*

CFO of Bed Bath & Beyond Commits Suicide

The CFO of the beleaguered meme stock has fallen to his death in New York City. Police responded to a 911 call on Friday at 12:30 p.m. ET (1630 GMT) and discovered a 52-year-old male dead nearby with what looked to be fall-related injuries. Authorities arrived at 56 Leonard, otherwise known as the “Jenga tower” to investigate the fall. Gustavo Arnal was identified as the casualty, according to police.

Man, 52, jumps to his death from 18th floor of 57-story 'Jenga' glass tower  in Manhattan | Daily Mail Online

This development has come a few days after the company announced many layoffs and store closures to save the financially struggling company. Arnal was undoubtedly facing immense pressure while making the tough calls that impacted tens of thousands of employees.

Just as recently as 2018, Bed Bath & Beyond (BBBY) had 65,000 employees. Bed Bath & Beyond was not on an upward trajectory when Arnal joined the retailer in 2020. The company now employs roughly 25,000 employees due to the impacts of Covid on storefronts and supply chains.

Arnal served as an executive in prior companies that include Avon and Proctor & Gamble. Although his years of service to BBBY are sure to be recognized, no comment has been made yet by the company or by his family.

Liam Fegan
Liam Fegan
Lockheed Martin Financial Analyst since June of 2018. If you want a better life, raise your standards and don't compromise them.

MORE FROM ATLAS NEWS

Colombian Defense Minister Authorizes Tactical Bombings of FARC-EMC in Efforts to Detain Group’s Leader

Colombian Defense Minister Ivan Velásquez Gómez approved military artillery strikes on several locations across Colombia in response to a drone attack launched by a splinter faction of the Revolutionary...

The Next Step in Sudan’s Peace Process

Following the close of the UN-hosted indirect talks between the warring Sudanese Armed Forces (SAF) and the paramilitary Rapid Support Forces (RSF), the US is hoping to carry the...