Tragic story to report.
And this story is still developing.
All of the details in this article are as reported by other sources, but I will say this upfront: something seems very strange here.
And of course tragic any way you look at it.
News just broke that Bed Bath & Beyond CFO Gustavo Arnal leaped to his death from the 18th Floor of his NYC apartment, commonly referred to as the “Jenga Building”.
Here are some reports:
BREAKING:$BBBY CFO Jumped to His Death from 18th Floor of Tribeca Building
Gustavo Arnal, 52https://t.co/ADFzFKDkAn
— Gabe Hoffman (@GabeHoff) September 4, 2022
— New York Post (@nypost) September 4, 2022
Here is what the Jenga Building looks like:
Damn – that poor man. Thoughts to his family and friends, this is too terrible.https://t.co/YNLK0VrbC2
— Ocarina (@ocarinalrc) September 4, 2022
Bed Bath & Beyond (BBBY) – Bed Bath & Beyond CFO Gustavo Arnal Falls To Death From Jenga Building In NYC: Report https://t.co/nrpxbQYsjl
— The Meta Future (@TheMetaFutures) September 4, 2022
While many reports focus on BB&B closing 150 stores, others are claiming the CFO had played a role in a pump-and-dump scheme:
Headline follow up – Bed Bath & Beyond CFO who leapt to his death from New York's famed 'Jenga' building is accused of role in 'pump and dump' scheme that artificially inflated value of flailing company and cost shareholders $1.2 BILLION pic.twitter.com/IsQTV1Ngz6
— Ron Milner (@RonMilnerBoodle) September 4, 2022
We have NOT been able to verify if that is accurate, but it is being posted by others.
"The chief financial officer of troubled Bed Bath & Beyond has been identified as the man who jumped to his death from the iconic new Tribeca skyscraper known as the 'Jenga Building'"https://t.co/WpNF08nf8G
— Steve Lookner (@lookner) September 4, 2022
No matter the reason, it’s very sad:
Ugh, the CFO…
What went on recently w/ #BBBY stock is a bit over-my-head, but when lives r lost, it proves the games played by certain traders affect more than just money.
Bed Bath & Beyond exec ID'd as Tribeca 'Jenga Building' jumper: source https://t.co/4iN8JkK5Lp
— Chris Fenton (@TheDragonFeeder) September 4, 2022
Others are questioning if he jumped or was pushed:
— 401DOGE (@401Doge) September 4, 2022
We also have no information one way or the other.
The NY Post reports he had only been with the company since 2020:
The chief financial officer of troubled Bed Bath & Beyond has been identified as the man who jumped to his death from the iconic new Tribeca skyscraper known as the “Jenga Building,” The Post has learned.
Gustavo Arnal, 52, who was also an executive vice president for the struggling home goods retailer, plunged from the 18th floor of 56 Leonard Street on Friday, police sources said.
The 60-story building is best known for its purposely misaligned apartments stacked atop each other, resembling the popular game “Jenga.”
Messages left with Bed Bath & Bed and Arnal’s family Saturday were not immediately returned.
On Aug. 16, Arnal sold 42,513 shares in company stock for a little over a $1 million, according to MarketBeat.com.
Arnal joined Bed Bath & Beyond in 2020. He previously worked as chief financial officer for cosmetics giant Avon based out of London and had a 20-year career working overseas leading Procter & Gamble.
In 2021, he made more than $2.9 million via Bed Bath & Beyond, including $775,000 in salary and the rest in stock awards, according to InsiderTrades.com.
And no, Brandy x2, it’s still way too early and inappropriate to claim that he is now “in the Beyond section”.
Clean up your act ghouls and have some respect!
he was trying to find the Beyond section https://t.co/5vB6kRj9UF
— brandyn (hater) (@mmdogfood) September 4, 2022