Bed Bath & Beyond CFO Falls From Skyscraper Amid Mass Closures, Layoffs

The CFO of Bed Bath & Beyond has died after plunging from a well-known skyscraper in New York City — this as the corporate is taking a significant monetary hit that is affecting 1000’s.

Gustavo Arnal was confirmed to have been the person who fell from the 18th flooring of the Jenga Tower in Manhattan Friday afternoon. Cops have not launched many particulars concerning the precise circumstances, however all indicators level to a suicide … with no foul play suspected.

BB&B famous Arnal had handed in an announcement, however did not elaborate. The chairman says, “I wish to extend our sincerest condolences to Gustavo’s family. Gustavo will be remembered by all he worked with for his leadership, talent and stewardship of our Company.”

They add, “I am proud to have been his colleague, and he will be truly missed by all of us at Bed Bath & Beyond and everyone who had the pleasure of knowing him. Our focus is on supporting his family and his team and our thoughts are with them during this sad and difficult time. Please join us in respecting the family’s privacy.”

The Jenga Tower is 57 tales excessive, and reaches a top (however the tip) of 796 ft. From the 18th flooring, it will seem Arnal fell about 250 ft or so.

GA got here to Beyond in 2020 after serving as an exec at a handful of firms, together with Procter & Gamble, Avon and Walgreens Boots Alliance. Last week, the corporate introduced it was slashing its workforce by 20% through layoffs — plus closing 150 places.

BB&B shares took a nosedive amid the information … which was compounded by the truth that Arnal and others have been not too long ago named in a lawsuit that accused him of fraudulently inflating the inventory value. It would not seem he’d responded to the declare previous to his loss of life.