Bed Bath and Beyond CFO

2022 - 9 - 4

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Image courtesy of "CNBC"

Bed Bath & Beyond CFO Gustavo Arnal fell to his death in Manhattan (CNBC)

Bed 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 ...

Bed Bath also faces a class action lawsuit recently filed in the District of Columbia, accusing it of misrepresenting its value and profitability. In Bed Bath's statement on Sunday, the company noted that Arnal "was instrumental in guiding the organization throughout the coronavirus pandemic." In August, Bed Bath had multiple days with price moves of more than 20%. The New Jersey-based retailer also said it would be cutting 20% of its staff and added that it had secured more than $500 million in new financing, including a loan. Some analysts say that while the turnaround plan announced Wednesday will improve the company's liquidity position, it won't be sufficient to save Bed Bath's business. The cost-cutting measures come as Bed Bath's core business continues to struggle. Arnal joined Bed Bath in 2020 from London-based cosmetics company Avon, just after the start of the coronavirus pandemic. Those sales were made as part of a trading plan he had signed in April. The document also noted he still held 255,396 shares after those latest sales. Arnal left no note behind and did not say anything to his wife, who was home at the time, sources [according to a filing](https://bedbathandbeyond.gcs-web.com/node/16371/html). - Bed Bath said in a statement on Sunday that Arnal "was instrumental in guiding the organization throughout the coronavirus pandemic."

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Image courtesy of "USA TODAY"

Bed Bath & Beyond says CFO Gustavo Arnal dead in 'shocking loss' (USA TODAY)

No cause of death was announced, but officials said the the New York City Medical Examiner's Office is investigating.

If you or someone you know may be struggling with suicidal thoughts, you can call the U.S. 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," said Harriet Edelman, independent chair of the Bed Bath & Beyond Inc. 31](https://bedbathandbeyond.gcs-web.com/news-releases/news-release-details/bed-bath-beyond-inc-announces-strategic-changes-strengthen-its) it was reducing its workforce by 20% and closing around 150 stores nationwide. The man was later identified as 52-year-old Gustavo Arnal of New York City. The New York Police Department said Gustavo Arnal died after falling from a Manhattan skyscraper. [stock went up more than 350%](https://www.usatoday.com/story/money/markets/2022/08/24/meme-stock-mania-bbby-amc-gme/7874756001/) from July 25 to August 17.

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Image courtesy of "The New York Times"

Gustavo Arnal, Bed Bath & Beyond CFO, Dies (The New York Times)

Gustavo Arnal, 52, the chief financial officer of the beleaguered home goods retailer Bed Bath & Beyond, died on Friday. He was brought on to help stabilize ...

Mr. In August, Bed Bath & Beyond disclosed in a regulatory filing that Mr. 16, energized by disclosures by the activist investor Ryan Cohen; Though he had been at Bed Bath & Beyond for only two years, Mr. The company has also been at the center of a volatile few weeks of trading, partly because of a legion of dedicated individual investors. Arnal sold roughly 55,000 shares in Bed Bath & Beyond on Aug. It announced last week that it had secured a loan from the investment firm Sixth Street to shore up its liquidity. Arnal spoke to Bed Bath & Beyond investors on Wednesday, giving them updates about the company’s finances and delivering tough news about the impact of its latest turnaround efforts. The retailer said it had started Arnal’s death was ruled a suicide, according to the New York City Medical Examiner’s Office. The New York Post Gustavo Arnal, 52, the chief financial officer of the beleaguered home goods retailer Bed Bath & Beyond, died on Friday.

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Image courtesy of "Forbes"

Death Of Bed Bath & Beyond CFO Creates New Crisis For Company (Forbes)

Friday's death of Bed Bath & Beyond's CEO, which was confirmed Sunday by the retailer. creates another crisis for the company.

Boards can act now to ensure their plans are ready to meet the challenges of the future,” the post said. “Others are aware of the task’s true complexity and find it overwhelming. Some business leaders are too caught up in the challenges of the present. Some companies are late to the game—but it’s not too late. The time to plan for a crisis is before you're in a crisis,” All signs point to a hiring desert for companies that are unprepared. To backfill the role, it puts pressure on HR and senior leaders to fill the role quickly,” Rymasha said. If the coronavirus taught us anything, it is to expect the unexpected. Understanding which external stakeholders need to be informed when and how is their core competency. t hasbeen burning through cash reserves for several quarters, and a shopper exodus has shaken investor and vendor confidence,” according to the 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," Harriet Edelman, the independent chair of the Bed Bath & Beyond Inc. In their announcement today, Bed Bath & Beyond made no mention about plans to name his successor or if someone would fill his role on an interim basis.

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Image courtesy of "NBC News"

Bed Bath & Beyond CFO falls to death days after company ... (NBC News)

A Bed Bath & Beyond executive is dead after he fell from the downtown Manhattan luxury skyscraper where he lived, the retail giant and police have ...

And the company is still searching for a permanent chief executive officer after former CEO Mark Tritton was [ousted in June](https://apnews.com/article/33fa91f0e8114f4536dd0d1271ae1d2b) after less than three years on the job, according to the AP. Arnal was a resident of 56 Leonard Street, according to police. Arnal was instrumental in guiding the organization throughout the coronavirus pandemic, transforming the Company’s financial foundation and building a strong and talented team," the statement continued. [according to the website MarketBeat](https://www.marketbeat.com/instant-alerts/nasdaq-bbby-insider-buying-and-selling-2022-08-2/). "He was also an esteemed colleague in the financial community." organization is profoundly saddened by this shocking loss."

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Image courtesy of "CNN"

Bed Bath & Beyond's CFo identified as man who jumped off NYC ... (CNN)

A man who jumped to his death from a high-rise apartment in Manhattan has been identified by the New York City Police Department as Gustavo Arnal.

. The company is trying to rescue itself and stay out of bankruptcy by shrinking. He was also an esteemed colleague in the financial community." Police said the man "appeared to suffer from injuries indicative from a fall from an elevated position." The statement said Arnal joined Bed Bath & Beyond Inc. Please join us in respecting the family's privacy." The NYPD said in a statement Sunday that Arnal, 52, was found unconscious and unresponsive outside his luxury 57-story skyscraper in the neighborhood of Tribeca around 12:30 p.m.

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Image courtesy of "Reuters"

Bed Bath & Beyond CFO dies after falling from New York's Jenga ... (Reuters)

Bed Bath & Beyond Inc's chief financial officer fell to his death from New York's Tribeca skyscraper known as the "Jenga" tower on Friday afternoon, ...

District Court for the District of Columbia alleged that Arnal "agreed to regulate all insider sales by BBBY's officers and directors to ensure that the market would not be inundated with a large number of BBBY shares at a given time." Cohen, a billionaire investor, disclosed a stake of nearly 10% in early March. The sales amounted to about $1.4 million, and Arnal still had almost 255,400 shares remaining. Bed Bath & Beyond confirmed his death in a press statement on Sunday but gave no details. He previously worked as CFO for cosmetics brand Avon in London and had a 20-year stint with Procter & Gamble [(PG.N)](https://www.reuters.com/companies/PG.N), according to his LinkedIn profile. ET (1630 GMT), police responded to a 911 call and found a 52-year-old man dead near the building who suffered injuries from a fall.

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