Bed Bath & Beyond CEO Gustavo Arnal leapt to his death from his upscale Tribeca high-rise after the executive was connected to a $1.2 billion "pump and dump" stock fraud lawsuit.
Arnal took the fatal plunge from the 18th story of the luxurious “Jenga Building” on Friday afternoon. He joined the company in May 2020 and is credited with helping navigate Bed Bath & Beyond through the roughest periods of the pandemic.
In a statement following Arnal's death, the company wrote:
“Gustavo will be remembered by all he worked with for his leadership, talent and stewardship of our Company,” said board of directors chairman Harriet Edelman 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. [...] We will not comment on litigation and ask that you please respect Mr. Arnal’s family and their privacy at this time.”
Arnal's death was officially ruled a suicide by the city’s medical examiner Monday.
Source: Nypost.com
