Gustavo Arnal, 52 who worked as the chief financial officer for Bed Bath & Beyond jumped off a NYC Tribeca skyscraper known as the ‘Jenga Building’ on Friday afternoon.
He jumped from the 18th floor of the building to his death on 56 Leonard Street. The 60 Story building is known for it’s design of misaligned apartments stacked to give the appearance of a real-life Jenga game.
Bed Bath & Beyond and Arnal’s family haven’t commented on the situation but the interesting part is that on Aug. 16, Arnal sold 42,513 shares in company stock for a little over a $1 million, according to MarketBeat.com.
Arnal started working at Bed Bath & Beyond in 2020. He previously worked as CFO for Avon and also had a 20-year career working overseas leading Procter & Gamble.
In 2021, he made more than $2.9 million via Bed Bath & Beyond stock trades, including $775,000 in salary, according to InsiderTrades.com.
The retailer recently announced plans to close about 150 stores and layoff about 20% of its corporate employees, could this be connected?