The chief financial officer of troubled Bed Bath & Beyond has been identified by authorities as the man who jumped to his death from the iconic new Tribeca skyscraper known as the ‘Jenga Building’.
Gustavo Arnal, 52, who was also an executive vice president for the struggling home goods retailer, jumped to his death from the 18th floor of 56 Leonard Street on Friday.
The 60-story building is best known for its purposely misaligned apartments stacked atop each other, resembling the popular game “Jenga.”
The “Jenga Building” features 19-foot ceilings, double-height windows, white oak and stone floors, a gas fireplace, a chef’s kitchen and three terraces totaling 1,252 square feet with panoramic water and city skyline views.
It is also a celebrity-packed home to the mega-wealthy, including singer Frank Ocean.
On Aug. 16, Arnal sold 42,513 shares in company stock for a little over a $1 million, according to MarketBeat.com.
Arnal started working for Bed Bath & Beyond in 2020. He previously worked as chief financial officer for cosmetics giant Avon based out of London and had a 20-year career working overseas leading Procter & Gamble.
In 2021, he made more than $2.9 million via Bed Bath & Beyond, including $775,000 in salary and the rest in stock awards.
However, recently Bed Bath & Beyond has been facing turbulence and financial issues.
Shares in the Union, New Jersey-based business lost nearly a quarter of their value Wednesday, after the company announced a restructuring that includes store closures, layoffs and a possible stock offering.
The company said it has obtained more than $500 million in new financing and was reducing 20% of its workforce. It plans to close about 150 namesake stores but will keep its buybuy BABY chain.
In mid-August, shareholder activist Ryan Cohen, the billionaire co-founder of online pet-products retailer Chewy Inc., sold his shares in Bed Bath & Beyond after taking on a 10% stake just months before and pledging to make big changes.
God rest his soul.
jumping is not the answer to your problems. The Lord Jesus Christ is. “Without me, you can do nothing.” Don’t listen to the devil people. This just goes to prove that people are looking for something to bring them happiness. It is not wrong to have material goods. They are all given to us to enjoy. Peace, joy, and contentment ONLY comes from the Lord.
Amen ✝️🙏🏽
This story is so sad that a man would jump to his death. If he only knew that Jesus loved him! Suicide is never the answer and any problem is solvable with Jesus! He is the answer!
Amen to both comments above mine. The media should not have posted this photo of him. We are definitely at scriptures part where right will be wrong and wrong will be right. My son got to a point in his life where he just couldn’t do it anymore. His little boy and I and many others miss him terribly. It is so very sad that one can be so trapped by the devils words, stuck in a mental room that no door can be found. We can only hope that Jesus is in their hearts and they are with GOD and, we must hold onto GOD to carry us through until we prayerfully meet again. Pray for the person, pray for those who love them. We know GOD wins, lets win with HIM. Blessings!