Posted on 09/04/2022 4:24:37 AM PDT by Libloather
The man who jumped to his death from the 18th floor of the famous 'Jenga' tower in lower Manhattan's Tribeca neighborhood Friday has been identified as a Bed Bath & Beyond executive.
Gustavo Arnal, 52, was the Chief Financial Officer of Bed Bath & Beyond, a company that has been going through struggles of late due to high inflation and a sagging economy. The company announced plans to close 150 stores, of its roughly 900, and lay off 20 percent of staff just two days before Arnal's death.
He reportedly sold over 42,000 shares in the company, oft-identified as a 'meme stock', for $1million just over two weeks ago, according to MarketBeat.com.
At the time, he still owned 267,896 shares in the company, valued at just under $6.5million.
Arnal moved to Bed Bath & Beyond in 2020 - when the company was already struggling due to the coronavirus pandemic - from London-based cosmetics giant Avon, where he was also CFO, and had spent 20 years at Proctor & Gamble.
When Arnal was brought to Bed Bath & Beyond in April 2020 a company spokesman said in a statement they were 'bringing in world class talent to offer new perspectives, expertise and experience as we rebuild our business.'
'Gustavo exemplifies this and his experience delivering business transformation at other leading companies, his deep knowledge of the retail and consumer goods space, as well as his energy and drive will help accelerate our transformation plans.'
Calls regarding the jump at 56 Leonard Street near Church Street came in at around 12:30pm Friday, according to a spokeswoman for the NYPD. Arnal was identified as the jumper at the 57-story building - where apartments go for up to $50million - on Friday afternoon, according to the New York Post.
(Excerpt) Read more at dailymail.co.uk ...
I think I’m starting to see why they went broke
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.
[Been going through struggles of late due to high inflation and a sagging economy.
Biden outs another chalk mark on his board.]
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!
one of very few double posts, oops.
56 Leonard Street, Tribeca, Manhattan
I agree. Nothing wrong with having a successful career, but sad that it becomes the sole reason to live with some people.
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...
-PJ
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.-PJGustavo 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.
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.
What, if you pull out one brick, the whole building might topple over?
Helen Keller could see that coming.
Gustavo Arnal Executive Vice President, Chief Financial Officer Total Compensation $2,913,465
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
Heck, I would probably jump off myself if I had to endure that monstrosity on some regular basis.
Here’s some news for you
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?
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