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The chief financial officer of Bed Bath & Beyond, the company which ran into severe financial trouble after dropping Mike Lindell’s MyPillow products, is now identified as the man who jumped to his death Friday from New York City’s iconic new skyscraper called the « Jenga » building.
Gustavo Arnal, 52, also an executive vice president for the home-goods retailer, plunged from the 18th floor of the 60-story tower, known for its misaligned apartments that resemble the popular game « Jenga. »
Just two days before his death, the company announced it was closing 150 stores of its roughly 900 stores, and laying off 20 percent of staff of about 32,000 employees overall.
Previous to joining Bed Bath & Beyond in 2020, Arnal was CFO for cosmetics giant Avon based out of London and also had a 20-year career overseas with Procter & Gamble.
He reportedly sold more than 42,000 shares in the firm for $1 million just over two weeks ago, according to MarketBeat.com.
At the time of his death, he reportedly owned 267,896 shares in the company, valued at just under $6.5 million.
Last year, he earned more than $2.9 million, including $775,000 in salary and the rest in stock awards, according to InsiderTrades.com.
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Bed Bath & Beyond, once regarded as a « category killer » in home and bath goods according to Britain’s Daily Mail, has in recent years seen its fortunes tarnished, especially in the wake of its cancellation of MyPillow products produced by Mike Lindell, the firebrand supporter of President Donald Trump who maintains the 2020 election was stolen through a wide range of vote fraud.
