Tragedy at Bed Bath & Beyond: Executive Jumps to His Death from High-Rise Apartment Balcony

PC: WION

The New York City Police Department has named the guy who died after leaping to his death from a Manhattan high-rise apartment as Gustavo Arnal. Arnal is the chief financial officer of Bed Bath & Beyond, a law enforcement source told CNN. He allegedly died after falling off the balcony of his high-rise apartment’s 18th level.

The 52-year-old Arnal was discovered unconscious and unresponsive outside his opulent 57-story tower in the Tribeca district at 12:30 p.m. on Friday, according to a statement from the NYPD released on Sunday. The individual “appears to suffer from injuries indicative of a fall from a high position,” according to police. EMS arrived and declared the man dead, according to the police.

According to the law enforcement source who spoke to CNN on Sunday, Arnal’s wife saw him leap. Although no suicide note was discovered, the source claimed that no crime is under suspicion.
The NYPD stated that the inquiry is still ongoing and that the New York City Medical Examiner’s Office will identify the cause of death. The medical examiner’s office has been contacted by CNN, but an answer has not yet arrived.

In response to Arnal’s passing, a Bed Bath & Beyond spokeswoman expressed that the firm is “profoundly devastated by this unexpected loss.”
I wish to convey our profound condolences to Gustavo’s family, said Independent Chair of Bed Bath & Beyond Board of Directors Harriet Edelman in a statement on Sunday.

Edelman continued, “Our attention is on helping his family and his team through this sad and trying time, and our sympathies are with them. Please help us uphold the family’s privacy by doing the same.”

Arnal joined Bed Bath & Beyond Inc. in May 2020, according to the statement, after working in finance at companies like Avon, Walgreens Boots Alliance, and Procter & Gamble.
As per Edelman, Arnal was “The company’s financial base was transformed, a strong and competent staff was built, and the business was guided by them throughout the coronavirus pandemic. He was also a well respected associate in the banking sector.”

This week, CNN reported that Bed Bath & Beyond is experiencing severe difficulty. By reducing its size, the corporation is attempting to save itself and avoid bankruptcy. The firm announced Wednesday that it would liquidate about 150 locations, lay off about 20% of its corporate staff, and consolidate some of its in-house home goods brands. The business added that it has obtained more than $500 million in finance to support its precarious financial situation.
A class action complaint listed Arnal as a defendant and accused him, Ryan Cohen, and other significant shareholders of engaging in a “pump and dump” conspiracy to inflate the price of the business’s stock.

On August 23, the case was submitted to the District of Columbia’s US District Court.
The lawsuit alleges that Arnal and others delayed disclosing their ownership of and sales of their own shares while speaking with investors about BBBY’s financial status and strategic objectives.
In order to spark a stock purchasing frenzy, the lawsuit also claims that the stakeholders disseminated fictitious revenue estimates and firm plans for spinning off its “Buy Buy Baby” brand.