Bed, Bath, Beyond CFO forgets to use code JUMP to save 60%

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Bed, Bath, Beyond CFO forgets to use code JUMP to save 60%

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2022 Sep 4, 11:51am 598 views 20 comments

by AmericanKulak ➕follow (8) 💰tip ignore

Bed Bath & Beyond CFO, 52, is identified as man who jumped to his death from 18th floor of NYC's 'Jenga' tower - two days after firm announced plans to lay off 20% of staff and close 150 stores
Calls regarding the jump at 56 Leonard Street near Church Street came in at around 12:30pm on Friday, according to a spokeswoman for the NYPD
The city's EMS officials responded to the incident and were seen carrying the man's body off in a black body bag at the base of the famous Manhattan tower
The man was pronounced dead before leaving the scene
He was identified as Gustavo Arnal, Chief Financial Officer of Bed Bath & Beyond, early Sunday morning
Bed Bath & Beyond announced just days earlier that it would have to lay off 20% of its staff and close 150 stores nationwide as high inflation and a sagging economy hammer large US companies
Arnal took on the role of CFO in 2020, having previously worked as an executive at several major companies including Avon, Walgreens, and Procter & Gamble

https://www.dailymail.co.uk/news/article-11178041/Bed-Bath-exec-52-identified-man-jumped-death-18th-floor-NYC-tower.html

B,B, & B cancelled MyPillow, one of their best selling products. Walmart did as well.

Comments 1 - 20 of 20 Search these comments

1 mell 2022 Sep 4, 12:00pm

Go woke, go broke. Still strange, CFOs usually have golden parachutes and easily land their next job to financially ruin the next company. No need to jump, maybe there was more to it...

SoTex 2022 Sep 4, 12:36pm

I've been wondering if a lot of BBBs probs were related to canceling the pillows. I hope that's at least part of it.

AmericanKulak 2022 Sep 4, 12:37pm

What we needed were 100% GIZA COTTON with the PATENTED FILL to break his fall.

GNL 2022 Sep 4, 12:48pm

just_passing_through says

I've been wondering if a lot of BBBs probs were related to canceling the pillows. I hope that's at least part of it.

If one product caused all their financial problems 1. They are beyond stupid and 2. They were nothing more than a My Pillow outlet.

HeadSet 2022 Sep 4, 12:55pm

GNL says

If one product caused all their financial problems 1. They are beyond stupid and 2. They were nothing more than a My Pillow outlet.

Or
Boycotted because of their woke stance in refusing to carry My Pillow.

Shaman 2022 Sep 4, 12:57pm

As slim as retail margins have been lately, alienating even 25% of the population, especially the 25% who tend to have families and need a lot of home goods… is just a TERRIBLE idea.

RC2006 2022 Sep 4, 12:58pm

Maybe he had a conscience, a rare attribute for CEOs.

SoTex 2022 Sep 4, 1:00pm

GNL says

If one product caused all their financial problems 1. They are beyond stupid and 2. They were nothing more than a My Pillow outlet

Well, I was thinking it was more to do with people being pissed off about it and boycotting them like I did. Prior to that I'd buy stuff there.

Patrick 2022 Sep 4, 1:29pm

I have to wonder if he knew about massive fraud in their numbers, being CFO.

So maybe somebody tossed him out the window to prevent him from saying what he knew.

Just a theory.

10 ElYorsh 2022 Sep 4, 1:40pm

Wife and I used to love going to BBB. We knew we were paying more for most of what we bought there, but the coupons, selection and convenience made it worth it. But after they took a political stance we said fuck them. Amazon has everything they have and cheaper. I know we aren't the only ones who made the same decision.

11 clambo 2022 Sep 4, 1:47pm

I am always amazed at guys who have no health problems, not paralyzed, blind, etc. getting so depressed they kill themselves.

12 mell 2022 Sep 4, 1:48pm

Patrick says

I have to wonder if he knew about massive fraud in their numbers, being CFO.

So maybe somebody tossed him out the window to prevent him from saying what he knew.

Just a theory.

https://www.foxbusiness.com/business-leaders/bed-bath-beyond-cfo-who-leapt-death-accused-pump-dump-inflate-companys-stock-value

13 ElYorsh 2022 Sep 4, 1:58pm

Never could I have ever imagined that working as a C level executive for a publicly traded company, would have the same risks as being a mafia or cartel underboss.

Hircus 2022 Sep 4, 2:26pm

Patrick says

I have to wonder if he knew about massive fraud in their numbers, being CFO.

So maybe somebody tossed him out the window to prevent him from saying what he knew.

Just a theory.

That was my first thought too. He was committing fraud, likely lies about financial health, hoping by extending, pretending, and leveraging it would get them through a rough patch. But when the company income started degrading, he knew things were about to blow up spectacularly.

Still, this seems shame driven either way. Could be shame for failing the employees, or shame for his impending exposure and prison sentence.

Killing yourself before you need to face friends and family might also be an odd way to let them view you more positively than they should. They can assume they're hearing lies and exaggerations since you're not around to defend yourself, and "hope" can go a long way towards dismissing things they hear that will interfere with their image of him.

Patrick 2022 Sep 4, 2:26pm

mell says

https://www.foxbusiness.com/business-leaders/bed-bath-beyond-cfo-who-leapt-death-accused-pump-dump-inflate-companys-stock-value

Interesting that Gamestop was also involved:

The executive vice president and chief financial officer of Bed Bath & Beyond who plunged to his death from the 18th floor of a New York City skyscraper on Friday was the subject of a class action lawsuit alleging that he and majority shareholder, Gamestop Chairman Ryan Cohen, had artificially inflated the company’s value in a "pump and dump" scheme.

Gustavo Arnal, 52, and Cohen, are listed as defendants in the class action lawsuit filed last month in the United States District Court for the District of Columbia.

komputodo 2022 Sep 4, 2:35pm

Patrick says

I have to wonder if he knew about massive fraud in their numbers, being CFO.

So maybe somebody tossed him out the window to prevent him from saying what he knew.

Just a theory.

You are a conspiracy theorist. lol