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Gustavo Arnal, CFO Of Bed Bath & Beyond Biography, Net Worth and Salary

BY Anas Shah Sep 04, 2022. 04:22 pm UPDATED: Sep 04, 2022. 04:24 pm

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The Chief Financial Officer of the extremely struggling company Bed Bath & Beyond, Gustavo Arnal, recently committed suicide by jumping from the renowned new Tribeca skyscraper known as the “Jenga Building.”

Gustavo Arnal, the CFO of Bed Bath & Beyond, passed away during a difficult time for the American network of department shops. The company that sold home items also employed Gustavo Arnal as its executive vice president.

On Friday, Gustavo committed suicide by jumping from level 18 of 56 Leonard Street. The recognisable structure is known for its haphazardly arranged flats that are built on top of one another in a manner that mimics a game of “Jenga,” garnering it the nickname “Jenga Building.”

According to the New York Police Department, on September 2, at around 12:30 pm, calls involving the leap began to come in. Notably, the event occurred only two days after the business declared it will close 150 of its roughly 900 locations and lay off 20% of its workforce.

MarketBeat.com reports that on August 16th, Gustavo Arnal sold his 42,513 shares of company stock for just over $1 million. In 2020, Gustavo Arnal started working for Bed Bath & Beyond. He was once the CFO for Avon, a major cosmetics company based in London.

According to InsiderTrades.com, Gustavo Arnal earned $2.9 million from Bed Bath & Beyond in 2021, with $7,75,000 of that coming from salary and the rest from stock awards. Gustavo Arnal owned 267,896 shares in the business at the time, which were worth little under USD 6.5 million.

The Jenga Building, an 821-foot-tall 60-story luxury building in Tribeca, Manhattan, New York City, is the tallest building in the neighbourhood. Gustavo Arnal leaped from it. Numerous celebrities call its 145 homes, which range in price from $3.5 million to $50 million, home.

A corporate representative had stated that they were bringing in top-tier talent that would open new doors for the company’s rebirth when Gustavo joined in 2020. He was hired during COVID-19, a time when businesses all around the world were struggling.

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