Authorities at the scene after Gustavo Arnal jumped from the building. The BBB stock price lost half its value over the next three days. 16, the same day Arnal’s $20 limit order sale took place, according to the article. The week before the Venezuelan immigrant and father of two took his own life, he had been named in a $1.2 billion “pump-and-dump” lawsuit filed against BBB and GameStop chairman Ryan Cohen and accused of artificially raising the price of the stock to cash in.Ĭohen raised $68.1 million in profits by unloading his massive stake on Aug. The medical examiner ruled his death a suicide.
The late executive was also upset about the fallout his mid-August $1.4 million stock sale generated because he had preplanned the sale and was still holding more than $5 million in company shares, The Wall Street Journal reported Wednesday.Īrnal was 52 when he plunged to his death from his 18th story, $18,500 a month rental in Tribeca on Sept. ‘Inexplicable’: Friends of Bed Bath & Beyond exec shocked by his sudden deathīed Bath & Beyond names interim CFO after death of Gustavo Arnalīed Bath & Beyond CFO Gustavo Arnal was stressed out by working 18-hour days and was considering taking a leave in the weeks before he killed himself, a new report said. Inside NYC’s Jenga apartment where Bed Bath & Beyond CFO Gustavo Arnal lived Lawsuit that may have played role in Bed Bath & Beyond exec’s suicide hits snags
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