Gustavo Arnal, the chief financial officer and executive vice president of Bed, Bath & Beyond, was named in a huge lawsuit before he jumped to his death from a Manhattan building on Friday.
named in a class-action suit that claims that he was among a group of stock traders who artificially inflated Bed Bath & Beyond's stock in what is called a 'pump and dump' scheme.
Arnal recently sold more than 50,000 shares when the stock was in the upper $30s a share. A short time later it plunged to less than $10.and lay off workers in a bid to turn around its beleaguered business. The home goods retailer based in Union, New Jersey said it will also slash its workforce by 20%. It also said it is considering selling more of its stock to shore up its finances and had lined up more than $500 million of new financing.As of May, the retailer operated a total of 955 stores, including 769 Bed Bath & Beyond stores, 135 buybuy Baby stores, and 51 stores under the names Harmon, Harmon Face Values or Face Values. As of February, it had roughly 32,000 employees.
If you or a loved one is feeling distressed, call the National Suicide Prevention Lifeline. The crisis center provides free and confidential emotional support 24 hours a day, 7 days a week to civilians and veterans. Call the National Suicide Prevention Lifeline atfor the warning signs and risk factors of suicide. Call 1-800-273-TALK for free and confidential emotional support.
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Bed Bath & Beyond chief financial officer Gustavo Arnal diesGustavo Arnal, the chief financial officer of retail chain Bed Bath & Beyond, has died, the company confirmed on Sunday.
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Bed Bath & Beyond chief financial officer Gustavo Arnal diesAccording to the NYPD, police found the 52-year-old unconscious with injuries showing he fell from a building in Manhattan, just days after the company said it will close about 150 of its stores and slash its workforce.
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Bed Bath & Beyond chief financial officer Gustavo Arnal diesGustavo Arnal, the chief financial officer of retail chain Bed Bath & Beyond, has died, the company confirmed on Sunday.
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Bed Bath & Beyond CFO Gustavo Arnal Fell to His Death in ManhattanBed Bath & Beyond on Sunday confirmed that its Chief Financial Officer Gustavo Arnal died over the weekend, after police had said earlier that he fell to his death from a building in downtown Manhattan. Investigators believe Arnal's fall was intentional.
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NYPD investigating death of Bed Bath & Beyond CFO Gustavo ArnalGustavo Arnal, the chief financial officer of retail chain Bed Bath & Beyond, has died, the company confirmed on Sunday. The NYPD says he was found with injuries showing he fell from a building in Manhattan.
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Bed Bath & Beyond CFO Gustavo Arnal Died by Suicide, Medical Examiner SaysBed Bath & Beyond on Sunday confirmed that its Chief Financial Officer Gustavo Arnal died over the weekend, after police had said earlier that Arnal fell to his death.
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