friday


135 posted on 09/04/2022 10:56:16 AM PDT by tired&retired (Blessings )
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To: x

Heck, I would probably jump off myself if I had to endure that monstrosity on some regular basis.


136 posted on 09/04/2022 10:56:17 AM PDT by Radix
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To: rhinohunter
said,"Perhaps he was over-leveraged"
That is what I was thinking after I posted. Stop getting into my head!! ha
137 posted on 09/04/2022 12:24:31 PM PDT by Steve Van Doorn (*in my best Eric Cartman voice* 'I love you, guys')
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To: newzjunkey; Gay State Conservative; Bulwyf

Here’s some news for you

https://www.msn.com/en-gb/health/medical/lockdown-effects-feared-to-be-killing-more-people-than-covid/ar-AA10OyYi


138 posted on 09/04/2022 12:37:28 PM PDT by Pontiac (The welfare state must fail because it is contrary to human nature and diminishes the human spiritI)
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To: Libloather; bitt; Jane Long; Tilted Irish Kilt; Red Badger; John S Mosby; Robert DeLong; exit82; ...

Could we see a trend for Cabal Elitists when their corruption and depopulation schemes are discovered Coast to Coast as well as their worldwide genocide via bioweapon jabs, e.g., Big Pharma, Medical Industrial Complex, corp execs, political vermin worldwide?


139 posted on 09/04/2022 12:54:04 PM PDT by ExTexasRedhead
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To: x

140 posted on 09/04/2022 3:36:45 PM PDT by null and void (they promise the jetsons but deliver the flintstones)
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