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 ...
Was he yelling “MIKE LINDELL!” on his way down?
Looks like Gustavo opted for ‘beyond’.
They always had too much inventory when I went to Bed Bath and Beyond a long time ago. Product presentation was poor. Overpriced Target or Walmart.
Likely shares he couldn't touch. He was brought on board in 2020 and the stock options he was given could not be optioned until after five years.
He watched the value already drop and likely knew how much further they were going to drop.
I get a year's supply of BB&B body wash for my wife every Christmas. I hope they take their body wash inventory and sell it to Mike Lindell before they close down so he can rebrand and sell them as MyBodywash.
Except for maybe their December Body Wash sales which were heavily discounted.
BBBY (Sticker symbol for Bed Bath & Beyond) was a fine store, however, it isn’t a store that I’ve been to in years. The store near us is a ghost town, hardly anyone is in it.
BB&B went woke and went broke.
They banned MyPillow and celebrated it.
Been in a complete freefall since then.
Bad idea telling half (or more) of your customers to go F themselves.
Amazing these people keep their jobs after doing such stupid actions but speaks to the groupthink inside corporate America these days.
As GEOTUS said, “Everything woke turns to sh*t.”
Here I come sounding like a bigot and a racist, but:
CAN WE HAVE SOME CEOs WHO ARE NOT FOREIGN?
Many of them do not seem to be American. Maybe I’m wrong, but google, tiktok, and others are from other lands.
Was he a friend of Hillary?
Politics in Business got him
I’m quite sure I wouldn’t qualify for a mortgage at that address.....or rent either. >;)
So.....could it be a money laundering enterprise where um, some of the more unseemly elements of this world have undocumented investments, time, coordination and trouble invested? Maybe a CFO skimming, tryna ‘get out?’
There are people around here far more competent to speak on this subject than I but even I know that there is a belief that those little wicks like those on the left are you and I betting our retirement money and the long wicks on the right often suggest heavy hitters and institutions playing games.
I think there certainly was a possibility that he knew something specific.
Of course there are always people falling off ladders or from roofs but this flurry of cases was extremely improbable in my opinion. Most had broken necks or long bone fractures. Most would never walk again if they even survived.
The entire rash of ‘falls’ seemed to end with the ‘pandemic’ as the city seemed to lock down for weeks and more. I was always skeptical when it came to these plunges from on high in the middle of Winter.
In this case, the decision to dump The My Pillow and likely other poor decisions Almost certainly riled up a lot of people who lost big money. Cannot be sure, but I smell a rat.
He didnt have a golden parachute?
Hard to remove an 18th floor window to take that jump. Scaffolding is usually involved, it’s not your standard residential window.
Was a Clinton around?
Mike Lindel’s pillows was one of their most profitable items.
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