Bed Bath and Beyond

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

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. Police identified the man as Arnal. It also comes after Arnal as well as the company were sued on Aug. Register now for FREE unlimited access to Reuters.com

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.

Gustavo Arnal, the CFO of Bed, Bath and Beyond, fell from a New York high-rise Friday afternoon, according to police.

The company’s stock went into a free fall for days when Cohen signaled that he would drop his shares.It closed Friday at $8.63, a 63 percent drop from its August peak of $23.08. His onboarding at Bed Bath & Beyond was crucial to navigating the organization throughout the coronavirus pandemic, transforming the company’s financial foundation and building a strong and talented team, Bed Bath & Beyond said in a statement. “Our focus is on supporting his family and his team and our thoughts are with them during this sad and difficult time. [ filed a complaint ](https://thebrios.com/wp-content/uploads/2022/08/2022-08-24-Si-v.-Bed-Bath-Beyond-Corporation-1-22-cv-02541-Complaint-1.pdf)alleging that Bed Bath & Beyond, Arnal and Cohen participated in a scheme to inflate the price of its stock to sell shares at a higher price. 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 said in a statement. “Gustavo will be remembered by all he worked with for his leadership, talent and stewardship of our Company.

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."

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

Bed Bath & Beyond confirmed his death in a statement on Sunday but gave no details. The sales amounted to about $US1.4 million ($2.1 million), and Arnal still had almost 255,400 shares remaining. Cohen’s RC Ventures disclosed plans to sell its stake on August 17. The man, whom police identified as Arnal, had suffered injuries from a fall. The filing in the US 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.” On August 23, the company, Arnal and major shareholder Ryan Cohen were sued over accusations of artificially inflating the firm’s stock price in a “pump and dump” scheme, with the lawsuit alleging Arnal sold off his shares at a higher price after the scheme.

A top American executive has tragically taken his own life while at home with his wife in their New York City apartment. Joe Marino, Larry Celona, ...

“Gustavo will be remembered by all he worked with for his leadership, talent and stewardship of our Company. Stream more US news live & on demand with Flash. 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. 25+ news channels in 1 place. Arnal and his wife rented a stunning three-bedroom in the skyscraper – nicknamed the “Jenga building” because of its unique design – for nearly $18,500 ($A27,228) a month, said a source familiar with the property. Bed Bath & Beyond executive Gustavo Arnal didn’t say a word to his wife before taking his life at their 18th-floor apartment in New York, The New York Post has learned.

The chief financial officer had been accused of involvement in a 'pump and dump' scheme to artificially inflate the price of the company's stock.

The company is trying to rescue itself and stay out of bankruptcy by shrinking. He was also an esteemed colleague in the financial community”. The statement said Arnal joined Bed Bath & Beyond Inc. CNN has reached out to the medical examiner’s office but did not receive an immediate response. The law enforcement source told CNN Sunday that Arnal’s wife witnessed his death. Emergency workers responded and pronounced the man dead, police said.

News reports over the weekend had said Arnal, who was 52 years old, fell to his death from a skyscraper known as the 'Jenga' tower New York's...

Reuters reported that at 12.30pm ET on Friday, September 2, 2022, New York City police responded to a 911 call and found a man dead near the building who had suffered injuries from a fall. In the company's statement, Harriet Edelman, independent chair of the Bed Bath & Beyond board of directors said: "I wish to extend our sincerest condolences to Gustavo's family. His death comes days after the struggling retailer announced it was closing stores and laying off workers.

Police say Gustavo Arnal fell from a skyscraper as the retailer is struggling with sales and debt.

The home and bath goods company has been struggling for some time due to a slump in sales and growing debt. "The entire Bed Bath & Beyond Inc. organization is profoundly saddened by this shocking loss," said Harriet Edelman, Independent Chair of the Bed Bath & Beyond Inc.