Bed Bath & Beyond CFO Commits Suicide, Jumps To His Death In NYC

Man Who Died After Falling From A Building In NYC Identified As Gustavo Arnal, CFO Of Bed Bath and Beyond

The man who jumped to his death from the 18th floor of the iconic new Tribeca skyscraper known as the ‘Jenga tower’ in lower Manhattan has been identified as the chief financial officer (CFO) of the troubled Bed Bath and Beyond.

Gustavo Arnal, 52, was the CFO of the troubled Bed Bath & Beyond who jumped to his death on Friday afternoon.

Arnal killed himself just two days after Bed Bath and Beyond said that the company has started succumbing to the ongoing inflationary pressures and would lay off 20 percent of its workforce and close down 150 of its stores across the United States in the coming months.

 

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Arnal was also an executive vice president for the struggling home goods retailer and was disturbed by the company’s decision to lay off so many people. According to sources, he decided to jump from the 18th floor of 56 Leonard Street on Friday, police sources said.

Just two days before Arnal’s death, Bed Bath and Beyond revealed its plans to close down 150 of its roughly 900 stores and lay off 20 percent of its workforce. According to MarketBeat.com, Arnal reportedly sold more than 42,000 shares of the frequently referred-to “meme stock” company for $1 million just over two weeks ago.

However, Arnal still held 267,896 shares of the corporation at that time, which were worth just under $6.5 million.

It is not known what exactly led to Arnal’s suicide. According to an NYPD spokesman, calls about the jump at 56 Leonard Street near Church Street started coming in approximately around 12:30 on Friday.