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 ...
He didn’t have a “my pillow” pile to land on anymore..... Just saying.. go woke go broke.
After the SEC and FBI are done with him, if there’s any flesh left on his bones, the shareholder lawsuits will pick them clean.
Sending patient home unti they needed to be on ventilators killed millions.
And now thanks to closing out patient facilities millions more are dying.
COVID is a Malthusian plot to wipe out millions of lives and it’s working.
Something tells me we are about to see a whole bunch of jumpers in the coming months.
Sounds more like stock manipulation than embezzlement. Embezzlement is for school board treasurers and expense report chiselers. The real money is in stock manipulation.
BBB is a Pump & Dump stock. He got caught.
No mention of a wife or children
We used to. But they got bought off by the establishment. In exchange for being invited to the trendy cocktail parties and Martha's Vineyard soirees, they agree to regurgitate the press releases that are spoon fed to them by their overlords.
For them, it's a comfortable life and an exclusive club to belong to. They wouldn't want too mess that up by poking around in places where their masters don't want them to go.
My Corolla runs fine and my bank account is humming.
Same, but Honda Accord.
Tom “”At least Admiral Boorda had the decency to commit suicide” Lantos is pleased.
When Black Friday comes
I’ll stand down by the door
And catch the grey men when they
Dive from the fourteenth floor
Well, I LIKE BB&B quite a lot. I enjoy their selection of quality towels. I can easily find small appliances that I have purchased. The layout has worked well.
I am not happy with their dropping My Pillow. Not at all.
My shopping there hasn’t kept them in business and my lack of purchases is not going to hurt them. But I hope they can repent of their misdeeds and regain their business footing.
I like ‘em!
My guess is that this is a guy that has always succeeded and he could not emotionally deal with major failure.
The fact that his failure was going to gravely impact so many other people probably didn’t help.
Highly driven people are often their own harshest critics.
He failed and the and the sentence was death.
Perhaps he was over-leveraged…
Which raises an interesting question...
Why did Big Pharma spend 12 months creating a barely tested experimental vaccine when they could have created a traditional vaccine within a couple months and saved many more lives?
“You’ll be amazed at how soft the landing will be when you try to jump to your dealth using my pillows.”
“I’m offing my pillows for suicidal exectutives at 40$ off!
Just use promo code MIKESAYSJUMP
He had $7.5 million in Bed stock plus whatever he had before working there two years ago. Probably worth tens of millions.
Mike Lindell’s commercials just write themselves, don’t they?
Strange ans sad story. Also a bizarre, rambling article.
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