CFO of Bed Bath & Beyond Before allegedly jumping to his death from his posh, 18th-floor apartment in Lower Manhattan, Gustavo Arnal didn’t even speak to his wife.
According to law-enforcement officials, Arnal, 52, also failed to leave a note elaborating on the plunge, which happened at 12:20 a.m. on Friday while his wife was present in the house.
Around 10:35 on Sunday morning, it appeared that Arnal’s wife and two grown daughters left the building at 56 Leonard St. in Tribeca to make funeral arrangements.
As two black-clad guys led the sobbing women to a waiting black van, the doorman approached them and apologised profusely.
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The women remained silent, and one of the males extended his hand while firmly stating, “No. Back!”
After almost three years in London, where he held comparable positions at the retail pharmaceutical company Walgreens Boots Alliance and the ailing Bed Bath & Beyond chain, Arnal was elected chief financial officer of the Union, New Jersey-based company in 2020.
According to his LinkedIn page, he previously spent 20 years working in finance for Cincinnati-based Procter & Gamble, where he also held positions in Switzerland and Brazil.
According to Reuters, Arnal sold 55,013 shares of Bed Bath & Beyond on August 16.
The action was taken just before Bed Bath & Beyond announced that, as part of a restructuring strategy to strengthen its loss-making business, it will liquidate 150 locations and lay off nearly 20% of its 32,000 employees.
On the day of Arnal’s sell-off, the stock closed at $20.65 per share, making the sale worth more than $1 million. According to an earlier MarketBeat.com report, 42,513 shares were sold by Arnal.
Following the announcement, the company’s stock price dropped by almost 25%.
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