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HomeNewsBed Bath & Beyond CFO falls to death days after company announces...

Bed Bath & Beyond CFO falls to death days after company announces massive closures and layoffs

A Mattress Tub & Past government is useless following a fall from the downtown Manhattan luxurious skyscraper the place he lived, in keeping with police and a number of media studies.

The loss of life of Gustavo Arnal, 52, the corporate’s chief monetary officer, comes days after the retail chain introduced it might shut about 150 of its greater than 700 namesake shops and lay off about 20% of its 32,000 workers after its inventory fell greater than 21% final Wednesday, and 65% prior to now yr, in keeping with The Related Press.

Arnal was pronounced useless when emergency medical personnel discovered him at round 12:30 p.m. on Friday close to Leonard Avenue and West Broadway, police informed NBC Information in an announcement, noting that he “appeared to endure from accidents indicative from a fall from an elevated place.

“The New York Metropolis Medical Examiner’s Workplace will decide the reason for loss of life and the investigation stays ongoing,” police mentioned.

A consultant for Mattress Tub & Past didn’t instantly reply to a request for remark from NBC Information.

Arnal was a resident of 56 Leonard Avenue, in keeping with police. The 60-story tower is nicknamed the “Jenga Constructing” attributable to its misaligned flats, giving it the looks of the block stacking sport.

Final yr, a penthouse within the constructing bought for $50 million, in keeping with the Actual Deal, which reported that residents embrace the singer Frank Ocean and the actor Keegan Michael-Key.

The constructing administration didn’t instantly reply to a request for remark from NBC Information.

Arnal beforehand held government roles on the beauty-product firm Avon, the pharmacy chain Walgreens, and Procter & Gamble, in keeping with his biography on the Mattress Tub & Past web site, and his LinkedIn web page, which additionally word that he had an undergraduate diploma in mechanical engineering from the Universidad Simon Bolivar and a grasp’s diploma in finance from the Universidad Metropolitana, each in Caracas, Venezuela.

Final yr, Arnal took house $2.9 million as CFO of Mattress Tub & Past, together with $775,000 in wage and the remaining in inventory awards, in keeping with InsiderTrades.com.

Final month, he bought greater than 42,500 shares of firm inventory price greater than one million {dollars}, in keeping with the web site MarketBeat.

Mattress Tub & Past’s inventory took a significant hit final month after an influential investor bought all of his practically 7.8 million shares. And the corporate continues to be trying to find a everlasting chief government officer after former CEO Mark Tritton was ousted in June after lower than three years on the job, in keeping with the AP.

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